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Awarded contract·Alaska Energy Authority·Alaska

Bond Counsel for Alaska Industrial Development & Export Authority and Alaska Energy Authority

$800kSingle Award
Contract source

Description

This solicitation seeks a qualified law firm (or joint‑venture) to serve as bond counsel for the Alaska Industrial Development & Export Authority and the Alaska Energy Authority. The work includes all traditional bond counsel services—authorizing, issuing, and delivering debt securities, drafting and reviewing related documentation, providing regulatory and tax compliance advice, and offering broader advisory support for fiscal policies and audits. Compensation will be based on a maximum transactional‑fee schedule for bond‑related work and hourly rates or cost‑plus rates for non‑transactional services, with travel and out‑of‑pocket expenses reimbursed. The contract term is three years (Sept 2016‑Jun 2019) with two optional one‑year extensions. The procurement follows a full and open competition process, with Alaska‑based preferences applied to qualifying bidders.

Attached files

Key dates

Bids closed
5/20/2016
Starts
9/1/2016
Ends
6/30/2019Renews
Duration
34 months

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Legal Services
NAICS
541110
Solicitation №
RFP 2016‑0300‑3353

Contract value

$800,000

The solicitation does not disclose a ceiling amount. Typical bond‑counsel contracts for state‑wide authorities of this size (covering multiple bond issuances over a three‑year period) often range from $500,000 to $1,200,000, depending on the volume of issuances and complexity of advisory work. Considering the contract includes both transactional fee schedules and hourly rates, plus travel and out‑of‑pocket reimbursements, a reasonable mid‑point estimate would be roughly $800,000 for the base three‑year term. This estimate assumes an average of 3–4 bond issuances per year, each generating $50,000–$100,000 in fees, plus $100,000–$150,000 in annual advisory and overhead costs.

AI estimate from the award documents

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