Bid Banana
PricingBid helpAPILog inStart free trial
Log inStart free trial

Learn more

  • New Jersey guideNew Jersey Bids and Bidding Guide
  • Financial Services RFPsFinancial Services Bids and Bidding Guide
  • How to answer an RFQRFQ Meaning: What Is an RFQ?
More financial services bids →Must-win bid? Bring in The Bid Lab →
Bid Banana
SearchPricingBid helpBrowse bidsAPISupportFAQPrivacy PolicyTerms of UseAI Use Policy

This website and its content is copyright of The Bid Lab © 2026. The Bid Lab is a trademark of Bid Lab, LLC. All rights reserved.

  1. Bid Banana
  2. ›Closed bids
  3. ›New Jersey
  4. ›Financial Services
  5. ›RFQ Investment Banking Services: Senior Manager and…

New Jersey Turnpike Authority·New Jersey

RFQ Investment Banking Services: Senior Manager and Co‑Manager Pools

Closes 10/29/2026$5M – $15MRequest for QuotationLogin required
Bid source

This opportunity has closed.

Bid Banana tracks 1.6M+ bids and awards across all 50 states. Save a search and we'll email your new matches, daily or weekly — so the next one reaches you with time to bid.

Get alerted next time

Description

The New Jersey Turnpike Authority (NJTA) is seeking to establish statewide senior‑manager and co‑manager pools of investment‑banking firms to underwrite its anticipated revenue‑bond issuances from 2027‑2030. Qualified firms will be evaluated on experience, capital capacity, past performance, and proposed fee structures, and may be placed in either or both pools for a four‑year term. The solicitation requires extensive disclosures, mandatory equal‑employment‑opportunity language, multiple attestations (moral integrity, non‑collusion, anti‑Iran, anti‑Russia/Belarus, etc.), and a suite of required documents to be uploaded with the bid. The contract will be awarded to one or more firms that meet the minimum scoring thresholds and satisfy all compliance requirements. • Establish senior‑manager and co‑manager pools (statewide) for municipal bond underwriting (up to $1.5 B new‑money per year). • Four‑year pool membership (2027‑2030) with annual performance reporting and audit retention. • Evaluation based on past municipal bond experience (≥ $100 M), capital resources, fee proposals, and compliance attestations. • Mandatory submission of numerous certifications, affidavits, and insurance documentation via the Bid Express® portal.

Attached files

Contact

Erwin Luna(Chief Financial Officer)

Key dates

Opened
10/8/2026
Questions due
10/15/2026
Closes
10/29/2026
Duration
4 years

Last updated

Details

Type
Request for Quotation
Industry
Financial Services
NAICS
523110
Solicitation №
RM-204558

Budget estimate

$5,000,000 – $15,000,000

The solicitation does not disclose a fixed fee amount; however, typical senior‑manager underwriting fees for $1.5 B municipal bond issuances range from 0.30–0.70 % of the principal amount, plus expenses and takedowns. Assuming the Authority issues $1.5 B annually, the senior‑manager fee could be roughly $4.5 M–$10.5 M per year, with co‑manager fees roughly half that amount. Over the four‑year pool term, total earnings for a successful senior‑manager could therefore be in the $15 M–$40 M range, while a co‑manager might earn $7 M–$20 M. To provide a conservative estimate for a single firm’s potential earnings, a range of $5 M–$15 M over the contract term is reasonable.

AI estimate from the solicitation

Similar opportunities

Matched by Bid Banana AI™

Bid Banana · 1.6M+ bids and awards 🍌

You found this one too late. Don't find the next one too late.

Bid Banana searches open government bids across all 50 states, updated daily. Save a search once and we email you your new matches, daily or weekly, while there is still time to win them.

1.6M+
bids & awards
All 50
states
4,000+
agencies
Start your 7-day free trial

Plans from $49.99/month. Cancel anytime, no setup fees.

Built by The Bid Lab, answering RFPs since 2017.

