Amortization Government Bids & RFPs

Award under this RLP will be made to the lowest priced, technically acceptable offer, without negotiations.

The final evaluated price will determine the intended awardee among technically eligible offers, as this is a low price, technically acceptable procurement.

Offerors must demonstrate the ability to meet the required post award schedule. Evidence of capability, including identification of A/E and at least two general contractors, must be submitted prior to award.

Failure to submit required items for capability evidence or submission that is materially incomplete or conditional may result in a finding of technically unacceptable.

The post-award schedule concludes at the date of acceptance for the space, with a total of 140 working days from lease award to government acceptance.

This is a low price, technically acceptable procurement, the final evaluated price will determine the intended awardee among technically eligible offers.

To be found technically acceptable, the offeror must take no exception to the post award schedule deliverables and timeframes and submit identification of A/E and at least two general contractors that will participate in the bidding process or a firm plan for engagement and a letter of commitment.

Failure to submit required items for capability evidence or submission that is materially incomplete or conditional, may result in a finding of technically unacceptable.

The bid submission deadline is thirty (30) calendar days after the issue date, at 2:00 PM local time, which is June 15, 2026.

The bid notice does not explicitly detail payment terms for the financing itself, but it requests respondents to state whether payments are monthly, quarterly, semiannual, or annual and to provide amortization schedules.

The city will evaluate responses based on criteria including interest rate, net interest cost, total debt service, rate lock protection, financing structure, amortization, payment frequency, term options, debt service flexibility, all fees, costs of issuance, bank counsel costs, closing costs, ongoing administrative costs, legal security structure, prepayment, call, refinancing, early payoff flexibility, experience with Florida municipalities, responsiveness, completeness, statutory disclosures, ability to close, financial strength, references, service approach, and local/regional public sector banking support. The city is not obligated to award to the lowest stated interest rate if another proposal is determined to provide the best overall value.

Respondents must demonstrate that they are qualified, authorized, and capable of providing the requested municipal financing. This includes providing legal name, principal office, evidence of authorization to conduct business in Florida, confirmation of entity type, credit ratings, description of regulatory actions or litigation, identification of the proposed lending team, and references for public sector clients.

Any protest, objection, or challenge concerning this RFQ, the ranking, or intended award must be filed in accordance with the city's procurement policies, ordinances, or procedures then in effect. Respondents are responsible for timely filing.

Violating the cone of silence procurement communication rules, which prohibits lobbying or attempting to influence city officials outside the authorized process, may result in disqualification.

The estimated financing amount is approximately $1,500,000.

The bid notice does not explicitly state a delivery deadline for proposals. However, it mentions that the open period for submissions runs from the 1st through the 7th of each month, ending at 8:00 p. m. eastern time, unless otherwise stated.

The bid notice does not specify payment terms.

The bid notice does not specify warranty requirements.

The bid notice states that Award under this RLP will be made to the lowest priced, technically acceptable offer, without negotiations.

To be found technically acceptable, the offeror must take no exception to the post award schedule deliverables and timeframes and submit evidence of capability, including identification of A/E and at least two general contractors, or a firm plan for engagement and a letter of commitment.

The bid notice does not specify penalties.

The bid notice does not mention a site visit.

The bid notice does not require sample submission.

The bid notice does not specify a challenge deadline.