NIGP 94629: Cash Management Services (incl. Budgeting Services)

NIGP 94629 Cash Management Services (Including Budgeting Services), an Item code, encompasses advisory and transactional services that state and local governments purchase to optimize fund management, debt issuance, investment strategy, and banking relationships—from municipal advisory and underwriting support for bond offerings to depository banking, merchant processing, and fiscal agent administration of grant funds and collections activity.

State treasurers, finance departments, county commissioners, school districts, and special-purpose authorities across multiple states are actively soliciting under this code. Recent opportunities show Pinellas County, Florida seeking comprehensive banking services for the Board of Commissioners and Clerk of the Circuit Court; Salt Lake City Corporation requesting investment adviser services for a $2.2 billion portfolio; Gwinnett County, Georgia procuring merchant processing across 53 merchant IDs and 175 terminals after processing $278.4 million in 2025 transactions; the Washington State Office of Superintendent of Public Instruction hiring federal grant consultants to monitor legislation and Department of Education regulations; and the Housing Authority of the City of Alameda assembling a pool of consultants across nine specialties including risk management, asset management, moving-to-work compliance, and housing finance. Geographic activity spans Washington State, California, Georgia, Florida, Utah, Massachusetts, Colorado, Texas, Mississippi, New Hampshire, Arizona, Oregon, and Illinois. Representative recent solicitations include the Washington State OSPI's RFQ for federal grant monitoring (RFQQ202702, due August 17, 2026, $55,200 maximum for 24 months) and the Housing Authority of Alameda's RFP for as-needed consulting across nine service areas (2026RFPAS005, due August 11, 2026, three-year initial term with two optional extensions). Merchant processing, banking, and fiscal agent services dominate the recent pipeline; federal grant compliance and benefits administration are emerging service lines; and pricing is typically fixed-fee, contingency-based, tiered, or negotiated fair-and-reasonable, with insurance requirements consistently specified at $1–$2 million general liability and professional liability minimums.