New Jersey Turnpike Authority Awards Financial Services Contract to Public Resources Advisory Group Inc (April 2026)

The New Jersey Turnpike Authority plans to award a three-year professional services contract to Public Resources Advisory Group Inc. for lead financial advisory services, with total fees not to exceed $1,857,000 including base services and per-transaction WRAF caps. PRAG will act as the Authority’s Financial Advisor and designated IRMA and QIR for bond, investment, and swap transactions.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $1,857,000 for the three (3)-year term (includes $417,000 base services and $1,440,000 WRAF cap with per-transaction caps)

Contract type

FINANCIAL_SERVICES

Contract term

3-year contract

Renewal

Initial three-year term with total compensation capped at $1,857,000; any future extensions or renewals would require separate authorization by the Authority.

Document type

Agenda

Source document

NJTA Agenda Item 2026-04-117 2026-04-21

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by New Jersey Turnpike Authority?

Public Resources Advisory Group Inc was awarded this financial services contract by New Jersey Turnpike Authority, as recorded on April 21, 2026. The contract value is Not to exceed $1,857,000 for the three (3)-year term (includes $417,000 base services and $1,440,000 WRAF cap with per-transaction caps).

How much is the Public Resources Advisory Group Inc contract with New Jersey Turnpike Authority worth?

The Public Resources Advisory Group Inc contract with New Jersey Turnpike Authority is valued at Not to exceed $1,857,000 for the three (3)-year term (includes $417,000 base services and $1,440,000 WRAF cap with per-transaction caps), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in NJTA Agenda Item 2026-04-117 2026-04-21 (Agenda), dated April 21, 2026 from New Jersey Turnpike Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Public Resources Advisory Group Inc hold?

Public Resources Advisory Group Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Public Resources Advisory Group Inc's profile

What is New Jersey Turnpike Authority currently buying?

Explore New Jersey Turnpike Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View New Jersey Turnpike Authority's profile