RFI 720685 Amendment #1 Q&A's.xlsx

This document is a Request for Information (RFI) issued by the University of Washington (UW) to solicit information for a third-party provider that can intake, deliver, and process cash and check deposits for the UW's Seattle, Bothell, and Tacoma campuses. The key details include an average of 935 checks processed monthly, with 90-95% of those at the main UW Seattle campus through remote deposit scanning. The UW also has approximately 60 cash/coin deposits per month that are taken directly to the bank on the Seattle campus. The RFI seeks to address pain points in the current manual check processing and deposit handling, including lack of staff and resources, turnover, and the subsequent cash application, storage, document organization, and compliance activities. The RFI considers a Seattle-based lockbox solution to handle the check and remittance processing.

The RFI provides the specific physical addresses for the 5 campus locations involved. The University is seeking to meet Washington State's deposit frequency standard as stated in the State Administrative and Accounting Manual (SAAM) 85.20. No other details regarding pricing, set asides, incumbents, funding, or contract term are provided in the document.