Government

Oversight Board puts out RFP for financial advisory firm

fiscal-control-board-logoThe Financial Oversight and Management Board for Puerto Rico created under the Puerto Rico Oversight, Management and Economic Stability Act issued Sunday a request for proposals for firms interested in providing services to the Board as financial advisor.

The Board will consider submissions from financial advisory, business or enterprise consultant, and investment banking firms.

Areas of expertise that the Board believes relevant in its consideration and selection process of a financial advisor include municipal finance, capital markets, restructuring (in and out of court), litigation support, financial/fiscal planning, forensic accounting, and infrastructure and utilities, but the inability to satisfy all the recommended areas of expertise will not disqualify any proposal, the agency said in a statement released Sunday.

The RFP may be downloaded from the Board’s website: www.oversightboard.pr.gov under the “Documents” section.

The deadline for responses to the RFP from interested service providers is 5 p.m. on Dec. 9.

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This story was written by our staff based on a press release.

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