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Awarded contract·Hernando County, Florida·Florida

Financial Advisory Services Contract with PFM

Won by PFM Financial Advisors LLC$800kSingle Award
Contract source

Awarded vendors

  • PFM Financial Advisors LLC

Description

This contract is for financial advisory services provided by PFM Financial Advisors LLC to Hernando County, Florida. The services include financial planning, budgeting, and debt transactions. The contract has a term of 5 years, with an option to renew for additional 1-year periods. The compensation for the services is outlined in the contract, including a fixed rate transaction fee and an annual retainer fee. The contract also includes provisions for insurance, assignment, and termination. Key points to consider are the scope of services, compensation, and insurance requirements. The contract is subject to the laws of the State of Florida, and any disputes will be resolved through negotiation or litigation in Hernando County. • The contract includes a detailed scope of services, including financial planning, budgeting, and debt transactions. • The compensation for the services is based on a fixed rate transaction fee and an annual retainer fee. • The contract includes provisions for insurance, assignment, and termination. • The contract is subject to the laws of the State of Florida. • Any disputes will be resolved through negotiation or litigation in Hernando County.

Attached files

Key dates

Starts
8/22/2023
Ends
8/21/2028Renews
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
523930
Solicitation №
23-A00016

Contract value

$800,000

The contract value can be estimated based on the compensation schedule outlined in the contract. The fixed rate transaction fee ranges from $0.45 to $0.85 per $1,000 of bond size, with a minimum fee of $15,000 and a maximum fee of $65,000. The annual retainer fee is $16,000. Assuming an average bond size of $50,000, the estimated contract value would be around $160,000 per year, which is consistent with the budget amount mentioned in the contract document. Therefore, the total contract value for the 5-year term would be approximately $800,000.

AI estimate from the award documents

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