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Connecticut City of New London·Connecticut

Outsourced Controller Services for the Water Street Parking Garage Expansion Pr

Closes 12/1/2026$200k – $500kRequest for Proposal
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Description

The City of New London is seeking an external financial controller to manage the accounting, budgeting, and financial reporting for the Water Street Parking Garage expansion project. The garage will add roughly 250 parking spaces to support the new Coast Guard Museum, which is slated to open in August 2027. Construction is expected to break ground in summer 2027 and be completed 12‑18 months later. The contractor will be responsible for overseeing all financial aspects of the project, including cost tracking, invoicing, compliance with state procurement rules, and coordination with the city’s finance department. • Scope: Full‑cycle controller services for a $‑scale public parking‑garage construction project. • Timeline: Participation begins 2026‑10‑27; contract work starts summer 2027; project duration ≈ 15 months. • Deliverables: Monthly financial statements, budget variance reports, cash‑flow forecasts, audit support, and final close‑out documentation. • Location: New London, Connecticut; on‑site coordination may be required. • Eligibility: Open to all vendors; no mandatory pre‑bid meeting or site visit.

Attached files

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

Contact

Joshua Montague

[email protected]

Key dates

Opened
10/28/2026
Closes
12/1/2026
Duration
15 months

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
541611
Solicitation №
2027-03 CONL

Budget estimate

$200,000 – $500,000

No explicit contract value is disclosed. Based on typical rates for outsourced controller services on a mid‑size municipal construction project (≈ $250 M total construction cost), annual fees often range from 0.1 % to 0.2 % of project cost. That suggests a total compensation between $200,000 and $500,000 for the 12‑18 month engagement, depending on the depth of reporting, staffing levels, and any audit‑support requirements.

AI estimate from the solicitation

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