Active SLED Opportunity · ARIZONA · CITY OF PHOENIX

    Financial Advisory Services

    Issued by City of Phoenix
    cityRFQCity of PhoenixSol. 223550
    Open · 15d remaining
    DAYS TO CLOSE
    15
    due May 8, 2026
    PUBLISHED
    Apr 17, 2026
    Posting date
    JURISDICTION
    City of
    city
    NAICS CODE
    523930
    AI-classified industry

    AI Summary

    City of Phoenix seeks financial advisory services under a five-year contract starting October 2026. The RFQ requires experience in municipal financial advisory, regulatory compliance, and staffing. Key dates include a pre-proposal meeting on April 22, 2026, and questions due by May 1, 2026.

    Opportunity details

    Solicitation No.
    223550
    Type / RFx
    RFQ
    Status
    open
    Level
    city
    Published Date
    April 17, 2026
    Due Date
    May 8, 2026
    NAICS Code
    523930AI guide
    Jurisdiction
    City of Phoenix
    State
    Arizona
    Agency
    City of Phoenix

    Description

    The City of Phoenix invites sealed offers for financial advisory services for a five-year contract commencing on or about October 1, 2026, in accordance with the specifications and provisions contained herein or the “Effective Date” which is upon award by City Council, conditioned upon signature and recording by the City Clerk’s department, as required by the Phoenix City Code, whichever is later.

    This solicitation is available through the City’s Procurement Portal. For technical support issues related to the City's Procurement Portal, Offeror may use the support bubble on the bottom right, or email procurement-support@opengov.com for any assistance.  For other issues related to this solicitation please contact the procurement officer listed under Contact Information.

    Notwithstanding the foregoing, this Agreement will terminate upon the earliest occurrence: by reaching the end of the term including any extensions exercised, or termination pursuant to the provisions of this Agreement.  

    Project Details

    • Reference ID: RFQu-26-0189
    • Department: Finance Central Procurement
    • Department Head: Austin Soldano (Chief Procurement Officer)

    Important Dates

    • Questions Due: 2026-05-01T21:00:00.000Z
    • Pre-Proposal Meeting: 2026-04-22T21:00:00.000Z — Meeting link: https://cityofphoenix.webex.com/cityofphoenix/j.php?MTID=m3c35dcd62ec7c691e33d875ca3852e6c Meeting number: 2335 400 8409 Meeting password: DTnCZAZf674 Join from a video system or application Dial 23354008409@cityofphoenix.webex.com You can also dial 173.243.2.68 and enter your meeting number. Join by phone +1-415-655-0001 Toll Access code: 23354008409 Global call-in numbers https://cityofphoenix.webex.com/cityofphoenix/globalcallin.php?MTID=m1915cfd7df0557305467df6ea9c9e555

    Addenda

    • Official Notice #1: RFQu-26-0189 - Pre-Offer Conference Presentation (released 2026-04-22T21:43:15.019Z)

    Evaluation Criteria

    • Experience and Knowledge - Q1 (100 pts)
      Describe the Offeror’s experience in relation to the five‑year minimum qualification requirement and provide an overview of the firm, including its organizational structure, major services provided, total number of employees, legal structure and ownership.
      (Section 2.14)
    • Experience and Knowledge - Q2 (100 pts)
      1. Offeror must describe all acquisitions, consolidations, and mergers involving the firm within the past twenty-four months, including any pending transactions, and discuss any impact these may have on the service categories for which the Offeror is applying.
      2. Offer must provide the status of such transaction and the effect such transaction has had or is expected to have on the firm.
      3. Offeror must discuss the impact such transactions are likely to have on the services provided to the City.

      (SOW 3.2)

    • Experience and Knowledge - Q3 (100 pts)

      Offeror must provide the firm's most current and prior year financial statements showing the firm's assets, liabilities and net worth. At a minimum, the Offeror must include the Balance Sheet (Statement of Financial Position), Income Statement (Statement of Operations) and the Retained Earnings Statement. If available, audited financial statements issued within the last twelve months should be submitted.

