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Public Higher Education Bulletin

 
Northeastern Illinois University
RFP #BUS2022

Request for Proposal: Bond Underwriting and Investment Banking Services

Award Info Published Tuesday July 12, 2022

Loop Capital Markets, LLC.Chicago, IL

  • Amount: An estimated $174,000
  • Terms: An estimated start date of 10/1/2022 through 9/30/2027
  • Renewals: 5 one-year
  • Potential Future Renewals: $174,000
  • Stern Brothers & Co. (subcontractor)
    BEP [30% / $52,200]

UBS Financial ServicesChicago, IL

  • Amount: An estimated $178,000
  • Terms: An estimated start date of 10/1/2022 through 9/30/2027
  • Renewals: 5 one-year
  • Potential Future Renewals: $178,000
  • Stern Bros & Co. (subcontractor)
    BEP [30% / $53,400]

Stifel, Nicolaus & Company, Inc.St. Louis, MO

  • Amount: An estimated $199,000
  • Terms: An estimated start date of 10/1/2022 through 9/30/2027
  • Renewals: 5 one-year
  • Potential Future Renewals: $199,000
  • Valdes & Moreno, Inc. (subcontractor)
    BEP [30% / $59,700]

Piper Sandler & Co.Chicago, IL

  • Amount: An estimated $311,000
  • Terms: An estimated start date of 10/1/2022 through 9/30/2027
  • Renewals: 5 one-year
  • Potential Future Renewals: $311,000
  • Backstrom McCarley Berry & Co., LLC (subcontractor)
    BEP [15% / $46,650]
  • Estrada Hinojosa & Company, Inc. (subcontractor)
    BEP [15% / $46,650]

Mesirow Financial, Inc.Chicago, IL

  • Amount: An estimated $334,000
  • Terms: An estimated start date of 10/1/2022 through 9/30/2027
  • Renewals: 5 one-year
  • Potential Future Renewals: $334,000
  • Cabrera Capital Markets, LLC. (subcontractor)
    BEP [30% / $100,200]

Unsuccessful respondents (2)

Summary

Respondents

7 total

5 successful respondents

2 unsuccessful respondents

1 BEP vendors
0 VBP vendors
0 Small businesses

Buyer for this procurement: Victoria Santiago, (773) 442-5301

Chief procurement officer for this procurement: John Donato

State purchasing officer for this procurement: Eleanor Curcuro

The University award process may be delayed up to thirty days as this award goes through a state approval process.

This notice has been modified
Published Monday April 11, 2022
Addendum #1 is being issued to answer questions received.
First published Wednesday, March 30, 2022
Sealed proposals will be accepted below until 2:00 PM, Tuesday April 19, 2022:
At the following address:
Electronic Submittals Only
No Physical responses accepted
Register from main screen under
e-bidding tab
e-bidding, IL 0000
via Electronic Bidding
The Board of Trustees of Northeastern Illinois University is seeking proposals from qualified firms to provide bond underwriting and investment banking services on an as needed basis for the categories specified 1 - Senior Managing Underwriter, and 2 - Co-Managing Underwriter. It is the intention of the University to establish a pre-qualified pool of vendors, and then select from among that pool as needs arise. Once the pre-qualified pool is selected, these vendors shall be considered of equal rank. When there is a specific need, the pre-qualified vendors will be contacted in accordance with 44 ILL. Admin. Code 4.2036(b) to submit a Request for Quotation (RFQ). The vendor submitting the response that meets the stated needs and is the lowest price or that provides the best value will have the award.

For instructions on how to obtain a comprehensive purchase description, disclosure or contract forms, contact:
Victoria Santiago
5500 N. St. Louis Avenue
Chiago, IL 60625
Phone: (773) 442-5301
FAX: (773) 442-5314
Chief Procurement Officer - John Donato
State Purchasing Officer - Eleanor Curcuro
The University reserves the right to accept or reject any and all responses or parts thereof.
Vendor may expect payment thirty to sixty days after receipt of invoice, unless otherwise stated in the bid documents.
This procurement may be contingent on Board of Trustees approval.
Illinois Department of Human Rights (IDHR) eligibility number is required on all proposals, if applicable.
There is a 30 percent BEP goal for this procurement. See solicitation documentation for details.
The contract(s) for this solicitation could exceed $50,000 annually.

This transaction is subject to the State Board of Elections registration and certification requirements of Public Act 095-0971.

The State of Illinois has a policy to encourage prospective vendors to hire qualified veterans, minorities, females, persons with disabilities and ex-offenders.

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To obtain documents, log on:
Specification Documents
  • Addendum1-BUS2022BondUnderwritingandInvestmentBankingServices.pdf (126 KB)
  • BEPUtilizationPlanV21.pdf (2 MB)
  • BUS2022BondUnderwritingandInvestmentBankingServicesRFP.docx (219 KB)
  • E-BiddingVendorInstructions.docx (678 KB)
  • FormB.pdf (1 MB)
Public Opening Documents
  • ProposalopeningSheet-BUS2022BondUnderwritingandInvestmentbankingServices.pdf (270 KB)