Meeting_Body
REVISED
PLANNING AND PROGRAMMING COMMITTEE
SEPTEMBER 18, 2019
Subject
SUBJECT: PUBLIC-PRIVATE PARTNERSHIP (P3) FINANCIAL ADVISORY SERVICES BENCH
Action
ACTION: AWARD BENCH CONTRACTS
Heading
RECOMMENDATIONS
Title
AUTHORIZE the Chief Executive Officer (CEO) to:
A. AWARD AND EXECUTE five bench Contracts listed below for P3 Financial Advisory Services for a five-year base period in the overall funding amount of $25 million, subject to resolution of protest(s), if any:
1. Arup Advisory, Inc (PS61431000)
2. Deloitte Transactions and Business Analytics Analysis LLP (PS61431001)
3. Ernst & Young Infrastructure Advisors, LLC (PS61431002)
4. Public Financial Management Financial Advisors LLC (PS61431003)
5. Sperry Capital Inc. (PS61431004)
B. APPROVE Contract Modification Authority (CMA) in the amount of 20% specific to Contract Nos. PS61431000 through PS61431004 to support the cost of unforeseen issues that may arise during the course of the Contract; and
C. EXECUTE Task Orders under these Contracts for P3 Financial Advisory Services in a total amount not to exceed $25 million.
Issue
ISSUE
LA Metro requires specialized financial consulting services from qualified firms to support the potential use of Public-Private Partnerships (P3) and other alternative delivery models for a variety of transportation-related projects, including but not limited to highway and transit capital, transportation-ancillary facilities, and mobility technology.
The bench of qualified firms shall provide financial expertise and associated resources and deliverables to assist Metro in identifying and evaluating projects where alternative or P3 delivery might offer benefits, advancing these projects through feasibility analysis, pre-procurement and project development phases to procurement, as well as potential post-procurement, implementation, and administration project phases.
Task orders will be awarded to a contractor from the bench at the completion of a compe...
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