    • Experience and Knowledge - Q4 (100 pts)
      Offeror must identify whether the firm or any of its directors, officers or employees is currently, or in the past has been the subject of an investigation or inquiry by any governmental or regulatory agency relating to the sale, purchase, marketing or other activity related to the securities industry. Indicate if the firm or any of its directors, officers or employees has been a defendant, or had a claim made against them, in any court of law or in any way related to participation of the firm’s directors, officers or employees in the securities industry, and if so, describe that litigation or claim and its outcome. (SOW 3.4)
       
    • Experience and Knowledge - Q5 (100 pts)

      Offeror must confirm that the firm has been in compliance, at all times within the last three years, with all applicable Municipal Securities Rulemaking Board (MSRB) and Securities and Exchange Commission (SEC) rules.

      If not, the Offeror must explain the non-compliance and if the firm was sanction or fined as a result of such non-compliance.(SOW 3.4.C)

      Compliance will be verified through Investment Adviser Public Disclosure website (https://adviserinfo.sec.gov/) and FINRA Broker Check (https://brokercheck.finra.org/)

    • Experience and Knowledge - Q6 (100 pts)
      Offeror shall disclose if there exists any relationship between the firm and any other non-affiliated firm(s) involving compensation that may be in effect if the firm is selected to provide financial advisory services.  If so, the Offeror must provide an explanation. (SOW 3.4)
    • Personnel - Q1 (100 pts)
      Offeror shall describe its staffing plan and proposed engagement team, indicate whether staffing will vary by service category, and explain how its staffing resources will ensure timely response to City requests.
      (SOW 3.3.E)
    • Personnel - Q2 (100 pts)
      Describe the Offeror’s key personnel, their responsibilities, and the service categories in which they will operate.  

      (SOW 3.2)

      Provide an organizational chart that identifies key project personnel by name and title.

    • Service Category Experience (200 pts)

      Provide a response to the applicable service categories applied for (SOW 3.2):

      Service Category A: Financial Advisory Services related to Long-term Financial and Capital Planning and Feasibility Analysis

      1.) Describe Offeror’s experience in developing long-term (five or more years) financial or capital planning analyses for governmental entities. Specifically list the types of long term financial plans developed and the purpose or circumstance for their development.

      Service Category B: Financial Advisory Services related to Evaluation of Developer Proposals

      1.) Describe Offeror’s experience in assisting governmental entities in evaluating developer proposals that require some type of participation from the governmental entity, financial or otherwise. If Offeror assisted or acted on behalf of the governmental entity in negotiations, please indicate.

      2.) In no more than 2 paragraphs, describe the participation requested by the developer, the Offeror’s role in that participation, and identify any governmental entity familiar with the Offeror’s role.

      Service Category C: Financial Advisory Services related to Implementation of Special Financing Districts

      1.) Describe Offeror’s experience in the role as financial advisor over the past three years as it relates to feasibility analysis or implementation and financing through a special financing district such as a community facilities district, special assessment district, improvement district or similar entity.

      2.)  In no more than 2 paragraphs, describe the participation requested by the developer, the Offeror’s role in that participation, and identify any governmental entity familiar with the Offeror’s role.
       
      Service Category D: Municipal Advisory Services Related to Debt Financing

      1.) Describe Offeror’s expertise and capabilities with respect to the planning, structuring and execution of financial transactions in the capacity as a financial advisor. Provide a list (as an exhibit) of transactions relevant to this RFQ for which Offeror has participated since July 2021. Provide the following information: 

      1. Issuer (name and contact person)
      2. Sale type (negotiated or competitive)
      3. Lead Underwriter(s) on transaction
      4. Par amount
      5. Transaction name
      6. Date of issue
      7. Type of financing (i.e., fixed variable, swap/derivative, etc.)
      8. Issuer ratings 

      2.) Describe Offeror’s specific experience as a financial advisor for interest rate swaps or other derivative product transactions. Describe the role of Offeror and the types of analysis or services provided as the financial advisor on these transactions. Include the key staff from the firm involved in the transaction.

