What common information should a Municipal Advisor’s RFP request from previous clients?

Requesting three references in a Municipal Advisor’s RFP is standard because it provides a balanced view of the advisor’s experience and performance. Three references offer sufficient breadth to evaluate the advisor's capabilities while ensuring the feedback comes from clients who have had direct exposure to the advisor’s work. This number strikes a balance between gathering enough information to assess reliability, effectiveness, and professionalism, while not being overwhelming or difficult for the responding party to provide.

Having references is crucial as they can provide insights into the advisor's competence, management style, and the quality of their outputs. Trust in a Municipal Advisor often hinges on the aforementioned aspects, making this information particularly valuable for decision-makers looking for a reliable partner in debt management and financing strategies.

While personal references might provide insights into character, and financial statements may offer a glimpse into the advisor’s operational stability, they don't directly reflect the advisor's performance in similar municipal advisory roles. Past project details can also be informative, but references specifically focus on the client's hands-on experience, which is key for any municipal financial deal process. Therefore, three references combine reliability and informative value, making them the most relevant request in this context.