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  5. ›BOND UNDERWRITING SERVICES

Awarded contract·Los Angeles Community College District·California

BOND UNDERWRITING SERVICES

Won by BofA Securities, Inc. +11 more$12MAwarded 7/20/2026Multiple Award
Contract source

Awarded vendors

  • BofA Securities, Inc.
  • Barclays Capital, Inc.
  • Goldman Sachs & Co. LLC
  • J.P. Morgan Securities LLC
  • Jefferies LLC
  • Morgan Stanley & Co. LLC
  • Piper Sandler & Co.
  • Ramirez & Co.
  • Raymond James & Associates
  • RBC Capital Markets, LLC
  • Siebert Williams Shank & Co., LLC
  • Stifel, Nicolaus & Company, Inc.

Description

The Los Angeles Community College District issued RFP 26‑03 seeking comprehensive municipal‑bond underwriting services for a five‑year term. The District will award contracts to twelve major investment‑banking firms to serve on an underwriting pool that will handle both tax‑exempt and taxable bond issuances, including a $300 M General‑Obligation program and a $50 M taxable financing. Proposers must submit detailed fee structures, past performance data, and a suite of required certifications, and must attend a mandatory pre‑proposal conference on June 4 2026. The contract period runs from August 6 2026 through July 30 2031, with the possibility of extensions at the District’s discretion. • Scope includes bond pricing, marketing, placement, post‑sale reporting, and advisory services. • Mandatory deliverables: non‑collusion affidavit, discrimination certificate, Russian sanctions certification, SLEDV certification, and other exhibits. • Evaluation weighted on qualifications, approach, personnel, corporate citizenship, past performance, and SLEDV status, requiring a minimum 85‑point score for bench placement.

Attached files

Key dates

Questions due
6/9/2026
Pre-bid meeting
6/4/2026Mandatory
Bids closed
6/25/2026
Awarded
7/20/2026
Starts
8/6/2026
Ends
7/30/2031Renews
Duration
5 years

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Solicitation
Request for Proposal
Industry
Financial Services
NAICS
523110
Solicitation №
RFP NO. 26-03

Contract value

$12,000,000

No explicit contract dollar amount is disclosed. The solicitation anticipates underwriting of a $300 M tax‑exempt GO bond and a $50 M taxable issuance over the contract term. Municipal‑bond underwriting fees typically range from 0.5% to 1.0% of the principal amount. Applying a mid‑range fee of 0.75% yields roughly $2.6 M per issuance. Assuming multiple issuances over five years (e.g., one large GO issue plus several smaller refinancings), the cumulative fee revenue could be in the $8 M–$12 M range. Adding reasonable overhead, compliance, and staffing costs, a ballpark contract value of about $12 M is a defensible estimate.

AI estimate from the award documents

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