      3.) Briefly describe Offeror’s unique strengths and how they will add value to the City's borrowing programs, especially in difficult or changing markets, and in the use of alternative financing arrangements to long-term fixed rate and variable rate financings, such as swaps and other derivative products.

      Service Category E:  Investment Advisory Services

      1.) Describe your firm’s experience providing investment advisory services to municipal entities. Include the number of municipal clients served, the size of assets managed, and the duration of those relationships.

      2.)  Provide examples of municipal portfolios you have managed. Include details on asset allocation strategies, compliance with state/local regulations, and performance benchmarks.
       
      *If Offeror does not have any specific experience or does not want to be considered and evaluated for this service category, indicate as N/A*

    Submission Requirements

    • Has the Offeror been in operation a minimum of 5 years? (required)
    • Please identify the service category for which the Offeror is submitting a Statement of Qualifications. (required)
    • Has the Offeror’s primary business activity during the past five years involved providing the goods or services described in this solicitation? (required)
    • Is your firm currently registered with the U.S. Securities and Exchange Commission (SEC) as a Municipal Advisor? (required)

      Minimum Qualification for Financial Advisory and Municipal Advisory Service categories.

    • If yes, provide your SEC registration number: (required)
    • Is your firm currently registered with the Municipal Securities Rulemaking Board (MSRB)? (required)

      Minimum Qualification for Financial Advisory and Municipal Advisory Service categories.

    • If yes, provide your MSRB registration number: (required)
    • Does your firm employ personnel licensed as Series 50 Municipal Advisor and/or Series 54 Municipal Advisor Principals? (required)

      Minimum Qualification for Financial Advisory and Municipal Advisory Service categories.

    • If yes, attach proof of the required licenses for all personnel proposed to work on the Scope of Work. (required)
    • Does the Offeror's personnel working the scope of work hold an active Series 65, Series 7 or Series 66 license. (required)

      Minimum Qualification for Investment Advisory Services

    • Please submit proof of qualification. (required)
    • Technical Proposal (WITHOUT PRICING) (required)

      Please provide your responses for Section 4. Evaluation Criteria.

    • PAYMENT TERMS & OPTIONS: Vendors must choose an option, if a box is not checked, the City will default to 0% - net 45 days: (required)
    • Prompt Payment Discount

      ______% - 30 days or 0% – 45 days 

      If none is specified, the City will default to 0% - net 45 days.

    • Pricing Proposal (required)

      Please download the below documents, complete, and upload.

    • Will you be providing any additional Pricing Proposal information? (required)
    • Please upload additional Pricing Proposal information here (required)
    • References (required)

      Please download the below documents, complete, and upload.

    • Heat Safety Compliance (required)

      Please download the below documents, complete, sign, and upload.

      Failure to submit a signed Heat Safety Compliance will deem your offer non-responsive and result in disqualification from further consideration.

    • Certification Regarding Debarment, Suspension, and Other Ineligibility and Voluntary Exclusion (required)

      Please download the below documents, complete, and upload.

    • Has your organization implemented a privacy program that covers privacy risk across all operations, services, projects, programs and systems that process personal data? (required)
    • Does your organization have an incident/breach escalation and response plan? (required)
    • Has your organization experienced any reportable privacy or security breaches within the last 2 years? (required)
    • Financial Responsibility Questionnaire (required)

      Please download the below documents, complete, and upload.

    • FTA - Federal Certifications (required)

      Please download the below documents, complete, and upload.

    • Sensitive Security Information Acknowledgement Form (required)

      Please download the below documents, complete, and upload.

    • Offer (required)

      Please download the below documents, complete, and upload.

    • Conflict of Interest and Transparency (required)

      Please download the below documents, complete, and upload.

    • Please confirm that all required documents have been duly signed and uploaded, including but not limited to: the Offer Page, Conflict of Interest and Transparency, and any other mandatory forms requiring signature. (required)

      Failure to submit all required signed documents may deem our offer non-responsive and result in disqualification from further consideration.

