Service scope & responsibilities

Commercial analysis and funding research. RW HAN evaluates market demand, operating scenarios, project budgets, and potential funding sources. These services do not include recommending the structure, timing, or terms of municipal securities or covered municipal financial products, soliciting securities investors, placing securities, or providing investment advice. Such work requires a separately engaged, appropriately registered provider or a specifically applicable lawful exemption. Where relevant, financing assumptions are supplied by the client or its authorized financial advisor and identified as such. RW HAN does not independently recommend bond structures, interest-rate assumptions, issuance timing, or financing terms in unsolicited proposals, feasibility models, or comparisons of procurement options. Any proposed municipal-securities-related analysis is referred to counsel and an appropriately registered advisor to determine the required scope and authorization before work proceeds.

Independent professional responsibility. RW HAN coordinates objectives, information, schedules, and administrative deliverables. Engineering analysis, technical feasibility, design, certification, and professional supervision remain with authorized providers. Legal interpretation, legal instrument and contract drafting, advice on legal rights, and legal compliance determinations remain with counsel. RW HAN’s procurement support is limited to commercial input, scheduling, information organization, and administrative coordination; the owner and its counsel determine procurement authority, legal requirements, and concession or lease terms. Construction performance and contractor responsibilities remain with appropriately licensed contractors.

Analysis, not assurance. Commercial forecasts and economic-impact estimates are based on stated assumptions. Third-party assessment of those commercial assumptions is not an audit, attestation, financial-statement review, or guarantee of funding or results. RW HAN does not provide accounting assurance, certify financial information, or express opinions on the reliability of financial statements. Accounting assurance services are separately engaged with appropriately licensed providers.

Engagement-specific roles. The client, scope, compensation, authorizations, and responsibilities are established before work begins. Relevant ownership interests, affiliations, supplier relationships, referral compensation, and procurement fees or margins are disclosed before recommendations or purchasing decisions. Potential conflicts involving an advisory role and a developer or supplier interest are evaluated with the client and its counsel under applicable procurement requirements. A conflicting role is declined or limited where required; disclosure alone does not make a prohibited arrangement permissible. The agreed services and actual activities must remain within those boundaries; another firm’s credentials do not confer professional authorization on RW HAN.