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Arkansas Office of State Procurement·Arkansas

Financial Manager

Closes 4/1/2024$2M – $8MRequest for Proposal
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Description

The Office of State Procurement is seeking a Financial Manager to administer and grow the Charter School Revolving Loan Fund Program. The program aims to provide funding for Arkansas Charter Schools to improve educational facilities. The selected contractor will be responsible for sponsoring, administering, and managing the program, including structuring loans, underwriting charter school obligors, servicing loans, and monitoring loan performance. The contractor will also provide additional capital to leverage the initial grant investment and develop rules and regulations for the program. Key requirements for the contractor include: • Three years of experience working with programs similar to the size, scope, and complexity of this RFP • 501(c)(3) tax-exempt status • Experience lending to Charter Schools in Arkansas • Ability to raise external capital to support the Revolving Loan Fund Program • Knowledge of State of Arkansas procurement rules and applicable statutes The contractor will be required to submit a Technical Proposal Packet, including a signed proposal signature page, technical proposal response, completed fee schedule, and other supporting documents.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Cyndle Jump(Procurement Specialist)

[email protected]

(501) 324-9314

Key dates

Opened
3/12/2024
Questions due
3/19/2024
Closes
4/1/2024
Projected award
7/1/2024
Duration
4 years

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
523930
Solicitation №
S000000298

Budget estimate

$2,000,000 – $8,000,000

The initial grant investment for this program is $10,000,000.00. Considering the scope and complexity of the project, the potential budget for the selected contractor could range from $500,000 to $2,000,000 per year, depending on the services provided and the level of external capital raised. The total budget over the four-year contract period could be between $2,000,000 and $8,000,000. Factors influencing the budget include the contractor's ability to raise external capital, the number of charter schools participating in the program, and the interest rates and fees associated with the loans.

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