    • Department Name(s) (required)

      Select from one of the following Department Names to insert department-specific provisions and/or attachments.

    • Description (required)

      Enter the description of the procurement here in lowercase.

    • Contract Term (required)

      Enter the contract term in lowercase.

      Examples:

      five-year contract (strongly recommended)

      three-year term, with two option years

      one-time purchase

    • Contract Start Date (required)

      Enter the contract start date (on or about).

      Example: March 1, 2023

    • Pricing Proposal (required)
    • Will Delivery be a factor in determining award? (required)

      Selecting "Yes" will insert the Delivery provision into the Instructions section.

      Delivery

      Delivery is an important consideration and will be a factor in determining the award. A delivery time after receipt of order (ARO) must be stated in definite terms. Should there be variations in delivery times by item, the submittal should be clear concerning these variations.

    • RFQu Response Max # of Pages (required)

      Please enter the maximum number of pages that an Offeror should submit for an RFQu response.

    • Include Pre-Award Qualifications Instructions to Offeror? (required)

      Selecting "Yes" will insert the Pre-Award Qualifications provision into the Instructions section.

    • Number of Years in Operation (required)

      Enter the number of years an Offeror must have been in operation.

    • Will a Site Inspection be conducted? (required)

      Selecting "Yes" will insert the Site Inspection provision into the Instructions section.

    • Will the contract involve work in outdoor environment? (required)

      By responding "Yes", the provision "Contractor Requirements for the Mitigation of Heat-Related Illnesses and Injuries in the Workplace" will populate in Standard Terms and Conditions.

    • BONDS

      Select if appropriate.

      Discuss with your supervisor and attorney the standard bonds for your scope. It may depend on the cost and type of project as to whether bonds are advisable.

    • Performance Bond Amount (required)

      Enter the Performance Bond percentage or dollar amount.

      Example: 10% or $1,000.00

    • Solicitation Bond Percentage (required)

      Enter the Solicitation Bond percentage.

      Example: 10%

    • Payment Bond - Required By (Number of Days) (required)

      Enter the number of days the Payment Bond is required after notice award.

      Example: 7

    • Payment Bond - City Retention of Surety (in Days) (required)

      Enter the number of days the City will retain a surety if submitted in a form other than a bond.

      Example: 7

    • Include Professional Services Terms and Conditions? (required)
    • SPECIAL TERMS AND CONDITIONS (required)

      This is a list of the Special Terms and Conditions sections available to add to a document. Select all that are applicable.

      Please review the selected subsections in detail to ensure that they are relevant to this document. Several areas have options which are dependent on the scope.

      Allow adequate time for an attorney to address potential legal issues, of any, including redlines if you wish to change or insert any language.

    • FOB Options (required)

      Select the option(s) appropriate for this document.

    • Destination Address(es) (required)

      Enter the destination address(es) where delivery should be made.

      Example: 251 W Washington St, Flr 8, Phoenix, AZ 85003

    • Delivery Timeframe (Hours Range) (required)

      Enter the delivery timeframe (hours range).

      Example: between the hours of 8:00 a.m. and 2:00 p.m.

    • Delivery Contact Phone Number (required)

      Enter the delivery contact's phone number.

      Example: (602) 555-1234

    • Price Options (required)

      Select the option(s) appropriate for this document.

    • Fixed Price Term (required)

      Enter the fixed price term (years, months, or days) in lowercase.

      Example: one-year, or six-months, or ninety-days

    • Catalog Price Adjustment - Number of Copies (required)

      Enter the number of copies of a revised price list that will be required to be submitted with a price adjustment request.

      Capitalize the first letter of the first word.

      Example: One

      If this is not a requirement, this question may be skipped by typing N/A.

    • SPECIAL TERMS AND CONDITIONS (APPLICABLE TO MOST AGREEMENTS) (required)

      Options should be applicable to most agreements. Select as appropriate.

      Please review the selected subsections in detail to ensure that they are relevant to this solicitation. Several areas have options which are dependent on the scope.

