File #: 2020-0449   
Type: Informational Report Status: Consent Calendar
File created: 6/29/2020 In control: Board of Directors - Regular Board Meeting
On agenda: 10/22/2020 Final action:
Title: AUTHORIZE the Chief Executive Officer (CEO) to: A. AWARD six, five-year base on-call contracts with two, one-year option terms, for Regional Rail Strategic Financial Advisory On-Call Services to the firms listed below for a total not-to-exceed amount of $6 million for the initial five-year base contract and $1 million for each one-year option term, for a total not-to-exceed cumulative amount of $8 million, subject to resolution of protest(s) if any. Discipline 1: Financial Advisory Support Services 1. Deloitte Transactions and Business Analytics LLP - Contract No. PS66571-2000 2. Ernst & Young Infrastructure Advisors, LLC - Contract No. PS66571-2001 3. InfraStrategies LLC - Contract No. PS66571-2002 4. Sperry Capital, Inc. - Contract No. PS66571-2003 Discipline 2: Strategic Advisory/Advocacy Services 1. WSP USA, Inc. - Contract No. PS66571-2004 2. Deloitte Transactions and Business Analytics LLP - Contract No. PS66571-2005; and B. EXECUTE or delegate the...
Sponsors: Planning and Programming Committee
Indexes: Budgeting, California High Speed Rail Authority, Call For Projects, Capital Project, Capital Project Funds, Contracts, Grade separations, Grant Aid, High speed rail, Informational Report, Link Union Station, Los Angeles Union Station, Metro Rail A Line, Metro Rail B Line, Metro Rail D Line, Metro Rail L Line, Procurement, Program, Rail transit, Railroad commuter service, Strategic planning
Attachments: 1. Attachment A - Procurement Summary, 2. Attachment B - DEOD Summary
Related files: 2020-0786
Meeting_Body
EXECUTIVE MANAGEMENT COMMITTEE
OCTOBER 15, 2020

Subject
SUBJECT: REGIONAL RAIL STRATEGIC FINANCIAL ADVISORY ON-CALL SERVICES

Action
ACTION: AWARD CONTRACTS

Heading
RECOMMENDATION

Title
AUTHORIZE the Chief Executive Officer (CEO) to:

A. AWARD six, five-year base on-call contracts with two, one-year option terms, for Regional Rail Strategic Financial Advisory On-Call Services to the firms listed below for a total not-to-exceed amount of $6 million for the initial five-year base contract and $1 million for each one-year option term, for a total not-to-exceed cumulative amount of $8 million, subject to resolution of protest(s) if any.

Discipline 1: Financial Advisory Support Services

1. Deloitte Transactions and Business Analytics LLP - Contract No. PS66571-2000
2. Ernst & Young Infrastructure Advisors, LLC - Contract No. PS66571-2001
3. InfraStrategies LLC - Contract No. PS66571-2002
4. Sperry Capital, Inc. - Contract No. PS66571-2003

Discipline 2: Strategic Advisory/Advocacy Services
1. WSP USA, Inc. - Contract No. PS66571-2004
2. Deloitte Transactions and Business Analytics LLP - Contract No. PS66571-2005; and

B. EXECUTE or delegate the execution of Task Orders within the approved not-to-exceed cumulative value of $8 million.

Issue
ISSUE

The Metro Regional Rail Program requires strategic financial advisory services to provide innovative strategies to bridge the funding gap for capital regional rail projects that integrate commuter rail, intercity rail, and future high speed rail in the Metro-owned railroad corridors especially since all these projects are not listed in the Measure M program. Upon the award of the on-call contracts, individual task orders will be issued to the selected firms on a rotating basis, based on previously Metro board authorized funding.

Background
BACKGROUND

The Metro Regional Rail Program includes commuter and intercity rail capital projects in Los Angeles County, in coord...

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