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Awarded contract·The Metropolitan District·Connecticut

Qualified Underwriters for Debt Issuance

$2MAwarded 5/11/2018Single Award
Contract source

Description

The Metropolitan District (MDC) issued a Request for Qualifications to create a pool of qualified underwriters for its periodic debt‑issuance needs. The RFQ seeks senior managers, co‑managers, and selling‑group members to be placed on a three‑year “Qualified List,” which may be renewed for up to two additional one‑year terms. Firms respond with a Statement of Qualifications; those selected will be eligible for future, transaction‑by‑transaction Requests for Services. The solicitation outlines submission procedures, contact details, and clarifies that questions must be submitted via email by the specified deadline. • Purpose: Establish a qualified underwriter list for future debt issuance transactions. • Qualification Period: Initial three years, renewable up to two additional one‑year extensions. • Process: Submit a Statement of Qualifications; selected firms receive a qualified status and may be called on for individual transactions. • Contact: Lisa Madison ([email protected], (860) 278‑7850).

Attached files

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

Key dates

Bids closed
2/20/2018
Intent to award
5/11/2018
Awarded
5/11/2018
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Indefinite Delivery / Indefinite Quantity (IDIQ)
Industry
Financial Services
NAICS
523110
Solicitation №
2018R-04

Contract value

$2,000,000

The solicitation does not disclose a contract value. Underwriting services for municipal debt typically involve fees ranging from 0.5% to 1.5% of the issued amount. Assuming MDC issues $100 million in bonds annually and retains a pool of 5‑10 firms, the annual fee pool could be $500,000–$1.5 million. Over the three‑year qualification period, the total value of the arrangement could be roughly $1.5 million to $4.5 million. Given the lack of precise figures, a conservative midpoint estimate of $2 million is reasonable.

AI estimate from the award documents

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