Government Contract | New Jersey

Bid Information

Bid Alert No: 00000406508


Agency Bid No. Title: CY-XS-0017-16

Received Date: 10/30/2015

Close Date: 11/18/2015

Purchase Type: Not Stated

Delivery Point: Somerset County, New Jersey

Delivery Date: Not Stated

Special Notices: Bidder Preregistration


Specifications include, but are not limited to:The following are the minimum threshold requirements for persons and/or firms to be considered forthe above:1. Have a minimum of five (5) years of experience in providing financial advisory services tosimilar government entities.Requested financial advisory services may include, but are not limited to:1. Consulting on the issuance of taxable and non-taxable general obligation debt. Providingsensitivity analysis of different interest rates on financing plans. Managing the bond financingprocess and negotiating key business points to accomplish Somerset Countys Objectives.2. Developing a plan of finance and preparing financing schedules, which would includerecommendations as to the timing of bonds to be issued. Coordinating with bond counsel andthe finance team in recommending structure, specific terms and conditions of a debt issue.Presenting information regarding methods of sale, including publicly offered and privatelynegotiated options.3. Managing competitive or negotiated sale process. Providing advice the on both the advantagesand disadvantages of competitive vs. negotiated sales. For negotiated sales, providingassistance in the selection of investment banking firms and underwriters to successfully marketthe issue. Providing advice as to the acceptance or rejection of bids to purchase the bondsreceived at public sales, or the bond purchase agreements received through a negotiated basis.After the bid is awarded, prepare an actual debt service table based on accepted coupon rates.4. Participate in rating agency presentations and preparation of Notice of Sale and OfficialStatements.5. Provide independent financial advice and serve solely the interests of the County.6. Provide as-needed financial advice regarding market conditions and trends and financialproducts. Provide other financial services as requested.7. Due to inherent conflicts of interest, the firm selected as financial advisor will not be allowed toresign in order to serve as underwriter for any proposed transactions

Bid Related Documents

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Product Code: 94648

Agency Information

Issuing Agency: County of Somerset

State: New Jersey

Agency Type: State and Local

Contact: 20 Grove Street, Somerville, New Jersey, 08876



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