Government Contract | Pennsylvania
Arbitrage Computation Provider

Bid Information

Bid Alert No: 00000502175

Bid Title: Arbitrage Computation Provider

Agency Bid No. Title: 226143429

Received Date: 03/04/2016

Close Date: 03/24/2016

Purchase Type: 1 year term

Delivery Point:

Delivery Date: Not Stated


Specifications include, but are not limited to:The Office of the City Treasurer is seeking proposals for arbitrage computation services inconnection with the sale and delivery of certain bonds, notes, certificates, or other tax-exemptobligations, including Build America Bonds (collectively, the Bonds). The respondentselected to provide services to the City of Philadelphia (the City) under this opportunity(Successful Respondent) will be required to determine to what extent, if any, the City will berequired to rebate investment earnings of the proceeds of the Bonds to the United States ofAmerica (the Arbitrage Amount) pursuant to the provisions of section 148(f)(2) of the InternalRevenue Code of 1986 (the Code). For purposes of this proposal, the term ArbitrageAmount includes payments made under the election to pay penalty in lieu of rebate for aqualified construction issue under Section 148(f)(4) of the code.The Successful Respondent will also assist in establishing and maintaining Post-Issuance TaxCompliance Policies and Procedures as well as assisting the City in remaining in compliancewith IRS rules and regulations (Tax Compliance)..B. Department OverviewThe CTO is responsible for the management of new and outstanding City debt in accordancewith the City's Debt Management Policies, maximizing the value received from new financingsand minimizing interest and transaction costs; the management of custodial banking for all Cityfunds by encouraging standards and practices consistent with safeguarding City funds; to serveas the disbursing agent for payments from the City Treasury by distribution of checks andelectronic payments in the most modern, secure, effective, and efficient method; and tomaximize the amount of cash available for investment after meeting daily cash requirements,thereby providing a source of revenue to support the City's financial commitments.C. Project BackgroundThe Office of the City Treasurer is seeking responses to this request for proposal (RFP) inorder to select a firm to serve as arbitrage compution provider and assistance with TaxCompliance. The term of the contract shall be for one year with the possibility of up to threeone-year renewals

Product Code: 94648

Agency Information

Issuing Agency: City of Philadelphia

State: Pennsylvania

Agency Type: State and Local

Contact: 1401 JFK Blvd, MSB, Rm 170A, Philadelphia, Pennsylvania, 19102



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