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  5. ›Addendum 1

Rhode Island Turnpike and Bridge Authority·Rhode Island

Addendum 1

Closes 12/3/2025$1M – $2MRequest for Proposal
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Description

The Rhode Island Turnpike and Bridge Authority is seeking a senior managing underwriter for its surface transportation bond issues. The selected proposer will be required to provide rankings for senior managed and co-managed experience, and may also provide rankings for co-senior managed experience if available. The proposal should be no more than ten double-sided pages, or 20 electronic pages. The authority has provided answers to questions posed by prospective proposers, including confirmation of the page limit and the acceptability of alternative authorized signatories for Attachment A. • The proposal should include firm rankings for senior managed and co-managed experience. • The authority requires respondents to keep proposals to a maximum of ten double-sided pages. • The closing date for proposals is 3/2/2026. • Alternative authorized signatories, such as the chief counsel or chief compliance officer, are acceptable for Attachment A.

Attached files

Contact

[email protected]

(401) 423-0800

Key dates

Opened
11/21/2025
Closes
12/3/2025

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522320
Solicitation №
RFP 25-08 A1

Budget estimate

$1,000,000 – $2,000,000

The budget for this opportunity is difficult to estimate without more information about the scope of the project and the authority's budget. However, based on the fact that the authority is seeking a senior managing underwriter for its surface transportation bond issues, it is likely that the budget will be substantial. The authority may be looking to issue bonds worth tens or hundreds of millions of dollars, and the underwriter's fee is typically a percentage of the total bond issue. Assuming a bond issue of $100 million and an underwriter's fee of 1-2%, the budget for this opportunity could be in the range of $1-2 million. However, this is a very rough estimate and the actual budget could be higher or lower, depending on the specifics of the project and the authority's budget.

AI estimate from the solicitation

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