Notice_of_Intent_to_Sole_Source_07-25-2023.pdf

This is a Notice of Intent to Sole Source document issued by Pinellas County's Administrative Services Purchasing & Risk Management Division regarding a banking services contract. The notice indicates that Pinellas County intends to recommend sole source procurement for comprehensive banking services to be provided to two distinct entities: the Pinellas County Board of County Commissioners and the Pinellas County Clerk of the Circuit Court and Comptroller. Contractors believing they can meet or exceed the stated requirements must submit convincing technical data supporting their position to the Pinellas County Purchasing Department by the stated deadline. The contract will require the selected proposer to execute two separate Master Banking Services Agreements, with one covering comprehensive banking services for the Clerk and another for the Board. The contract term spans 120 months with potential for two additional 24-month extensions. Questions regarding the procurement must be submitted by January 21, 2026, at 10:00 a.m., with final proposals due by February 19, 2026, at 3:00 p.m., submitted electronically through the OpenGov procurement portal.

Mandatory qualifications for proposers include Federal Reserve System membership, Qualified Public Depository status with capacity to hold balances exceeding $350 million, and maintenance of at least five full-service branches throughout Pinellas County. Evaluation will assess proposers across four key categories: Team/Firm Qualifications and Financial Strength (250 points), Scope of Services (250 points), User Experience and Transition Methodology (250 points), and Information Technology, Fraud Protection, and Security (150 points), with proposed fees valued at 100 points. Proposers must provide current credit ratings from Moody's, S&P, and Fitch, along with detailed financial stability documentation. Extensive insurance requirements are mandated, including $1 million general liability, $100 million cyber liability, $100 million professional liability, and $100 million crime/fidelity coverage. Proposers must complete affidavits certifying they are not owned or controlled by designated Foreign Countries of Concern, including China, Russia, Iran, North Korea, Cuba, Venezuela, and Syria. Proposers must also demonstrate expertise serving Florida local governments with populations exceeding 300,000.