Moody's investment service sole source

The City of Salem, Oregon is procuring a 2026 General Obligation Bond Rating Fee from Moody's Investors Service on a sole-source basis, with an anticipated award date of July 24, 2026 and a seven-calendar-day protest window closing July 24, 2026. The procurement is conducted under the City's Public Contracting Rules, Section IV, which permits alternative source selection methods for professional services.

The contract amount is $75,000. Moody's Investors Service is the sole prospective contractor identified, based in New York, New York.

Affected persons may protest the sole-source determination by submitting written notice to the City Manager's office at 555 Liberty Street SE, Room 220, Salem, Oregon 97301 within the seven-calendar-day protest period. Protests must be accompanied by a certified check or cashier's check in the amount of $500 for processing costs and must include a detailed statement of legal and factual grounds, supporting evidence or documentation, a description of resulting harm, and a specification of relief requested. Protests submitted after the deadline are untimely and will not be considered.