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Awarded contract·Henrico County·Virginia

Municipal Financial Advisor Services

Won by Davenport & Company, LLC$750kAwarded 9/24/2025Single Award
Contract source

Awarded vendors

  • Davenport & Company, LLC

Description

The County of Henrico, Virginia, issued a Notice of Intent to Award a municipal financial advisory services contract (RFP 25‑2850‑6JOK) to Davenport & Company, LLC. The award was announced on September 24, 2025, with no solicitation deadline, budget, or performance schedule disclosed. This sole‑source award designates Davenport & Company as the sole provider of financial advisory services to the county, likely encompassing fiscal analysis, budgeting assistance, and strategic financial planning for municipal operations. • Service: Municipal financial advisory consulting (no detailed SOW provided). • Awarded Vendor: Davenport & Company, LLC (sole source). • Agency: Henrico County, Virginia – Purchasing Division (Dept. of Finance). • Contact: Phone (804) 501‑5660; address 8600 Staples Mill Road, Henrico, VA 23273‑0775.

Attached files

Key dates

Intent to award
9/24/2025
Awarded
9/24/2025

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Consulting Services
NAICS
541618
Solicitation №
25-2850-6JOK

Contract value

$750,000

The notice provides no monetary value. Municipal financial advisory contracts for a county of Henrico’s size typically range between $300,000 and $1,200,000 depending on scope (e.g., annual budgeting, multi‑year strategic planning, and occasional ad‑hoc analyses). Assuming a mid‑range engagement covering a one‑year fiscal advisory period with modest deliverables, a reasonable ball‑park estimate would be roughly $750,000. This estimate considers typical consultant hourly rates ($150‑$250) multiplied by an assumed 3,000‑4,000 billable hours, plus overhead and contingency.

AI estimate from the award documents

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