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  5. ›RFP #2130 - MANAGING UNDERWRITER

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2130 - MANAGING UNDERWRITER

Won by Bank of America Merrill Lynch +7 more$2.5MAwarded 10/15/2018Multiple Award
Contract source

Awarded vendors

  • Bank of America Merrill Lynch
  • PNC Capital Markets, LLC
  • Citigroup Global Markets, Inc.
  • Jefferies, LLC
  • M&T Securities, Inc.
  • Morgan Stanley & Co.
  • RBC Capital Markets
  • Wells Fargo Securities

Description

This contract concerns the management of underwriting services for a public‑sector entity. The agency (identified only by its email domain “hocmc.org”) solicited bids and selected eight major financial institutions to act as underwriters, indicating a multi‑vendor, competitive approach. The work likely involves financial structuring, risk assessment, and capital market advisory to support the agency’s financing needs. • Multiple leading banks were named, showing a broad competitive field. • No detailed scope, deliverables, or performance metrics are disclosed in the excerpt. • The award date is October 15 2018, but start/end dates, pricing terms, and contract value are not provided.

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Intent to award
10/15/2018
Awarded
10/15/2018

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
523110
Solicitation №
RFP #2130

Contract value

$2,500,000

The document provides no monetary figures. However, managing underwriting for a public agency typically involves sizable capital market transactions. Considering eight major banks were engaged, a plausible range is $1 million‑$5 million for the underwriting advisory fee, plus potential success‑based commissions. Assuming a mid‑point advisory fee of roughly $2.5 million aligns with industry standards for multi‑vendor underwriting projects of comparable scale.

AI estimate from the award documents

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