      Allow adequate time for an attorney to address potential legal issues, of any, including redlines if you wish to change or insert any language.

    • Method of Payment - Frequency (If periodic invoicing is applicable) (required)

      Enter the frequency of payment in lowercase.

      Example: one-year, or six-months, or ninety-days

      If this is not a requirement, this question may be skipped by typing N/A.

    • Delivery Date (required)

      Please enter the date that delivery is required by.

      Example: March 1, 2022.

      If this is not a requirement, this question may be skipped by typing N/A.

    • MISCELLANEOUS OPTIONAL ITEMS

      Select as appropriate.

      Please review the selected subsections in detail to ensure that they are relevant to this document. Several areas have options which are dependent on the scope.

      Allow adequate time for an attorney to address potential legal issues, of any, including redlines if you wish to change or insert any language.

    • Liquidated Damages Amount (required)

      Enter the dollar amount of the liquidated damages to be collected.

      Note: Consult with your Procurement Manager and the Department to determine the appropriate amount.

      Example: $50.00

      If this is not a requirement, this question may be skipped by typing N/A.

    • Procurement Reports - Frequency (required)

      Enter the frequency with which the Contractor should submit procurement reports.

      Example: monthly, quarterly, yearly

      If this is not a requirement, this question may be skipped by typing N/A.

    • Procurement Reports - Day of the Month Due (required)

      Enter the day of the month that procurement reports are due from the Contractor.

      Example: 15th

      If this is not a requirement, this question may be skipped by typing N/A.

    • Warranty - Repair Response Time (required)

      Enter the reasonable number of hours or days (in lowercase) within which a Contractor should respond. If you are unsure, please consult with the Department.

      Example: four hours or one business day

      If this is not a requirement, this question may be skipped by typing N/A.

    • Warranty - Term (required)

      Enter the minimum period of years (in lowercase) from the date of acceptance by the City that a Contractor's warranty should be fully guaranteed.

      Example: two

      If this is not a requirement, this question may be skipped by typing N/A.

    • GENERALLY PERTAINING TO MATERIALS

      Select as appropriate.

      Please review the selected subsections in detail to ensure that they are relevant to this document. Several areas have options which are dependent on the scope.

      Allow adequate time for an attorney to address potential legal issues, of any, including redlines if you wish to change or insert any language.

    • Equipment Installation Property Address(es) (required)

      Enter the property address(es) where equipment shall be installed.

      If this is not a requirement, this question may be skipped by typing N/A.

    • Training - Duration (required)

      Enter the required duration in hours/days (in lowercase) of onsite training to be provided by the Contractor.

      Example: eight hours

      If this is not a requirement, this question may be skipped by typing N/A.

    • Training - Number of Staff to be Trained (required)

      Enter the minimum number of staff / City personnel to be trained (in lowercase) to assure proper operation and utilization of the equipment.

      Example: three

      If this is not a requirement, this question may be skipped by typing N/A.

    • GENERALLY PERTAINING TO SERVICES

      Select as appropriate.

      Please review the selected subsections in detail to ensure that they are relevant to this document. Several areas have options which are dependent on the scope.

      Allow adequate time for an attorney to address potential legal issues, of any, including redlines if you wish to change or insert any language.

    • GENERALLY PERTAINING TO ENVIRONMENTAL/SAFETY

      Select as appropriate.

      Please review the selected subsections in detail to ensure that they are relevant to this document. Several areas have options which are dependent on the scope.

      Allow adequate time for an attorney to address potential legal issues, of any, including redlines if you wish to change or insert any language.

    • GENERALLY PERTAINING TO VEHICLE/FLEET

      Select as appropriate.

      Please review the selected subsections in detail to ensure that they are relevant to this document. Several areas have options which are dependent on the scope.

      Allow adequate time for an attorney to address potential legal issues, of any, including redlines if you wish to change or insert any language.

    • Warranty - Fleet Services - Labor Reimbursement (required)

      Enter the current warranty hourly labor reimbursement rate.

