RFP 200000000634 - Answers to Vendor Questions.xlsx

This document is a vendor questions and answers response sheet for RFP 200000000634, issued by an unnamed state agency for financial custodial services related to securities management. The RFP requires vendors to provide responses to specific requirements outlined in Schedule A, including customer service information and pricing proposals. The contract term is five years with a fixed pricing requirement, though bidders may propose alternative pricing schedules with different rate structures for different periods within the five-year term if desired.

Key clarifications provided by the State address submission procedures and pricing flexibility. Vendors are permitted to add additional detail boxes immediately below existing requirement boxes in Schedule A when the provided space is insufficient for complete responses, such as when specifying a toll-free customer service number. Regarding pricing, while the contract requires firm pricing for the entire five-year duration, bidders have the option to propose tiered pricing schedules with different transaction rates for specified periods, such as one rate for years one through two and an alternative rate for years three through five. The State also clarified that this solicitation concerns financial custodial services for securities management rather than facility cleaning or janitorial services.