Project Information

Bid Title

Financial Advisor 2026

Issuing Agency

City of Orange Township

Location

New Jersey

Published Date

Jan 16, 2026

Closing Date

Feb 4, 2026

Government Level

State & Local

Status

Closed

Original Source

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Bid Documents

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Project Description

Bid Title:	Financial Advisor 2026
Category:	Bids and Request for Proposals (RFPs)
Status:	Open

Publication Date/Time: 1/16/2026 12:00 AM Closing Date/Time: 2/4/2026 11:00 AM Related Documents: RFP - Financial Advisor 2026

Attachment Preview

CITY OF ORANGE TOWNSHIP

REQUEST FOR PROPOSALS/QUALIFICATIONS FOR

FINANCIAL ADVISOR SERVICES

CITY OF ORANGE

Contract Term

March 1, 2026 through February 28, 2027

SUBMISSION DEADLINE

11:00 A.M.

February 4, 2026

ADDRESS ALL RESPONSES TO:

FINANCE DEPARTMENT, ROOM 206

29 NORTH DAY STREET

ORANGE, NEW JERSEY 07050

ATTN: NILE S. CLEMENTS, QUALIFIED PURCHASING AGENT

Public Notice

Request for Proposals/Qualifications

Notice is hereby given that the City of Orange will receive Responses to the RFP/Q

on Wednesday, February 4, 2026 at 11:00 A.M. in City of Orange, City Hall, 29

North Day Street, Room 206, Orange, New Jersey for the following professional

services:

FINANCIAL ADVISORY SERVICES

Proposals are being solicited through a Fair and Open process in accordance with

N.J.S.A. 19:44A-20.4. Requests for Qualifications/Proposals (RFP/Q) may be

obtained at the City of Orange, 29 North Day Street, Orange, New Jersey 07050,

from Nile S. Clements, Qualified Purchasing Agent, between the hours of 9:00 A.M.

and 4:00 p.m., Monday through Friday. All questions regarding the RFP/Q must be

made in writing and directed to the Qualified Purchasing Agent. Questions may be

faxed to (973) 6740621. Submissions must be made in the form required by the

specifications and one (1) original and five (5) copies must be delivered to reach the

Purchasing Agent prior to the time for the receipt of Proposal. All information

requested in the Request for Proposals must be provided or the submission may be

disqualified. Submissions must be sealed and plainly marked on the outside of the

sealed envelope to the services for which the Proposal is submitted. The City of

Orange Township reserves the right to reject any and all submissions, to waive any

informality in the RFP/Q process, and to accept any submissions which, in their

judgment, are most advantageous, price and other factors considered, and will best

serve the interest of the City of Orange Township. Submitters are required to comply

with the requirements of N.J.S.A. 10:5-31 et seq and N.J.A.C. 17:27.

GENERAL INFORMATION & SUMMARY

ORGANIZATION REQUESTING PROPOSALS

CITY OF ORANGE TOWNSHIP

29 NORTH DAY STREET

ORANGE, NEW JERSEY 07050

CONTACT PERSON

NILE S. CLEMENTS

QUALIFIED PURCHASING AGENT

FINANCE DEPARTMENT, ROOM 206

29 NORTH DAY STREET

ORANGE, NEW JERSEY 07050

(973)952-6113

PURPOSE OF REQUEST

The City of Orange is requesting submissions from qualified individuals and/or

firms to provide financial advisory services of a specialized nature to the City of

Orange. Proposals will be evaluated in accordance with the criteria set forth in this

RFP/Q. One or more individuals/firms may be selected to provide services.

PERIOD OF CONTRACT

March 1, 2026 through February 28, 2027

CONTRACT FORM

The successful Respondent shall be required to execute the City’s form contract,

which includes the indemnification, insurance, termination and licensing

provisions. A complete copy of a draft City form contract is available upon request.

It is also agreed and understood that the acceptance of the final payment by

Contractor shall be considered a release in full of all claims against the City arising

out of, or by reason of, the work done and materials furnished under this Contract.

