Banking and Investment Services $2,220,000 - College Capital Improvement Bonds Series 2024

The Ocean County Board of Commissioners has awarded a contract to OceanFirst Bank for banking and investment services related to the $2,220,000 College Capital Improvement Bonds, Series 2024. The contract is for a term of one year, starting from October 16, 2024, and ending on October 15, 2025. The scope of work includes providing banking and investment services for the bond proceeds. Key points to consider include: • The contract is for a specific term and has a defined scope of work. • The vendor, OceanFirst Bank, was selected through a public solicitation of Request for Proposals. • The contract is for a significant amount, $2,220,000, and is related to college capital improvement bonds. • The Ocean County Department of Finance and the Consultant Selection Review Committee were involved in the evaluation and recommendation of the vendor.