Request for Proposals - Direct Pay Letter of Credit

General Information
BAVN ID: 39616
Category: Personal Services
Type: Request For Proposal
Description: Los Angeles World Airports (“LAWA” or the “Department”), is requesting banks to submit proposals to provide direct pay letters of credit (“LOCs”) to support its existing $500 million commercial paper program (the “CP Program”) for Los Angeles International Airport (“LAX”).The LOCs will replace or renew the existing LOCs provided by Barclays Bank PLC, Sumitomo Mitsui Banking Corporation, and Wells Fargo Bank, N.A. The new LOC’s will continue to support the full $500 million CP Program.

All questions regarding the RFP must be submitted in writing to Alina Slamar at no later than Friday, May 1, 2020, 5:00 PM. Pacific Time.

RFP Submission Due Date: Friday, May 22, 2020, 3:00 PM Pacific Time
NAICS: 521110: Monetary Authorities - Central Bank
522110: Commercial Banking
522120: Savings Institutions
522130: Credit Unions
522190: Other Depository Credit Intermediation
522210: Credit Card Issuing
522220: Sales Financing
522291: Consumer Lending
522293: International Trade Financing
522298: All Other Nondepository Credit Intermediation
522320: Financial Transactions Processing, Reserve, and Clearinghouse Activities
522390: Other Activities Related to Credit Intermediation

* The current status is 'Closed'. The City is performing the technical evaluations of the bids/proposals that were submitted prior to the Bid Due date and time.
No meetings scheduled

Status: Closed *
Posted: 04/21/20
Bid Due: 05/22/20 3:00 PM

Dept: Airports, Los Angeles World
Name: Alina Slamar


Date Title
05/18/20 ADDENDUM No. 2 Dated: May 18, 2020
Responses to Questions submitted by the due date May 18, 2020

04/30/20 Addendum No. 1
Please see Addendum No. 1 for Responses to Questions Submitted through April 30, 2020.


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Scope of Work Documents Uploaded Size
LAWA RFP For Direct Pay Letter of Credit 2020.pdf 04/21/20 3:04 PM 3.56 MB
Additional Documents Uploaded Size
Addendum 1 - RFP For Direct Pay LOC.pdf 04/30/20 5:33 PM 93.0 KB
Addendum No. 2 Direct PAY LOC   * 05/18/20 3:53 PM 140.0 KB