      Example: $70.00

      If this is not a requirement, this question may be skipped by typing N/A.

    • Warranty - Fleet Services (required)

      Enter the minimum of years, hours, and miles that vehicles supplied shall be fully warranted by the manufacturer against mechanical and electrical defects.

      Example: three years, 200 hours, and 36,000 miles

      If this is not a requirement, this question may be skipped by typing N/A.

    • GENERALLY PERTAINING TO WATER SERVICES

      Select as appropriate.

      Please review the selected subsections in detail to ensure that they are relevant to this document. Several areas have options which are dependent on the scope.

      Allow adequate time for an attorney to address potential legal issues, of any, including redlines if you wish to change or insert any language.

    • Include Federal Contract Clauses - Housing HUD Specific? (required)
    • Include Federal Contract Clauses - Public Transit FTA Specific? (required)
    • Include Special Program - Supplemental Terms and Conditions? (required)
    • Special Program - Supplemental Terms and Conditions (required)
    • DEFENSE AND INDEMNIFICATION (required)

      LAW DEPARTMENT APPROVED INDEMNIFICATION LANGUAGE

      (Revised August 2020)

      If applicable, Environmental Services Contracts and Technology Software/Hardware Contracts selections shall be used in addition to the appropriate Indemnification clause.

    • INSURANCE SPECIFICATIONS BY CONTRACT TYPE (required)

      Choose the best and most comprehensive option based on the contract type.

      If additional insurance policies are required or if you have questions as to whether additional insurance policies are required, please consult with Finance Risk Management and the Law Department.

    • Construction, Engineering & Design Contracts (required)

      Verify the selected options in detail to ensure that they are relevant to this document. If you are unsure, please consult Finance Risk Management.

    • Professional Services Contracts (required)

      Verify the selected options in detail to ensure that they are relevant to this document. If you are unsure, please consult Finance Risk Management.

    • Services Contracts (required)

      Verify the selected options in detail to ensure that they are relevant to this document. If you are unsure, please consult Finance Risk Management.

    • Crime Insurance (or Fidelity Bond)

      Enter the Crime Insurance (or Fidelity Bond) amount.

      Example: $250,000

      If this is not a requirement, this question may be skipped.

    • Commercial Lease / Rental Agreements (required)

      Verify the selected options in detail to ensure that they are relevant to this document. If you are unsure, please consult Finance Risk Management.

    • Use of City Premises (required)

      Verify the selected options in detail to ensure that they are relevant to this document. If you are unsure, please consult Finance Risk Management.

    • Commodity Purchase Contracts (required)

      Verify the selected options in detail to ensure that they are relevant to this document. If you are unsure, please consult Finance Risk Management.

    • Environmental Services & Consulting Contracts (required)

      Verify the selected options in detail to ensure that they are relevant to this document. If you are unsure, please consult Finance Risk Management.

    • Insurance-related Communications (required)

      Please enter the mailing and/or email address that insurance-related communications/documents should be sent.

      Example: City of Phoenix Finance Department, Procurement Division, 251 W Washington Street, Phoenix, AZ 85003 OR procurement@phoenix.gov

    • Is this solicitation/contract for technology? (required)
    • Will the vendor’s solution or staff process, store, transmit, or have access (including view-only or support access) to City personal data at any point (e.g., in a vendor-hosted/SaaS system, logs, backups, integrations, or remote support)? (required)
    • Is punchout catalog integration a viable option for this contract? (required)

      Includes Punchout Catalog Integration clause in the Special Terms and Conditions section

    • Submittals Section
    • Offer In Effect Period (required)

      Enter the number of calendar days from the opening date that an offer will remain in effect.

      Example: 180

    • Do you anticipate receiving catalogs and/or price lists? (required)
    • Catalogs and/or Discount from Published Price List (required)
    • Additional Quantities

      Enter the date prior to which additional quantities may be requested from the Contractor.

      Example: May 25, 2025

    Key dates

    1. April 17, 2026Published
    2. May 8, 2026Responses Due

    AI classification tags

    Frequently asked questions

    SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.

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