The vendor is required to providing consulting services for financial planning, rate structures alternatives and assessing financial risk associated with public private partnerships as part of the long-term water augmentation program.
- The authority reserves the right to obtain services from another source when necessary.
- The authority by the consultants shall include, but not be limited to, the following:
• Provide technical expertise in the development of the most effective structuring, pricing, and financing in obtaining an augmented water supply resulting in affordable water throughout the state.
• Participate in the development of the financing of proposed project(s) including pros and cons and costs of alternative financing sources including but not limited to borrowing from water infrastructure finance innovation act (WIFIA), private finance and tax-exempt financing sources
• This includes working closely with the authority’s financial advisor and other key finance stakeholders and other technical consultants working on the project(s).
• Provide expertise in evaluating financial strategies and associated risk for possible long term water augmentation projects and develop alternatives where necessary to reduce the financial risk of the project.
• Develop necessary analytical models to evaluate financing alternatives by working with the authority’s staff, engineering and legal consultants.
• Assist in defining the authority’s financial role supporting the long-term water augmentation project(s).
• Develop a financial strategy for potential water off taker arrangements that could include:
1. Rate structure and cost sharing strategies
2. Developing an allocation of potential capital, operation and maintenance, and replacement costs into categories that support any contractual arrangements and rate structures.
3. Risks associated with the various financial arrangements to be considered in water off-taker agreements
4. Options on financial strategy that includes the offtake arrangements to support financing the project. 5. This may include a net present value life cycle cost of various scenarios.
6. Analyzing economic impacts of the augmentation project to the state over the near and long term.
7. Rate structure options that are fair, equitable and can financially support the long-term augmentation project(s).
8. Financial alternatives in working with potential offtakes.
9. Benchmark comparisons of water affordability with other states along with affordability impacts at the customer base.
10. Debt structuring options with authority’s financial advisor
• Prepare presentations and coordinate and participate in informational meetings with boards, committees, investors, credit analysts, water offtakes and others as requested by the authority
• Ensure compliance as applicable with applicable federal, state, industry and other laws, regulations, and requirements; and
• Provide other related financial consulting services from time to time as may be needed, necessary, or deemed desirable by the authority.
- Regardless of position, role, or duties, qualified consultants shall only assign personnel who are appropriately alert, fit, qualified, trained, and equipped for their assignments.
- Unless an agreement with the authority specifies certain numbers of personnel, qualified vendors shall:
• Provide adequate numbers of appropriately qualified and authorized personnel as necessary to carry out the services successfully
• Assign, at minimum, the key personnel identified in the accepted offer to the positions, roles, and/or duties indicated therein, and
• Not removing or reassign any of those key personnel without the authority’s consent, which authority may withhold at its discretion.
- Work performed by the qualified consultant shall be subject to periodic review and partial acceptance at various stages.
- The authority may make such reviews and pass upon the acceptability of consultant’s work.
- Questions/Inquires Deadline: April 9, 2025