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Public Higher Education Bulletin

Northeastern Illinois University

Professional and Artistic RFP: Financial Advisory Services

Award Info Published Monday May 18, 2020
Awarded to:
Vendor: Blue Rose Capital Advisors, LLC., Minneapolis, MN
Amount: An amount not to exceed $130,000
An estimated start date of 7/1/2020 through 6/30/2023
2 one-year
Potential Future Renewals: $100,000
Number of unsuccessful, responsive bidders: 0
Pending Board Approval, Blue Rose Capital Advisors, LLC is the selected firm.
The total number of vendors who responded- 2

The number of unsuccessful vendors who responded- 1

The name of each bidder or offeror who submitted a response- Stern Brothers and Company; Blue Rose Capital Adviors, LLC.

The bid amount of each bid or offer- Did not open pricing for Stern Brothers

For each vendor who submitted a response, including the awarded vendor: -The name or names of the certified Business Enterprise Program BEP firms identified in the vendor�s submitted utilization plan- Blue Rose has committed to utilize Mohanty Gargiulo, LLC.; Stern Brothers and Company did not identify a BEP firm

- The amount and percentage of business proposed to be conducted by businesses owned by BEP vendors as reflected in each utilization plan- 20

- The name or names of the certified Veteran Business Program VBP firms identified in the vendor�s submitted utilization plan- None

- The amount and percentage of business proposed to be conducted by businesses owned by VBP vendors as reflected in each utilization plan- 0

- The total number of VBP vendors that submitted responses- 0

- The information recorded at the solicitation opening, including the bid amount i.e. the bid tab. Pricing was not opened for at the opening for this RFP.
The Chief Procurement Officer for this procurement is now Ben Bagby.
The State Purchasing Officer for this procurement is now Nicole Krneta Rogers.
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 Wednesday January 22, 2020
Addendum #2 is being published to provide answers to questions received.
This notice has been modified
Published Friday January 10, 2020
Addendum 1 is being published to change pre-submission conference to non-mandatory. Also adding proposal submittal requirements information.
First published Thursday, January 2, 2020
Sealed proposals will be accepted below until 2:00 PM, Tuesday January 28, 2020:
At the following address:
Purchasing Department
Building C, 4th Floor
5500 North St. Louis Avenue
Chicago, IL 60625-4699
Northeastern Illinois University is seeking proposals from qualified firms to provide Financial Advisory Services related to the University's debt and capital structure. The selected firm shall provide competent and objective advice to assist the University with financial matters related to capital planning and debt issuance, investment ratings, primarily revenue bonds and/or certificates of participation. Services shall also include periodic ancillary investment consultant advice and services, along with periodic review of University investment policy and guidelines.

The financial advisor selected will not be eligible to serve as an underwriter of revenue bonds or other financial obligations of the University during the duration of the financial advisory contract.

A MANDATORY pre-submittal conference is scheduled to be held on January 14, 2020 at 2:00 p.m. CST in Room SU216 - Student Union Building

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 - Ben Bagby
State Purchasing Officer - Nicole Krneta Rogers
Submit 5 copies of the response as defined in the specifications.
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.

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-FinancialAdvisoryServices.pdf (132 KB)
  • Addendum2-FAS2019-FinancialAdvisoryServices-Final.pdf (112 KB)
  • FAS2019FinancialAdvisoryServicesFINAL.pdf (347 KB)
Other Public Documents
  • FormA-HE.docx (100 KB)
  • FormB-HE.docx (39 KB)