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Awarded contract·Benton County·Arkansas

BOND UNDERWRITER RFQ

Won by Crews & Associates$100kSingle Award
Contract source

Awarded vendors

  • Crews & Associates

Description

This RFQ solicits qualified bond underwriters to structure, market, and sell municipal bonds for a jail‑expansion project in Benton County, Arkansas. The county seeks a full‑service underwriter capable of handling bond issuance logistics, credit rating coordination, and post‑sale administration. Submissions were required by 30 Mar 2022 and were to be delivered in hard‑copy to the county administration building. Evaluation will focus on the underwriter’s qualifications, proposed financing structures, and pricing. The award was later recorded as going to Crews & Associates, though the award details (date, value, contact) are not disclosed. • Scope includes bond structuring, financial analysis, market timing, rating procurement, sale execution, and administrative support. • Selection criteria emphasize prior municipal‑bond experience (especially in Arkansas), staff expertise, and cost‑effectiveness of the financing plan. • No budget, fee schedule, or contract term is provided in the solicitation.

Attached files

Key dates

Bids closed
3/30/2022

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
523130

Contract value

$100,000

The solicitation does not disclose a contract value. Bond underwriting fees are typically expressed as a percentage of the total bond issuance, often ranging from 0.25% to 1.0% of principal. Assuming the jail expansion will be financed with roughly $10 million in bonds (a modest size for a county‑level facility), a 0.5% underwriting fee would amount to $50,000. Adding ancillary costs for marketing, rating, and administrative services could bring the total contract value to between $75,000 and $125,000. Given the lack of precise figures, a reasonable ball‑park estimate is about $100,000.

AI estimate from the award documents

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