CONTRACTPENDING

NW Financial Proposes Advisory Services to Bloomfield BOE

Bloomfield School District logoBloomfield School District
Disclosed value
Notes: $5,000 flat fee up to $10,000,000; $10,000 flat fee over $10,000,000. Bonds: $1 per bond with a $7,500 minimum. Lease Purchase: $5,000 flat fee per lease. Continuing Disclosure: $1,500 annually. Consulting: $225/hour (Principal), $200/hour (Managing Director), $180/hour (Senior Vice President), $170/hour (Vice President), $150/hour (Analyst).
From proposal
Document date
Feb 19, 2020

The 30-second brief

What it covers

NW Financial Group, LLC submitted a proposal to the Bloomfield Board of Education on February 19, 2020 to provide comprehensive municipal financial advisory, bond and note issuance support, lease-purchase, continuing disclosure, and consulting services under a structured fee schedule. The proposal details flat fees for various debt instruments, an annual disclosure fee, and hourly rates for consulting but does not indicate board approval.

Who holds it

Nw Financial Group LLC holds this financial services contract with Bloomfield School District. Its other public contracts on record include work for Town of West New York and Township of North Bergen.

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Contract details

Contract type
Financial Services
Amount
Notes: $5,000 flat fee up to $10,000,000; $10,000 flat fee over $10,000,000. Bonds: $1 per bond with a $7,500 minimum. Lease Purchase: $5,000 flat fee per lease. Continuing Disclosure: $1,500 annually. Consulting: $225/hour (Principal), $200/hour (Managing Director), $180/hour (Senior Vice President), $170/hour (Vice President), $150/hour (Analyst).
Document date
February 19, 2020
Source document
bloomfield-school-district-proposal-2020-02-19_31f.pdf (Proposal)

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Questions about this contract

Who was awarded the financial services contract by Bloomfield School District?

Nw Financial Group LLC was awarded this financial services contract by Bloomfield School District, as recorded on February 19, 2020. The contract value is Notes: $5,000 flat fee up to $10,000,000; $10,000 flat fee over $10,000,000. Bonds: $1 per bond with a $7,500 minimum. Lease Purchase: $5,000 flat fee per lease. Continuing Disclosure: $1,500 annually. Consulting: $225/hour (Principal), $200/hour (Managing Director), $180/hour (Senior Vice President), $170/hour (Vice President), $150/hour (Analyst)..

How much is the Nw Financial Group LLC contract with Bloomfield School District worth?

The Nw Financial Group LLC contract with Bloomfield School District is valued at Notes: $5,000 flat fee up to $10,000,000; $10,000 flat fee over $10,000,000. Bonds: $1 per bond with a $7,500 minimum. Lease Purchase: $5,000 flat fee per lease. Continuing Disclosure: $1,500 annually. Consulting: $225/hour (Principal), $200/hour (Managing Director), $180/hour (Senior Vice President), $170/hour (Vice President), $150/hour (Analyst)., covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a proposal record.

Where was this contract approved?

This contract appears in bloomfield-school-district-proposal-2020-02-19_31f.pdf (Proposal), dated February 19, 2020 from Bloomfield School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Nw Financial Group LLC hold?

Nw Financial Group LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Bloomfield School District currently buying?

Explore Bloomfield School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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