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County of Ocean·New Jersey

OCIA: Bond Counsel Services

Closes 11/13/2026$50k – $200kRequest for Qualification
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Description

The Ocean County Improvement Authority (OCIA) is seeking qualified vendors to serve as Bond Counsel for a one‑year term (Feb 1 2027 – Jan 31 2028). The selected counsel will provide comprehensive legal services related to the authorization, issuance, sale, and delivery of municipal bonds, including document preparation, legislative review, bond‑rating support, compliance monitoring, litigation representation, and advisory opinions. Vendors must demonstrate at least two years of bond‑counsel experience, particularly with New Jersey improvement authorities, and submit a single electronic proposal by 4:00 PM on November 13 2026. Evaluation will consider qualifications, experience, understanding of scope, proximity to OCIA offices, and submission completeness. The contract is a professional services agreement with standard insurance and indemnity requirements; award is expected within 60 days of proposal receipt. • Scope: legal drafting, review, and advisory services for municipal bond transactions • Term: 12 months (Feb 1 2027 – Jan 31 2028) • Submission: electronic only, one proposal per vendor, deadline Nov 13 2026 4 PM • Minimum experience: 2 years bond‑counsel work, NJ‑specific experience preferred • Evaluation criteria: qualifications (30%), experience/references (30%), understanding of scope (20%), location (10%), completeness (10%) • Insurance: $500k/$1M CGL, $100k contractor liability, workers’ comp per NJ law, $1M auto liability • Award: within 60 days of receipt; contract may be extended or renewed at Authority’s discretion.

Attached files

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

Contact

Jessica Hannold

[email protected]

(732) 929-2103

Key dates

Opened
10/21/2026
Closes
11/13/2026
Duration
12 months

Last updated

Details

Type
Request for Qualification
Industry
Consulting Services
NAICS
541110

Budget estimate

$50,000 – $200,000

The solicitation does not disclose a fee schedule. Typical municipal bond counsel fees range from 0.25% to 0.75% of the total bond issuance amount, plus fixed hourly rates for supplemental services. Assuming OCIA issues bonds in the $10 million‑$30 million range (common for county improvement authorities), the total counsel fee could fall between $25,000 and $225,000. Adding potential hourly work for litigation or special opinions could raise the upper bound. Therefore, a reasonable estimate is $50,000 – $200,000 for the 12‑month contract. Factors influencing the final amount include the size of the bond program, complexity of the legal issues, and any litigation that may arise.

AI estimate from the solicitation

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