Addendum No. 1- URFP No. 100161-FY27-04 Cash Management Banking.pdf
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- Solicitation number
- RFP-125234
- Issued by
- Loudoun County, Virginia
About this file
This is Addendum No. 1 to an Unsealed Request for Proposal (URFP No. 100161-FY27-04) issued by the Town of Leesburg, Virginia, for banking services consultant and cash management services. The Town seeks qualified firms to provide banking consulting services and cash management services, including cash flow monitoring, analysis, and forecasting, as well as investment support such as soliciting and evaluating investment quotes from qualified financial institutions in accordance with the Virginia Public Procurement Act. The addendum was issued on August 14, 2026, and addresses clarifications and responses to questions submitted by interested offerors. The Town's intent is to award the contract to one contractor capable of providing both banking consultant services and cash management services; however, the Town reserves the right to award multiple contracts if deemed in its best interest.
The addendum clarifies that the Town will not entertain the option of a contractor providing professional discretionary management of investments in place of soliciting and evaluating investment options. Regarding pricing structure, the Town is willing to consider alternative cost structures, including asset-based fees, in place of hourly billing; however, offerors are not requested to provide pricing estimates with their proposals, as pricing will be discussed at a later date in accordance with the professional services selection process. Acknowledgment of this addendum is required with proposal submission, or the proposal may not be considered. Questions regarding the solicitation should be directed to Kelly Hall, CPPB, VCO Buyer II for the Town of Leesburg, at kneff@leesburgva.gov.
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| File | Type | Posted |
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| URFP No. 100161-FY27-04 Cash Management & Banking Consultant.pdf |
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Text version
Addendum No. 1 – URFP No. 100161-FY27-04
URFP NO. 100161-FY27-04
BANKING SERVICES CONSULTANT AND CASH MANAGEMENT
SERVICES
ADDENDUM NO. 1
AUGUST 14, 2026
ITEM NO. 1: QUESTIONS AND RESPONSES
Interested offerors shall be mindful of the following responses to questions received:
1. Section III.A.2.b (Page 3 of URFP). Would the Town entertain the option of a contractor providing professional discretionary management of investments in place of solicitating/evaluating investment options?
RESPONSE: No.
2. Section IV.B Proposal Format (Page 6 of URFP). Would the Town entertain an alternative cost structure such as an asset-based fee in place of hourly billing?
RESPONSE: Yes, the Town is willing to consider alternative pricing structures. Please note that this response should not be interpreted as the Town is requesting that offerors provide pricing estimates with their proposals. In accordance with the selection process for professional services, the Town will discuss pricing at a later date.
3. Section VI.C Contract Award (Page 9 of URFP). Does the Town have a preference as to if the two requested needs (banking services consultant and cash management services) be fulfilled by one contractor?
RESPONSE: The Town’s intent is to have one contractor to provide both banking consultant services and cash management services; however, we do reserve the right to award multiple contracts if it is deemed to be in the best interest of the Town.
Offerors must take due notice and be governed accordingly. This addendum must be acknowledged as indicated in the Unsealed Request for Proposal or your proposal may not be considered.
For the Town of Leesburg, Kelly Hall, CPPB, VCO Buyer II Town of Leesburg, Virginia Email: kneff@leesburgva.gov Bid Board: http://www.leesburgva.gov/bidboard mailto:kneff@leesburgva.gov
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