295-20241209114734 Tallahatchie

Tallahatchie County, Mississippi is seeking sealed bids from financial institutions to manage county funds for the year 2025, pursuant to Section 27-105-305 of the Mississippi Code. The procurement opportunity involves selecting a financial depository that will provide the most advantageous terms and highest interest rates for maintaining county funds. Financial institutions can submit bids for either a one-year or two-year term, with proposals requiring detailed specifications about the type of security they will provide for the funds. Sealed bids must be submitted by 10:00 AM on January 6, 2025, directly to the Office of the Chancery Clerk in the First Judicial District of Tallahatchie County Courthouse, located in Charleston, Mississippi. The Board of Supervisors will evaluate all proposals based on the best terms, highest interest rates, and proposed security measures, with submission options available at both Charleston and Sumner office locations.

The procurement appears to be open to all qualified financial institutions without specific set-aside designations or restrictions for disadvantaged enterprises. While the exact budget range is not specified, the contract involves managing county funds for the entire fiscal year 2025. Bidders must be prepared to provide comprehensive financial security and demonstrate their capability to effectively manage and maintain county resources. The solicitation does not indicate any incumbent vendors or existing technological infrastructure requirements. Interested financial institutions should carefully review the complete bidding documentation and ensure compliance with Mississippi state regulations governing county fund depositories. The evaluation will focus on the overall financial terms, security provisions, and the institution's ability to meet the county's fiscal management needs.