About this opportunity
AI summaryThe City of Salem seeks proposals from qualified firms to serve as Municipal Financial Advisor from January 1, 2027, through December 31, 2027. The selected advisor will provide management advice on fiscal matters, assist with debt issuance and financing plans, prepare official statements, support presentations to bond rating agencies, monitor market conditions, and aid in securities reporting compliance. Eligible applicants must be onshore United States organizations fully licensed and in good standing to practice law in New Jersey, with at least three years of experience serving as a municipal financial advisor to a New Jersey municipality. Applicants must submit their proposals to the Office of the City Clerk by 10:00 a.m. on November 19, 2026, when proposals will be publicly opened. The City Council will evaluate submissions based on qualification responses, general reputation, local knowledge, availability, and office resources. The City will negotiate compensation as a professional services contract based on an approved rate schedule and customary expenses.
Buyer and opportunity details
- Client
- City of Salem
Scope of work
- Serve as Financial Advisor for the Mayor and Common Council
- Provide management advice on fiscal matters
- Assist in the issuance of debt
- Review existing debt structure and assist in developing a debt financing plan
- Develop detailed financing time tables
- Assist in the preparation of preliminary and final official statements
- Assist in presentations to bond rating agencies
- Monitor market conditions and provide advice to the governing body
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Responsiveness to the Qualification Evaluation and other required submissions | Not specified |
| General experience and reputation in the field | Not specified |
| Specific experience/knowledge of the City of Salem and the subject matter to be addressed under the Contract | Not specified |
| Qualifications and experience which most closely match the needs of the City | Not specified |
| Availability to accommodate meeting and interface requirements with the Mayor and City Council and City Officials | Not specified |
| Office resources, including backup staff, which are deemed most adequate to service the needs of the City | Not specified |
| Applicant deemed otherwise most advantageous based on all information submitted or gathered | Not specified |
Minimum qualifications
- Must be fully licensed and in good standing to practice law in the State of New Jersey
- Minimum of 3 years of experience representing a New Jersey municipality as Municipal Financial Advisor
Documents to include with your response
- Resume and/or other documentation demonstrating compliance with Minimum Requirements
- Responses to Qualifications Evaluation questions 1 through 10
- Signed Pay to Play forms
- COMBINED CERTIFICATION: PROHIBITED ACTIVITIES IN RUSSIA AND BELARUS & INVESTMENT ACTIVITIES IN IRAN form
Key dates
- Proposals due
- on or before 10:00 a.m. on November 19, 2026
- Public opening
- 10:00 a.m. on November 19, 2026
- Contract start
- January1 st , 2027
How to submit
- Instructions
- Submit reply to the Office of the City Clerk at 125 West Broadway, Salem, New Jersey 08079
Contract details
- Term
- January1 st , 2027 to December 31 st , 2027