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  5. ›RFP #2353 - TO SERVE AS MANAGING UNDERWRITER

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2353 - TO SERVE AS MANAGING UNDERWRITER

Won by BOFA Securities +6 more$10MMultiple Award
Contract source

Awarded vendors

  • BOFA Securities
  • PNC Capital Markets, LLC
  • Jefferies, LLC
  • Morgan Stanley
  • RBC Capital Markets, LLC
  • Wells Fargo Bank, N.A
  • TD Securities (USA) LLC

Description

This contract is a multiple‑award solicitation for “Managing Underwriter” services, with seven major financial institutions selected as awardees. Each vendor received its own contract number (23‑2353A through 23‑2353G) and will provide underwriting support, likely for securities offerings or related financial transactions. The procurement was administered by Monte Stanford ([email protected]) and the purchasing office ([email protected]). No submission deadline, start/end dates, or monetary values are disclosed in the source material. • Seven large financial firms awarded – BOFA, PNC, Jefferies, Morgan Stanley, RBC, Wells Fargo, TD Securities. • Each award is identified by a distinct contract number (23‑2353A‑G). • Agency contact information is limited to email; no phone or physical address is provided.

Attached files

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

Key dates

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
524210
Solicitation №
RFP #2353

Contract value

$10,000,000

The contract awards seven major banks and securities firms, each likely to handle sizable underwriting engagements. Typical managing‑underwriter contracts for municipal or corporate bonds can range from $1 million to $5 million per award, depending on the scope of the issuance. Assuming an average of $1.5 million per vendor yields a total estimated value of roughly $10.5 million. Factoring in possible economies of scale and the absence of disclosed financial terms, a conservative ballpark estimate would be about $10 million for the entire multi‑award solicitation.

AI estimate from the award documents

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