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Awarded contract·The Metropolitan District·Connecticut

Financial Consulting and Advisor Services

$1.5MAwarded 6/15/2018Single Award
Contract source

Description

The Metropolitan District (MDC) of Connecticut sought a qualified financial advisor to assist with the issuance of general obligation and revenue bonds, as well as bond anticipation notes. The scope includes debt refunding, debt modeling, financial analysis, and related special projects, requiring the advisor to be a registered municipal advisor capable of acting independently. The solicitation was publicly posted, attracted numerous bidders, and closed for questions on March 20, 2018, with bids due April 6, 2018. The contract was awarded on June 15, 2018, though the winning vendor is not identified in the public records. • Primary purpose: Provide financial advisory services for municipal bond issuance and related debt transactions. • Required qualifications: Registered municipal advisor status and ability to operate independently. • Timeline: Questions due March 20 2018; bids due April 6 2018; award announced June 15 2018.

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Bids closed
4/6/2018
Intent to award
6/15/2018
Awarded
6/15/2018
Starts
6/15/2018

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
541618
Solicitation №
2017R-22

Contract value

$1,500,000

No contract value is disclosed in the public record. However, municipal bond advisory engagements of this scope typically range from $500,000 to $3 million, depending on the size of the bond issuance and the depth of analysis required. Given the MDC’s role as a regional water and sewer utility and the comprehensive services requested (debt modeling, refunding, and special projects), a realistic midpoint estimate would be roughly $1.5 million. This estimation assumes a multi‑year engagement with a blend of hourly consulting rates and reimbursable expenses, which is common for such financial advisory contracts.

AI estimate from the award documents

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