The University of Akron issued a Request for Proposal (RFP) for Bond Underwriting/Investment Banking Services. The RFP was not awarded to any of the respondents, and instead, the University decided to proceed with a direct purchase through JP Morgan Chase under a different RFP (#2012-01-1654). The scope of work for this contract includes providing bond underwriting and investment banking services to the University. The key factors considered by the University in making this decision included the economic advantage of the approach.
• The RFP was issued on February 3, 2012, and the bid submission date was February 10, 2012.
• The University considered multiple factors before making the decision not to award the contract.
• The contract was not awarded to any of the respondents, and instead, the University proceeded with a direct purchase through JP Morgan Chase.
• The University encourages participation in future proposals.