Agency Office of Higher Education

Contractor Springsted Inc.

SWIFT Contract Number B25983

Project Name Financial Advisor

Project Number (if applicable) {Empty}

Summarize purpose of the contract, including why it was necessary: Independent financial advisor to assist with the issuance of bonds and restructuring of Loan Capital Fund debt.

Project Duration

Start Date Wed, 04/15/2009 - 00:00

Original end date Fri, 04/15/2011 - 00:00

Actual end date Tue, 04/15/2014 - 00:00

Did project finish on time? Yes

Total billable hours utilized (if applicable) {Empty}

Contract Amounts

Original contract: $387500

Amendments $0

Contract total $387500

Did project finish within budget? Yes

What was the funding source? 8300 Loan Capital Fund

Is this a sole source contract? No

If this was a single source contract, explain why the agency determined there was only a single source for the services (if applicable) {Empty}

Evaluator Name Danette Jerry

Evaluator Email Address danette.jerry@state.mn.us

Evaluate the contractor's timeliness Contractor was generally on time for bond meetings and investment meetings, and in reviewing bond related documents.

Evaluate the contractor's quality Overall satisfactory. Contractor has a good understanding of the bond process and is familiar with the banks and rating agencies involved in bond issuance. Contractor was very helpful in his assistance with the IRS informational audit, preparation for rating agency meetings and with investor presentations.

Evaluate the contractor's cost Reasonable costs. Not the lowest or highest.

Evaluate the contractor's overall performance Overall satisfactory.

Would you engage the contractor's services again? Yes

Describe any negative action taken during the duration of this contract (i.e., termination, pursuit of suspension, etc.): n/a

Please rate the overall experience with the contractor 4 - satisfied