Gulf Coast State College seeks proposals from qualified financial institutions for a non-revolving line of credit facility of $5,000,000 for interim financing of a construction project on the Panama City campus. Fixed interest rate, interest-only monthly payments, prepayable without penalty, unsecured, no reserve fund. Responses due November 6, 2026, 2:00 PM Central, via email to John Mercer. Award based on best overall value. Closing expected by December 8, 2026.
Responses are due by 2:00 p. m. Central time on November 6, 2026. The closing of the LOC is anticipated on or before December 8, 2026. responses due 2:00 p. m. central
During the draw period, GCSC expects to pay interest only on a monthly basis. gcsc expects to pay interest only on amonthly basis
GCSC will evaluate responses to determine which proposers offer the best overall value, including proposed terms, pricing, and all-in cost. best overall valueto gcsc, including but not limited to the proposed terms, covenants, flexibility andconditions, proposed pricing, and allin cost
Proposers must be qualified financial institutions and must not be on the discriminatory vendor list or convicted vendor list. qualified financial institutions and has not been placed on the discriminatory vendor list
Questions related to the RFP must be submitted in writing no later than November 1, 2026. questions related to rfp due november 1, 2026
Proposals delivered after the deadline will not be considered, and changes to specifications can result in rejection. under no circumstances will aproposal delivered after the time specified be considered
The line of credit facility is in the principal amount of $5,000,000. principal amount of 5, 000, 000