Financial Manager

The State of Arkansas, through the Department of Transformation and Shared Services Office of State Procurement on behalf of the Arkansas Department of Education - Division of Elementary and Secondary Education (ADE-DESE), is seeking proposals from qualified, experienced, and financially sound contractors to provide support in administering and growing the Charter School Revolving Loan Fund Program. The selected contractor will be responsible for establishing loan eligibility criteria, structuring and servicing loans, monitoring loan performance, and remediating defaults. The contractor must have experience in working with programs similar in size, scope, and complexity, as well as experience lending to charter schools in Arkansas. The contract will be awarded for an initial term of four years, with the possibility of up to three additional one-year renewals. Proposals are due by April 1, 2024, and the state will enter discussions with the responsive and responsible prospective contractor submitting the most advantageous proposal to refine the scope of work, schedule, and plan before finalizing the contract.

The contract opportunity is not designated for any specific set-aside or restricted to any particular type of organization. The state has not provided any information about incumbent vendors or current contractors, nor has it mentioned any existing infrastructure or technology that requires integration. The initial investment from ADE-DESE for the Charter School Revolving Loan Fund Program is $10,000,000.00, but the state has not disclosed a specific award value or budget range for this contract opportunity.