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Awarded contract·Benton County·Arkansas

BOND COUNSEL RFQ

Won by Friday, Eldredge & Clark, LLP$150kSingle Award
Contract source

Awarded vendors

  • Friday, Eldredge & Clark, LLP

Description

This RFQ solicits bond‑counsel services for the financing of a new jail expansion in Bentonville, Arkansas. The selected firm will act as the County’s sole legal point of contact for all bond‑related matters, prepare financing alternatives, ensure compliance with Arkansas statutes, draft required legal documents, provide opinions, and assist with any related litigation. Minimum qualifications require at least five years of bond‑counsel experience and ten years in business, along with malpractice insurance. The procurement was conducted via a public RFQ with a submission deadline of March 30, 2022, and the contract was ultimately awarded to Friday, Eldredge & Clark, LLP. • Scope includes planning, structuring, documentation, and legal advice for municipal bond issuance. • Evaluation criteria focus on technical competence, experience, capacity, past performance, and local familiarity. • No contract value, start, or end dates are disclosed in the public documents.

Attached files

Key dates

Bids closed
3/30/2022

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Legal Services
NAICS
541110

Contract value

$150,000

No explicit contract dollar amount is disclosed. Bond‑counsel engagements for municipal projects of this size typically range from $50,000 to $250,000 depending on complexity, the number of financing alternatives required, and any litigation support. Given the county’s budget size (> $66 million) and the high‑profile nature of a jail expansion, a mid‑range estimate of roughly $150,000 is reasonable. This accounts for legal opinion drafting, document preparation, advisory services, and potential litigation handling.

AI estimate from the award documents

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