DETAILED REQUIREMENTS OF THE

REQUEST FOR PROPOSALS/QUALIFICATIONS FOR FINANCIAL ADVISOR

SERVICES

1. CITY OF ORANGE FACTS AND FIGURES – The City of Orange is a municipal

government entity. The City was incorporated in 1806 and operates pursuant to N.J.S.A.

40A:61-1 et seq. The City’s population is approximately 35,000 and it consists of

approximately 2.2 square miles of area. The City employs approximately 400 people in about

9 departments and agencies. It owns various municipal buildings, parks and recreation

facilities. The City’s operating budget is over $85 million. It provides significant and diverse

services to its residents, including those in the senior, disabled, veterans and other

communities.

2. NATURE/ SCOPE OF SERVICES – The City of Orange is requesting submissions from

qualified individuals and/or firms to provide Financial Advisory Services as directed by the

Chief Financial Officer. The Respondent will be required to comply with N.J.S.A. 10:5-31, et

seq. and N.J.A.C. 17:27 as amended (Affirmative Action). The Respondent will be required

to perform, but not be limited to, the following services:

 Provide advice appropriate to assure a successful financing of new or existing bonds/notes.

 Review existing debt structure and assist in developing a debt financing plan.

 Shall develop detailed financing timetable.

 Shall coordinate with the financing team, including bond counsel.

 Shall assist in review of preliminary offering statement and final official statements.

 Shall present to bond rating agencies.

 Shall monitor market and provide analyses regarding timing, comparable sales and structure

of debt issuances.

 Shall provide updated debt service schedules.

 Shall create summary reports of debt issuances.

 Provide investment strategies for bond proceeds and debt reserve funds.

 Provide redevelopment financial consulting services as needed.

 Shall provide ongoing advice to management team regarding financial and budgetary matters.

3. STANDARD REQUIREMENTS OF TECHNICAL QUALIFICATIONS – Respondents

should submit technical qualifications which contain the following:

a. The name of the Respondent, the principal place of business and, if different, the place

where the services will be provided.

b. Respondent must have a minimum of ten (10) years, experience, as a financial advisor,

and a minimum of ten (10) years servicing, the City of Orange or other governmental

entities.

c. The education, qualifications, experience, and training of all persons who would be

assigned to provide services along with their names and titles.

1. The Respondent must be certified Financial Advisor and provide current

Municipal Securities Rulemaking Board Certificate.

d. A listing of all other engagements where services of the types being proposed were

provided in the past five (5) years. This should include other municipal governments

and other levels of government. Contact information for the recipients of the similar

services must be provided. The City may obtain references from any of the parties listed.

1. A description of all other areas of Financial Advisor services of the

Respondent, with emphasis on a description of those services of interest to a

municipal government client.

e. A Statement that neither the firm nor any individuals assigned to this engagement are

suspended, or otherwise prohibited from professional practice by any federal, state, or

local agency.

f. An Affirmative Action Statement (copy of form attached).

g. A completed Non-Collusion Affidavit (copy of form attached).

h. A statement that the Respondent will comply with the General Terms and Conditions

required by the City and enter into the City’s standard Professional Services Contract.

i. A copy of the Respondent’s Business Registration Certificate.

4. COST ANALYSIS - Respondents should submit a cost analysis which would include any

proposed retainer, the services to be provided for the retainer, if services will be provided at a

flat rate, if all or any services will be billed through hourly rates and what are the established

rate(s). The City does not provide payment for or reimbursement for travel expenses.

5. SUBMISSION EVALUATION – The City will select the most advantageous submission based

on all of the evaluation factors set forth at the end of this RFP/Q. The City will make the

award(s) that is in the best interest of the City.

Each submission must satisfy the objectives and requirements detailed in this RFP/Q. The

successful Respondent shall be determined by an evaluation of the total content of the submission.

The City reserves the right to:

a. Not select any of the submissions.

b. Select only portions of a particular Respondent’s submission for further consideration.

(However, Respondents may specify portions of the submission that they consider

“bundled”.)

c. Award a contract for the requested services at any time within 90 days of the selection

of the most advantageous submission; every submission should be valid through this

time period.

d. The City shall not be obligated to explain the results of the evaluation process to any

Respondent.

Commodity Codes

• NAICS 541611Administrative Management and General Management Consulting Services

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