Project Information

Bid Title

2025 RFQ for 2026 Financial Services-Financial Analyst

Issuing Agency

Morristown town

Location

New Jersey

Published Date

Nov 6, 2025

Closing Date

Dec 4, 2025

Government Level

State & Local

Status

Closed

Original Source

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Bid Documents

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Project Description

2025 RFQ for 2026 Financial Services-Financial Analyst.pdf

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NOTE: The Town of Morristown will consider proposals only from firms or organizations that have

demonstrated the capability and willingness to provide high quality services in the manner described

in this Request for Qualifications.

REQUEST FOR QUALIFICATIONS

FOR THE PROVISION OF FINANCIAL SERVICES – FINANCIAL ANALYST

ISSUE DATE: November 6, 2025

DUE DATE: December 4, 2025

Issued by:

Town of Morristown

GLOSSARY

The following definitions shall apply to and are used in this Request for Qualifications:

"Principals" means persons possessing an ownership interest in the Respondent. If the Respondent is a

corporation, "Principals" shall include each investor who would have any amount of operational control

over the Respondent and every stockholder having an ownership interest of ten percent (10%) or more in

the firm.

"Qualification Statement" - refers to the complete responses to this RFQ submitted by the Respondents.

"Qualified Respondent" - refers to those Respondents who (in the sole judgment of the Town) have satisfied

the qualification criteria set forth in this RFQ.

"Respondent" or "Respondents" - refers to the interested firm(s) that submit a Qualification Statement.

“Review Team” – Members of the Town Administration and its legal and/or financial advisors who shall

review the Qualification Statements.

"RFQ" - refers to this Request for Qualifications, including any amendments thereof or supplements thereto.

"Town" - refers to the Town of Morristown.

2

SECTION 1

INTRODUCTION AND GENERAL INFORMATION

Section 1.1. Introduction and Purpose.

The Town is soliciting Qualification Statements from interested persons and/or firms for the provision of

Financial Services – Financial Analyst, as more particularly described herein. Through a Request for

Qualification process described herein, persons and/or firms interested in assisting the Town with the

provision of such services must prepare and submit a Qualification Statement in accordance with the

procedures and schedules in this RFQ. The Town will review Qualification Statements only from those

firms that submit a Qualification Statement which includes all the information required to be included as

described herein (in the sole judgment of the Town). The Town intends to qualify person(s) and/or firm(s)

that: (a) possesses the professional, financial and administrative capabilities to provide the proposed

services, and (b) will agree to work under the compensation terms and conditions determined by the Town

to provide the greatest benefit to the taxpayers of Morristown.

Section 1.2. Procurement Process and Schedule.

The selection of Qualified Respondents is not subject to the bidding provisions of the Local Public

Contracts Law, N.J.S.A. 40A:11-1 et seq. The Town has structured a procurement process that seeks to

obtain the desired results described above, while establishing a competitive process to assure that each

person and/or firm is provided with an equal opportunity to submit a Qualification Statement in response

to the RFQ. Qualification Statements will be evaluated in accordance with the criteria set forth in Section

5 of this RFQ, which will be applied in the same manner to each Qualification Statement received.

Respondents agree to at all times abide by all requirements of New Jersey law.

Qualification Statements will be reviewed and evaluated by the Town Administration and its legal and/or

financial advisors (collectively, the "Review Team"). The Qualification Statements will be reviewed to

determine if the Respondent has met the minimum professional, administrative and financial criteria

described in this RFQ. Under no circumstances will a member of the review team review responses to an

RFQ for a position which they or their firm submitted a response. Based upon the totality of the information

contained in the Qualification Statement, including information about the reputation and experience of each

Respondent, the Town will (in its sole judgment) determine which Respondents are qualified from

professional, administrative and financial standpoints. Each Respondent that meets the requirements of the

RFQ (in the sole judgment of the Town) will be designated as a Qualified Respondent and will be given

the opportunity to participate in the selection process determined by the Town.

The RFQ process commences with the issuance of this RFQ. The steps involved in the process and the

anticipated completion dates are set forth in Table 1, Procurement Schedule. The Town reserves the right

to, among other things, amend, modify or alter the Procurement Schedule upon notice to all potential

Respondents.

