Northeastern Illinois University
Professional and Artistic RFP: Financial Advisory Services
Renewal entered into with:Vendor: Blue Rose Capital Advisors, LLC.
Amount: An estimated $100,000
Renewal: Renewing both options, 7/1/2023 through 6/30/2025
Pricing Changes:
Total 14% increase. Monthly retainer increase by 3% per original proposal plus an additional increase of 11% due to increase in BEP participation goal from 20% to 30%.
Service/Product Changes:
None
Potential Future Renewals:
None
The Chief Procurement Officer for this procurement is now John Donato.
The State Purchasing Officer for this procurement is now Eleanor Curcuro.
The University has taken into account 30 ILCS 575/8i of the BEP Act in conducting this renewal.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Blue Rose Capital Advisors, LLC.Minneapolis, MN
- Amount: An amount not to exceed $130,000
- Terms: An estimated start date of 7/1/2020 through 6/30/2023
- Renewals: 2 one-year
-
Potential Future Renewals:
$100,000
Unsuccessful respondents (0)
Buyer for this procurement: Victoria Santiago, (773) 442-5301
Chief procurement officer for this procurement: Ben Bagby
State purchasing officer for this procurement: Nicole Krneta Rogers
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Addendum #2 is being published to provide answers to questions received.
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.
