About this opportunity
AI summaryThe Township of Sparta seeks proposals from qualified onshore U.S. organizations to provide offsite water and sewer utility valuation and financial planning services. The scope covers reviews of historical budgets, financial statements, revenues, expenditures, fund balances, customer accounts, consumption, billing, rate structures, infrastructure, operating arrangements, existing debt, capital improvements, and maintenance requirements.
Buyer and opportunity details
- Client
- Township of Sparta
- Solicitation No.
- 26-09
Scope of work
- Review available historical budgets, financial statements, billing, debt, infrastructure, and engineering studies
- Determine separate valuations for the Water Utility and Sewer Utility
- Determine a combined valuation of both utility systems
- Evaluate capital investments, financing obligations, and customer rate impacts under continued municipal ownership
- Provide comparative estimates of market sale values and long-term lease consideration for independent and combined utilities
- Differentiate gross consideration from potential net financial benefits after debt and retained obligations
- Identify principal factors affecting valuation and potential customer rate implications
- Provide supporting financial calculations and valuation schedules electronically in Microsoft Excel
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Relevant experience and qualifications of the firm | Not specified |
| Experience and qualifications of the proposed project team | Not specified |
| Experience and references | Not specified |
| Cost consideration - including, but not limited to, historical costs for similar services | Not specified |
Minimum qualifications
- Firm must have no financial interest in the acquisition, lease, or operation of the Township's utilities
- Disclosure of material business relationships, including advisory or financial relationships within the preceding three years
- Selected firm shall not represent a prospective purchaser or lessee in connection with the Township's utilities
- Compliance with N.J.S.A. 10:5-31 et seq. and N.J.A.C. 17:27 et seq.
Documents to include with your response
- Sealed Submission Label for Proposal
- Professional Service Entity Information Form
- Submission Form
- Fixed-fee cost proposal with rate schedule and not to exceed amount
- Firm background, qualifications, and project team experience descriptions
- New Jersey Business Registration Certificate
- Certification of Non-Involvement in Prohibited Activities in Russia or Belarus
- Investment Activities in Iran Certification
- Statement of Ownership Disclosure
- Employee Information Report Form AA-302 or Certificate of Employee Information Report
Key dates
- Questions due
- November 9, 2026
- Public opening of submissions
- November 17, 2026 at 10:15am
How to submit
- Method
- Electronic via BidNet Direct
- Instructions
- Submissions must be made online at www.bidnetdirect.com//spartatownship. The Township will only receive electronic submittals, no physical submittals will be accepted. Upload the sealed submission label with the response.
Contract details
- Place of performance
- Offsite
- Insurance and bonding
- Worker's Compensation and Employer's Liability Insurance; General Liability Insurance; Automobile Liability Insurance. Coverage must be with admitted New Jersey insurers, naming Sparta Township as Additional Insured.