Bond Underwriting Services

Background
The South Jersey Port Corporation (SJPC) is issuing a Request for Proposals (RFP) for Bond Underwriting Services under the solicitation SJPC RFQ-24-P13.

The goal of this contract is to secure underwriting services for bonds that will fund various projects, with an estimated par amount of bonds to be issued between $150,000 and $200,000. The projects are expected to be public in nature, with potential allocations for AMT Bonds as the final project list is not yet finalized.

Work Details
The contractor will provide bond underwriting services which include preparing to market the bonds, advising on tax allocations related to the bond issuance (tax-exempt/taxable/AMT), and assisting in the development of an amortization schedule.

The projects funded by these bonds are expected to be completed over a timeframe of 3-5 years, with amortization occurring over 30 years after a period of capitalized interest that will not exceed 12 months.

Period of Performance
The period of performance for this contract is expected to span from the initiation of bond issuance until project completion, estimated at 3-5 years, with bond amortization extending over 30 years.

Place of Performance
The geographic location for the performance of this contract is not explicitly stated but will likely be within the jurisdiction served by the South Jersey Port Corporation.