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Q19001153 Financial Advisory Services

General Information
Solicitation Number
Q19001153version:    02
Status
Awarded
Department
Transportation
Division
Administration
Islands (where the work/delivery is to be performed)
Statewide
Category
Services
Release Date
02/26/2019
Amendment Date
03/19/2019
Amendment Reason
Change Solicitation Close Date to 3/22/19 2p.m.
Offer Due Date & Time
03/19/2019 02:00 PM
Description
Financial Advisory Services for the State of Hawaii Highway Revenue Bonds, Series 2019
Contact Person
Brighter, Destiny
Email
destiny.brighter@hawaii.gov
Phone
808-587-2252
General Comments
Procurement Officer
Marshall Ando
Attachments

Direct all questions regarding this Solicitation, and any questions or Issues relating to the accessibility of this Solicitation (Including the appendices and exhibits to this Document, and any other document related to this Solicitation), to: Brighter, Destiny.

Q19001153 Financial Advisory Services

Line Items
#
Title
Quantity
Unit of Measure
Commodity Code
 

1
Financial Advisory Services for the State of Hawaii
1
JOB
523920, 523920, 523920, 523920, 523930, 523930, 523930, 523930, 523930, 523930, 523920, 523920, 523920, 523920, 523920, 523920 

Code Table
Commodity Code Description
523920 Pension fund managing
523920 Personal investments trusts, managing
523920 Portfolio fund managing
523920 Private equity fund managing
523930 Certified financial planners, customized, fees paid by client
523930 Financial investment advice services, customized, fees paid by client
523930 Financial planning services, customized, fees paid by client
523930 Investment advice consulting services, customized, fees paid by client
523930 Investment advice counseling services, customized, fees paid by client
523930 Investment advisory services, customized, fees paid by client
523920 Investment management
523920 Managing investment funds
523920 Managing mutual funds
523920 Managing personal investment trusts
523920 Managing trusts
523920 Mutual fund managing
General
Quantity
1
Unit of Measure
JOB
Title
Financial Advisory Services for the State of Hawaii
Description
The State of Hawaii, Department of Transportation Highways Division (“Highways Division”) is soliciting quotations from qualified persons and qualified firms to provide financial advisory services and to act in the capacity of an Independent Registered Municipal Advisor (IRMA) (as defined by the Securities and Exchange Commission (SEC) for Highways. In particular, the Highways Division is engaging the services of the financial advisor to evaluate proposals/ information submitted to the Highways Division by investment banking firms and financial institutions which will allow these firms to qualify for the exemption provided by 17 CFR §240.15Ba1-1(d)(3)(vi) (the “IRMA exemption”).

Please see attached File for additional information and Scope of Work.
Attachments

Print

Direct all questions regarding this Solicitation, and any questions or Issues relating to the accessibility of this Solicitation (Including the appendices and exhibits to this Document, and any other document related to this Solicitation), to: Brighter, Destiny.

Q19001153 Financial Advisory Services

Instructions
  • COMPLIANCE AND DOCUMENTATION: Vendors are required to be compliant with all appropriate state and federal statutes. Proof of compliance is required through HCE or via paper documentation.
  • VENDOR REGISTRATION IN HAWAII COMPLIANCE EXPRESS (HCE) : Vendors can register at https://vendors.ehawaii.gov/hce via an annual subscription fee and should subscribe prior to responding to a solicitation. For more information visit the HCE Section of the FAQs at http://spo.hawaii.gov/faqs/#tabs-4.
  • VENDOR NON-COMPLIANCE : NON-COMPLIANCE may result in a vendor not receiving an award, delay of payment, or cancellation of award. If the vendor does not maintain timely compliance, which is the vendor’s responsibility, an offer otherwise deemed responsive and responsible may not be awarded. State agencies may check for compliance at any time.
  • HAWAII GENERAL EXCISE TAX (GET): Unless otherwise stated in this solicitation, vendors shall include all applicable taxes in the price submitted. The Hawaii General Excise Tax (GET) shall not exceed 4.712% for the islands of Oahu and Kauai, 4.4386% for the island of Hawaii and 4.1666% for the island of Maui.
  • ADDITIONAL FEES AND CHARGES: Vendors shall include all applicable fees, charges, surcharges, shipping/handling, delivery, or any other charges associated with this solicitation in the price submitted.
  • VENDOR COMPLIANCE – PAPER DOCUMENTS : Vendors not utilizing HCE shall provide paper certificates that must be valid at the time of award. All applications for applicable clearances are the responsibility of the vendor, who must be compliant pursuant to HRS§103D-310(c) with the chapters 1) Chapter 237, General Excise Tax Laws; 2) Chapter 382, Hawaii Employment Security Law; 3)Chapter 386, Worker’s Compensation Law; 4) Chapter 392, Temporary Disability Insurance; 5)Chapter 393, Prepaid Health Care Act; and 6) §103D-310(c), Certificate of Good Standing (COGS) for entities doing business in the State. Upon receipt of compliance paper documents (A-6, LIR#27, COGS), the purchasing agency reserves the right to verify their validity with the respective issuing agency.
  • RESPONSE TO THIS SOLICITATION: Only responses submitted through HIePRO shall be considered for award.
  • QUESTIONS ABOUT THIS SOLICITATION: Unless otherwise indicated, questions regarding this solicitation must be directed to the Buyer listed.
  • TRANSACTION FEES: The Awarded Vendor shall pay a Transaction Fee of 0.75% (.0075) of the award, not to exceed $5,000 for each award. This transaction fee shall be based on the original award amount or estimated amount, and Contractor shall be responsible for payment of the fee to Hawaii Information Consortium, LLC (HIC), the vendor administering the HIePRO. Payment must be made to Hawaii Information Consortium, LLC (HIC) within thirty (30) days of receipt of invoice. The invoice is generated based on the date the award is posted.
  • OFFER DEEMED FIRM/AUTHORITY TO SUBMIT OFFER: Submission of an electronic response to the State of Hawaii constitutes and shall be deemed an offer to sell the specified goods and/or services to the State of Hawaii at the price shown in the response and under the State's Terms and Conditions. The electronic response submitter certifies that he/she is authorized to sign the response for the submitting vendor and that the response is made without connection with any person, firm, or corporation making a response for the same goods and/or services and is in all respects fair and without collusion or fraud.