The State of Delaware Department of Finance and Department of Transportation (the Agencies) are seeking professional services to provide independent financial advice. The deadline for vendor proposal submission is November 12, 2025, at 3:00 PM local time. Vendors must provide evidence of a Delaware business license or evidence of an application to obtain the business license, evidence of insurance, and possess a minimum of 10 years experience in providing financial advisory services. All written questions about the RFP shall be submitted to the designated contact listed above via email on or before 4:00 p. m. , prevailing eastern time, on October 21, 2025. The original term of the contract between successful vendor and the agencies shall be five years beginning on the contract commencement date, with the agencies having three one-year extension options.
The proposal delivery deadline is 3:00 p. m. , prevailing eastern time, on november 12, 2025.
The agencies agrees to pay undisputed amounts within 30 days of receipt.
The bid notice states that vendor agrees to correct or reperform any services not in compliance with this agreement in a timely manner.
The evaluation criteria includes experience and reputation of management and staff in the public finance industry20 demonstrated ability, methodology and expertise in each issuers specific industry with respect to analysis, policy issues and complexities, variety and size of public financial issues 30capacity to meet issuer requirements including size, operational capability, location and staffing15familiarity with the state and availability of other services20appropriateness of proposed fees15.
To qualify, vendors must provide evidence of a delaware business license or evidence of an application to obtain the business license, provide evidence of insurance as set forth in appendix b, attached hereto, possess a minimum of 10 years experience in providing financial advisory services services as outlined herein to states and statelevel entities such as the agencies.
There will be o prebid meeting associated with this rfp.
The deadline for vendor questions is october 21, 2025, 4: 30 pm local time.