Government Contract | Pennsylvania
Arbitrage Computation Provider

Bid Information

Bid Alert No: 00000539309

Bid Title: Arbitrage Computation Provider

Agency Bid No. Title: 406103602

Received Date: 04/11/2016

Close Date: 04/22/2016

Purchase Type: Term:

Delivery Point: Philadelphia, Pennsylvania

Delivery Date: Not Stated

Special Notices: Questions Due By 04/14/2016 05:00 PM


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).

Product Codes: 94630, 94600

Agency Information

Issuing Agency: City of Philadelphia

State: Pennsylvania

Agency Type: State and Local

Contact: Matthew Mazza




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