Economic Development and

Opportunities in Alaska

• Development Finance Authority created as a public corporation of the State of Alaska in 1967

• AIDEA is self funded and receives no General Fund assistance

• Semi independent entity, overseen by a seven member Board

• AIDEA currently has approximately $1.3 billion in assets under management.

• AIDEA has ownership in 8 Alaskan projects.

• Maintains a small core staff which utilizes outside expertize as projects require

Overview

To promote, develop, and advance economic growth and diversification in Alaska by providing various means

of financing and investment.

Mission

AIDEA fulfills its mission by providing access to affordable, long-term, asset financing

Credit Ratings & Financial Position

AIDEA’s credibility with the Rating Agencies has

yielded reduced borrowing costs and

market credibility

380

37631

410

133

AIDEA Revolving Fund Assets$ million

Investment Portfolio Outstanding Loans

Loans (committed to be funded) Projects (Value)

Projects (committed to be funded)

$1.33 Billion

AIDEA has repaid the State all of its initial capitalization funds through its

annual dividend program

Annual Dividend

FY 2014 dividend declared

Total dividends declared$373.5

million

$17.6 million

Programs

• Natural Resource Extraction and Processing

• Community Public Purpose Facilities

• Transportation and Logistics

• Commercial Real Estate

• Tourism/Recreation

• Communications

• Federal Facilities

• Manufacturing

• Infrastructure

• Healthcare

• Utilities

• Energy

• Retail

AIDEA Assists in Financing

Procurement Department

The Procurement Department

• Is responsible for the acquisition of supplies, services, and construction in support of both AIDEA and the Alaska Energy Authority.

• Is the entity within AIDEA and AEA authorized to issue Invitations to Bid, Requests for Proposal, Requests for Quotation and issue contracts.

• Issues purchase orders, develops term contracts, and acquires supplies and services.

• Also disposes of all surplus property and equipment.

Overall objective is to obtain goods and services expeditiously and economically

Procurement Types

• Appraisals - equipment and real estate

• Feasibility Studies

• Financial Analysis

• General Consulting Services

• Environmental Studies

Construction, small purchases, services …

• Strategic Planning

• Engineering

• Insurance

• Legal Services

• Construction

• Underwriting

• Supplies

www.aideaaeaprocurement.org

AIDEA

Regulatory Authority – 3 AAC 100

• Formal Processes

– Over $100,000

• Informal Processes

– Under $100,000

– Under $25,000

• Sole Source

– Under $5,000

AEAStatutory Authority - AS 36.30

• Formal Processes

– Over $200,000 - Construction

– Over $100,000 – Goods & Services

• Informal Processes

– Under $200,000 - Construction

– Under $100,000

– Under $25,000

• Sole Source

– Under $5,000

Procurement Frameworks

Competitive Process

A. Invitations to Bid

1. Public notice is published on the State of Alaska “online Public Notice” system website. http://aws.state.ak.us/OnlinePublicNotices/

2. A public bid opening is conducted and the results made available for public inspection.

3. Award is made to the lowest, responsive and responsible bidder, with some preference given to qualified Alaskan bidders, unless otherwise prohibited by the funding source.

Formal Processes (Used on all acquisitions over $100,000)

Competitive Process

B. Requests for Proposals

1. Public notice is published on the State of Alaska “online Public Notice” system website. http://aws.state.ak.us/OnlinePublicNotices/

2. Proposals are received, evaluated, scored, and ranked by a committee, with some preference given to qualified Alaskan offerors, unless otherwise prohibited by the funding source. Negotiations are conducted with the highest ranked proposer.

3. If negotiations are successful, award is made to the highest ranked proposer. If unsuccessful with the highest ranked proposer, negotiations are terminated. Then negotiations with the second highest ranked proposer may be conducted, and so on.

4. This is a negotiated process; therefore, all evaluations, scorings, and negotiations are kept confidential until after award of a contract. However, the recommended awardee's proposal may be reviewed by a competing proponent, after issuance of an intent to award by the procurement department.

Formal Processes (Used on all acquisitions over $100,000)

Competitive Process

A. Requests for Quotations

1. An informal written solicitation primarily used for small construction projects, services and supplies with lengthy specifications, and other small but more complex requirements.

2. After the due date is passed, quotes are evaluated and award made to the low responsive and responsible offeror, with some preference given to qualified Alaskan offerors.

Informal Processes (May be used on acquisitions under $100,000)

Competitive Process

B. Other methods (telephone, facsimile or verbal)

1. Whenever practicable at least three quotes are solicited.

2. Quotes received are evaluated and award made to the low responsive and responsible offeror, with some preference given to Alaska offerors, unless otherwise prohibited by the funding source.

3. A record is made of all quotes solicited/received and is available for public inspection.

Informal Processes (May be used on acquisitions under $25,000)

Competitive Process

A procurement officer may contract for supplies, services, professional services, or construction without the use of competitive source selection (3 AAC 100.490)

1. for any contract issued by another state or federal government agency where the authority is authorized to place orders under the terms and conditions of that contract;

2. for a contract where the total cost is not more than $5,000 and the price is fair and reasonable;

3. for a contract that was previously competitively bid, but where only one nonresponsive bid was received and the chief procurement officer determines that negotiation with that bidder is in the best interest of the authority because

4. for a contract where time is of the essence and the chief procurement officer makes a determination that

5. for a contract where the chief procurement officer determines that award of a contract by competitive sealed bidding, competitive sealed proposals, or small procurement procedures is not practicable, and that award to a single source is in the authority's best interests.

Sole Source Contracting

Procurement Contact

Chief Procurement OfficerTom EricksonPh: 907-771-3951Email: terickson@aidea.org

Sr. Contracting Officer – Construction BidsAlthea ClappPh: 907-771-3018Email: aclapp@aidea.org

Contracting Officer – Professional ServicesMichele HopePh: 907-771-3036Email: mhope@aidea.org

Contracts Administrator – Small ProcurementsKristina (Kris) BentlerPh: 907-771-3035Email: kbentler@aidea.org

Contract Compliance SpecialistRichard WootenPh: 907-771-3019Email: rwooten@aidea.org

Procurement AssistantLinda TwetePh: 907-771-3059Email: ltwete@aidea.org

Contracting Officer – Susitna-Watana ProjectAndrew (Andy) MortonPh: 907-771-3990Email: amorton@aidea.org

ebidprocurement@aidea.org

Projects Underway

1. Mustang Operations Center 1, LLC. – 15,000 bpd oil processing plant on North Slope

2. Furie – monopod drill rig for Cook Inlet

3. BlueCrest Energy – large, on-shore drill rig for Cook Inlet oil

4. Interior Energy Project – affordable gas for Interior Alaska

5. Ambler Mining District Industrial Access – 180 mile industrial road

Under Construction or Due Diligence

Potential Projects in Pipeline

1. Blood Bank of Alaska

2. Seward Marine Industrial Center

3. Niblack Mine (Cu, Zn, Au, Ag)

4. Bokan Mountain Rare Earth Element Mine

5. REE Processing Facility in Ketchikan

Under Review or on Radar

Contact

Alaska Industrial Developmentand Export Authority

813 West Northern Lights Blvd.,

Anchorage, Alaska 99503

(907) 771-3000(888)300-8534 (Toll Free in Alaska)

www.aidea.org

#AIDEA