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Rhode Island City of Woonsocket·Rhode Island

Municipal Financial Advisory Services

Closes 8/7/2025$600k – $1.5MRequest for ProposalLogin required
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Description

The City of Woonsocket is seeking a firm to provide financial advisory services, including advising on the City's overall approach to financings, assisting with competitive and negotiated financings, and providing market information. The selected firm will work collaboratively with City departments and other professionals involved in the City's financings. The contract will be for a three-year term, with two optional one-year extensions. • The firm will provide financial advisory services to the City, including general obligation bonds, revenue bonds, lease programs, and refunding opportunities. • The firm will assist the City in communicating with rating agencies and developing marketing plans. • The firm will evaluate proposals on refunding opportunities and other financing ideas. • The firm will provide recommendations on the management of the City's debt, including refunding opportunities and asset/liability management strategies. • The firm will assist the City in meeting its short-term cash flow financing needs.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Kenneth Allaire(Purchasing Agent)

[email protected]

(401) 767-9269

Key dates

Opened
7/14/2025
Questions due
7/31/2025
Closes
8/7/2025
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
523990
Solicitation №
6319

Budget estimate

$600,000 – $1,500,000

The budget for this contract is not explicitly stated, but based on the scope of work and the fact that the City is seeking a firm to provide financial advisory services for a three-year term, it is likely that the budget will be in the range of $200,000 to $500,000 per year, depending on the firm's fees and the City's financing needs. The total budget for the three-year term could be in the range of $600,000 to $1,500,000.

AI estimate from the solicitation

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