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Awarded contract·Arkansas State University·Arkansas

Financial Advisory Services and Related Work

Won by PFM +5 more$1MMultiple Award
Contract source

Awarded vendors

  • PFM
  • Huron
  • Aarete
  • Deloitte
  • FORVIS
  • First Tryon

Description

This RFQ (RFQ 24‑07) seeks financial advisory services, covering capital debt financing, debt management, and related advisory work. The agency intends to award the contract to six qualified vendors—PFM, Huron, Aarete, Deloitte, FORVIS, and First Tryon—each providing a subset of the required services (with PFM handling capital debt financing and the others handling all other services). The solicitation closed on September 29 2023, and interested parties must contact the procurement office for the bid results. No award date, contract term, or dollar value is disclosed in the summary. • Commodity: Financial Advisory Services and Related Work • Intent to award to six vendors, with PFM handling capital debt financing specifically • Closing date for bids: September 29 2023; contact [email protected] for results

Attached files

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

Key dates

Bids closed
9/29/2023

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
541611
Solicitation №
RFQ 24-07

Contract value

$1,000,000

The solicitation does not disclose a dollar amount. Typical multi‑vendor financial advisory RFQs of this scope (debt financing, debt management, and related advisory work) for a state agency often range from $500,000 to $2 million, depending on the depth of analysis and deliverables required. Assuming each of the six vendors will receive a portion of the work and accounting for professional‑services rates (often $150‑$250 per hour), a reasonable ball‑park estimate is approximately $1 million total. This estimate reflects the need for high‑level expertise, possible travel, data analysis, and deliverable preparation.

AI estimate from the award documents

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