LA Office of the City Administrative Officer·California

Top match · 74%

RFQ For Investment Banking Services

Closes 11/20/2026Opened 10/28/2026

Narragansett Bay Commission·Rhode Island

70% match

RFP Investment Management Services

Closes 11/6/2026Opened 10/15/2026

City of Mission·Texas

68% match

RFQ: Pool for Qualified Architectural Firms

Closes 11/16/2026Opened 10/23/2026

City of Mission·Texas

68% match

RFQ: Pool for Qualified Engineering Firms

Closes 11/10/2026Opened 10/16/2026

San Francisco Airport·California

66% match

RFQ 50433 - Credit and/or Liquidity Facilities and/or Making a Direct Purchase of Bonds

Closes 5/31/2028Opened 7/31/2026

Town of Hilton Head Island·South Carolina

66% match

Investment Broker Services

Closes 12/2/2026Opened 10/14/2026

Alabama Peace Officers' Annuity and Benefit Fund·Alabama

66% match

PS- RFP for Investment Management Services & Custodianship for AL Peace Officers’ Annuity and Benefit Fund

Closes 11/16/2026Opened 10/26/2026

U.S. Department Of Transportation·District of Columbia

66% match

Independent Financial Advisors Vendor Pool

Closes 2/28/2027Opened 7/14/2026

Alaska Energy Authority·Alaska

65% match

Fixed Income Investment Manager

Closes 11/20/2026Opened 10/29/2026

Oregon Department of Transportation·Oregon

65% match

RFQ ROW Appraisal Services

Closes 7/15/2031Opened 6/22/2026

City of Miramar·Florida

65% match

Comprehensive Treasury & Banking Services

Closes 12/16/2026Opened 10/13/2026

Board of Regents of the University System of Georgia·Georgia

65% match

1068-27 RFQ IDIQ_Construction Manager Cost Management Services

Closes 11/5/2026Opened 10/5/2026

City and Borough of Sitka·Alaska

64% match

RFQ Electric Utility Professional Services Roster 2026

Closes 10/31/2026Opened 11/7/2025

City of Green Bay·Wisconsin

64% match

RFQ – Commercial Real Estate Brokerage Services – Former Riverview Elementary School

Closes 11/16/2026Opened 10/14/2026

City of Newark·Delaware

64% match

RFP 26-03: Investment Management and Custodial for Pension and Other Post-Employment Benefit Assets

Closes 11/3/2026Opened 9/18/2026

Town of Shrewbury·Massachusetts

64% match

Full RFP for Legal Services

Closes 11/13/2026Opened 10/7/2026

City of Binghamton·New York

64% match

RFQ: Preparation of a Lead Service Line Inventory and Lead Service Line Replacement Plan for City of Binghamton Water System

Closes 11/4/2026Opened 10/9/2026

City of Tega Cay·South Carolina

64% match

Tega Cay Beach & Swim Center Pool Management Services

Closes 12/4/2026Opened 10/26/2026

Massachusetts Lottery Commission·Massachusetts

64% match

RFQ 2504 - STRIPS

Closes 1/31/2030Opened 9/20/2024

Oregon Health and Science University·Oregon

64% match

Retirement Consulting Services

Rolling / TBD closeOpened 9/16/2019

City of Oakland·California

64% match

RFQ FOR ON-CALL PROPERTY MAINTENANCE SERVICES

Closes 11/10/2026Opened 8/14/2026

City of Centralia·Illinois

64% match

Banking Services RFP

Closes 11/4/2026Opened 9/3/2026

Union City Board of Education·New Jersey

64% match

RFQ-Scope of Services

Rolling / TBD closeOpened 8/4/2026

City of Lake Wales·Florida

64% match

RFQ 27-03 RAISE Grant Streetscape Construction Management Services

Closes 11/4/2026Opened 10/1/2026

Homes & Community Renewal, NYS Dept of·New York

64% match

Request for Qualifications for Underwriter Services Reissued

Closes 11/12/2026Opened 10/14/2026