All communications concerning this RFQ or the RFQ process shall be directed to the Town’s Designated

Contact Person, in writing.

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Designated Contact Person:

Jillian Barrick

Business Administrator

Town of Morristown

200 South St. CN914

Room 239, Office of Mayor/Administration

Morristown, NJ 07963-0914

Qualification Statements must be submitted to, and be received by, the Town, by hand delivery or regular

mail, by 4:00 p.m. prevailing time on December 4, 2025. Qualification Statements will not be accepted by

facsimile transmission or e-mail.

Subsequent to issuance of this RFQ, the Town (through the issuance of addenda to all firms that have

received a copy of the RFQ) may modify, supplement or amend the provisions of this RFQ in order to

respond to inquiries received from prospective Respondents or as otherwise deemed necessary or

appropriate by, and in the sole judgment of, the Town.

TABLE 1

ANTICIPATED PROCUREMENT SCHEDULE

ACTIVITY

1. Issuance of Request for Qualifications

2. Receipt of Qualification Statements

3. Completion of Evaluation of Qualification Statements by the Review Team

4. Town Review of Review Team Recommendations

5. Approval of Professional Services Resolutions by Town Council

DATE

November 6, 2025

December 4, 2025

December 18, 2025

December 22, 2025

January 13, 2026

Section 1.3. Conditions Applicable to RFQ.

Upon submission of a Qualification Statement in response to this RFQ, the Respondent acknowledges and

consents to the following conditions relative to the submission and review and consideration of its

Qualification Statement:

•

This document is an RFQ and does not constitute an RFP.

•

This RFQ does not commit the Town to issue an RFP.

•

All costs incurred by the Respondent in connection with responding to this RFQ shall be

borne solely by the Respondent.

•

The Town reserves the right, in its sole judgment, to reject for any reason, any and all

responses and components thereof and to eliminate any and all Respondents responding to

this RFQ from further consideration for this procurement.

•

The Town reserves the right, in its sole judgment, to reject any Respondent that submits

incomplete responses to this RFQ, or a Qualification Statement that is not responsive to

the requirements of this RFQ.

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•

The Town reserves the right, without prior notice, to supplement, amend, or otherwise

modify this RFQ, or otherwise request additional information.

•

All Qualification Statements shall become the property of the Town and will not be

returned.

•

All Qualification Statements will be made available to the public at the appropriate time,

as determined by the Town, in the exercise of its sole discretion, in accordance with

applicable law.

•

The Town may request Respondents to send representatives to the Town for interviews.

•

Any and all Qualification Statements not received by the Town by 4:00 p.m. prevailing

time on December 4, 2025 will be rejected.

•

Neither the Town, its consultants or advisors, nor their respective staffs, including, but not

limited to, the Review Team, shall be liable for any claims or damages resulting from the

solicitation or preparation of the Qualification Statement, nor will there be any

reimbursement to Respondents for the cost of preparing and submitting a Qualification

Statement or for participating in this procurement process.

Section 1.4. Rights of Town.

The Town reserves, holds and may exercise, at its sole discretion, the following rights and options with

regard to this RFQ and the procurement process in accordance with the provisions of applicable law:

•

To determine that any Qualification Statement received complies or fails to comply with

the terms of this RFQ.

•

To supplement, amend or otherwise modify the RFQ through issuance of addenda to all

prospective Respondents who have received a copy of this RFQ.

•

To waive any technical non-conformance with the terms of this RFQ.

•

To change or alter the schedule for any events called for in this RFQ upon the issuance of

notice to all prospective Respondents who have received a copy of this RFQ.

•

To conduct investigations of any or all of the Respondents, as the Town deems necessary

or convenient, to clarify the information provided as part of the Qualification Statement

and to request additional information to support the information included in any

Qualification Statement.

• To suspend or terminate the procurement process described in this RFQ at any time in the

Town’s sole discretion. If terminated, the Town may determine to commence a new

procurement process or exercise any other rights provided under applicable law without

any obligation to the Respondents.

The Town shall be under no obligation to complete all or any portion of the procurement process described

in this RFQ.

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Commodity Codes

• NAICS 541219Other Accounting Services
• NAICS 541611Administrative Management and General Management Consulting Services

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