The Texas Water Development Board (TWDB) is seeking qualifications for arbitrage compliance and related services to ensure compliance with Internal Revenue Code Section 148. The selected contractor will be responsible for creating and maintaining records, performing calculations of arbitrage liability and yield restriction requirements, providing reports to TWDB, preparing transmittals for the IRS, and offering advice on compliance issues. The contract term is from execution until August 31, 2029, with potential extensions. The maximum total project cost is $363,**** damages of **** per day will apply for delayed deliverables. Responses are due by May 28, 2026. Key requirements include submitting a statement of qualifications, company profile, resumes, HUB subcontracting plan, and a fee schedule. Award will be based on demonstrated competence, qualifications, and fair price.
The deadline for submission of solicitation responses is May 28, 2026, at 5:00 p. m. Central Daylight Time. The service requested will start upon execution of the contract and end on August 31, 2029, with potential extensions by amendment up to 3 times for one additional year increments.
The award will be made on the basis of demonstrated competence and qualifications to perform the services for a fair and reasonable price. The evaluation committee will determine best value by applying the following criteria: firms experience and qualifications (45 points), approach and methodology (25 points), and qualifications of personnel assigned to TWDB (30 points), totaling 100 possible points.
Respondents are required to have the ability to create and maintain records for arbitrage liability, perform all calculations, provide reports to TWDB, prepare transmittals for the IRS, and provide advice and assistance for yield reduction payments.
If a selected contractor breaches its obligation to provide deliverables in accordance with the schedule, the selected contractor agrees to pay TWDB **** per day for each day of delay as liquidated damages.
The deadline for submitting questions is April 21, 2026, at 5:00 p. m. Central Daylight Time.
The maximum total project cost will not exceed $363,****.