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  5. ›BC-RFPQ-23-003 - Bergen County Various Financial…

Awarded contract·County of Bergen·New Jersey

BC-RFPQ-23-003 - Bergen County Various Financial Professional Services for the 2023 Calendar Year

Won by Acacia Financial Group, Inc. +4 more$3.8MMultiple Award
Contract source

Awarded vendors

  • Acacia Financial Group, Inc.
  • NW Financial Group, LLC
  • Phoenix Advisors, LLC
  • Pino Consulting Group Inc.
  • Wielkotz Company LLC

Description

The County of Bergen has awarded a contract for Financial and Auditing Professional Services for the 2023 Calendar Year to five vendors: Acacia Financial Group, Inc., NW Financial Group, LLC, Phoenix Advisors, LLC, Pino Consulting Group Inc., and Wielkotz Company LLC. The contract was awarded through a fair and open process under the New Jersey Unit Pay-To-Play Law. The scope of work includes financial and auditing services for the county. Key points to consider: * The contract was awarded to multiple vendors, indicating a potential for a competitive pricing environment. * The contract term is for one year, starting from January 1, 2023, and ending on December 1, 2023. * The contract value is not explicitly stated, but it can be estimated based on the scope of work and the number of vendors involved. * The contract is subject to the New Jersey Unit Pay-To-Play Law, which may impact the procurement process and vendor selection. Some notable points about this contract include: * The contract was awarded through a fair and open process, ensuring transparency and competitiveness. * The contract term is relatively short, which may indicate a need for frequent re-procurement or contract renewal. * The scope of work is specific to financial and auditing services, which may require specialized expertise and equipment. * The contract is subject to the New Jersey Unit Pay-To-Play Law, which may impact the procurement process and vendor selection.

Attached files

Key dates

Starts
1/1/2023
Ends
12/1/2023
Duration
365 days

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
541210
Solicitation №
137735

Contract value

$3,750,000

The contract value can be estimated based on the scope of work and the number of vendors involved. Assuming an average annual revenue of $500,000 to $1,000,000 per vendor for financial and auditing services, the total contract value can be estimated to be around $2,500,000 to $5,000,000. However, this is a rough estimate and the actual contract value may vary depending on the specific services provided and the pricing structure. Factors that may influence the contract value include the level of competition among vendors, the complexity of the services required, and the negotiating power of the county.

AI estimate from the award documents

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