About this opportunity
AI summaryThe Borough of Cresskill seeks qualification statements from interested persons or firms to serve as a financial advisor for current and continuing SEC disclosure requirements. The selected vendor will assist the Borough with secondary bond market continuing disclosure requirements and federal mandates regarding past and future debt issuance. Eligible entities must possess significant relevant experience, hold required professional federal or state licenses, provide at least three municipal government references, and show proof of professional liability insurance. Respondents must submit one original qualification statement and one copy on a flash drive to 67 Union Avenue by November 20, 2026, at 10:00 a.m. Submissions will not be accepted via facsimile transmission or email. Evaluation criteria include experience and references, cost competitiveness, and the ability to perform services in a timely fashion. The Borough will award a one-year professional services contract running from January 1, 2027, through December 31, 2027.
Buyer and opportunity details
- Client
- Borough of Cresskill
Scope of work
- Financial advisor services regarding past and future continuing disclosure requirements relating to outstanding and future bonds and other securities
- Enable Borough compliance with all secondary bond market continuing disclosure requirements
- Enable Borough compliance with federal requirements regarding the issuance of necessary information while issuing new debt
- Fulfill obligations of the Borough to continue providing information while debt remains outstanding
- Other services necessary to ensure Borough compliance with all federal requirements
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Qualifications of the individuals who will perform the tasks and the amounts of their respective participation | Not specified |
| Experience and references | Not specified |
| Ability to perform the task in a timely fashion, including staffing and familiarity with the subject matter | Not specified |
| Cost competitiveness | Not specified |
| Portions of services sub-contracted out and identification of all subcontractors anticipated to be used | Not specified |
| State whether Respondent normally employ union or non-union employees | Not specified |
Minimum qualifications
- Significant experience providing financial advisor services regarding past and future continuing disclosure requirements
- Experience related to providing financial advisor services to municipal entities
- At least three municipal government references, two of which must have knowledge of service to public entities
- Copy of required professional federal and/or state licenses to perform required activities
- Copy of New Jersey Business Registration Certificate
- Evidence of compliance with New Jersey affirmative action requirements
Documents to include with your response
- Letter of Qualification (Appendix A)
- Letter of Intent (Appendix B)
- Cost details including hourly rates, time estimates, expenses, and total cost not to exceed amount
- Narrative statement of understanding of Borough needs and goals
- Three municipal government references
- Examples of record of success or significant achievements servicing public entities
- Certificate of Employee Information Report or other affirmative action compliance evidence
- New Jersey Business Registration Certificate
- Required professional federal and/or state licenses
- Certificate of insurance evidencing professional liability insurance
Key dates
- Issuance of Request for Qualifications
- October 27, 2026
- Receipt of Qualification Statements
- November 20, 2026 by 10:00 a.m.
- Opening of RFQ
- November 20, 2026 at 10:30 a.m.
- Appointment of Borough Financial Advisor
- January 1, 2027, or thereafter
How to submit
- Method
- mail or hand delivery
- Instructions
- Submit one original together with one submission on a flash drive to Ms. Francesca Maragliano, RMC, Borough Clerk, Borough of Cresskill, 67 Union Avenue, Cresskill, New Jersey 07626. Facsimile or e-mail submissions will not be accepted.
Contract details
- Term
- January 1, 2027 through December 31, 2027 (one year)
- Insurance and bonding
- Professional liability insurance with limits of not less than $1,000,000.00 each claim/$1,000,000 annual aggregate; additional financial info may be requested if deductible exceeds $20,000.00 or includes self-insured retention.