Frm 5 - EFT - Electronic Funds Transfer_1.pdf

This is an Electronic Funds Transfer (EFT) authorization form for the Snow Removal services contract with the State of Maryland. The form establishes the banking and payment procedures for the contractor providing snow removal services at George M Taylor District Court/Multi Service Center located at 7500 Ritchie Highway, Glen Burnie, Maryland. The contract period runs from December 1, 2026, through November 30, 2029, with a three-year term. The EFT form authorizes electronic payment transfers to the contractor's designated bank account as compensation for services rendered under the contract.

The form captures the contractor's banking information necessary for the State of Maryland to process payments via electronic funds transfer rather than by check or other traditional payment methods. This mechanism streamlines payment processing and ensures timely compensation to the contractor throughout the contract period. The specific payment amounts, schedules, and terms would be detailed in the primary contract documents, with this form serving solely as the authorization vehicle for the payment delivery method.