9/22/2026-9/22/2031 Taconic DDSOO Patients Fund Certificate of Deposit
Closed State & local contract opportunity Posted
- Solicitation number
- 2138290
- State
- New York
- Responses due
Opportunity facts
- Jurisdiction
- Point of contact
-
- Jennifer Vallely jennifer.vallely@opwdd.ny.gov (845) 877-6821
Updated .
About this opportunity
The New York State Office for People with Developmental Disabilities (OPWDD) Contract Management Unit on behalf of the Taconic Developmental Disabilities State Operations Office is soliciting quotes for a five-year Certificate of Deposit in the amount of $1.5 million with a term of September 22, 2026 through September 22, 2031, with quotes due September 11, 2026. Award will be made to the responsible and responsive bidder offering the highest interest rate; only one contractor will be selected.
Eligible bidders must be commercial lending institutions registered with the New York State Office of the State Comptroller, Banking/Cash Management Department, and must have filed necessary documents and demonstrated sufficient collateral in accordance with NYS Finance Law prior to the bid due date. The account title must be "NYS Office of State Comptroller, Taconic DDSO as Trustees for Patient Fund Account."
Interest payments are required quarterly on twenty specified dates from December 22, 2026 through September 22, 2031, with funds deposited to the State of New York, Taconic DDSO Patient Fund Account. Funds will be transferred to the winning bidder on September 22, 2026.
The incumbent for the prior substantially similar contract is JP Morgan Chase. There are no SDVOB, MBE, WBE, or DBE contracting goals associated with this procurement. Quotes should be submitted via email to Jennifer Vallely at jennifer.vallely@opwdd.ny.gov and eny.nyc.li.contracthub@opwdd.ny.gov, or by mail or hand delivery to the OPWDD Contract Management Unit at Wassaic, New York. OPWDD reserves the right to reject any and all offers.
Opportunity text
The Office for People with Developmental Disabilities (OPWDD) Contract Management Unit on behalf of Taconic Developmental Disabilities State Operations Office (DDSOO) is soliciting quotes for a five-year Certificate of Deposit for the term of 9/22/2026-9/22/2031 in the amount of $1,500,000.00. Interest must be paid quarterly to the State of New York, Taconic DDSO Patient Fund Account on the following dates:12/22/2026, 3/22/2027, 6/22/2027, 9/22/2027, 12/22/2027, 3/22/2028, 6/22/2028, 9/22/2028, 12/22/2028, 3/22/2029, 6/22/2029, 9/22/2029, 12/22/2029, 3/22/2030, 6/22/2030, 9/22/2030, 12/22/2030, 3/22/2031, 6/22/2031 and 9/22/2031. Per NYS Finance Law, the bank must be a commercial lending institution, have sufficient collateral, and have filed necessary documents with NYS Office of the State Comptroller, Banking/Cash Mgmt. Dep't., (518) 486-4642, prior to the bid date for the RFQ. Title/Name on account must be: NYS Office of State Comptroller, Taconic DDSO as Trustees for Patient Fund Account Funds will be transferred to the bidder providing the highest interest rate on 9/22/2026. OPWDD will select the responsible and responsive Bidder that will provide the highest interest rate. Only one contractor will be selected. Only proposals judged to be responsive to the submission requirements set forth in this RFQ will be evaluated. OPWDD reserves the right to reject any and all offers. Business enterprises awarded an identical or substantially similar procurement contract within the past five years: JP Morgan Chase Service-Disabled Veteran-Owned Business (SDVOB) SDVOB Goal: 0.00% Minority / Women Business Enterprise contracting goals (MWBE) MBE Goal: 0.00% WBE Goal: 0.00% Disadvantaged Business Enterprise contracting goals (DBE) DBE Goal: 0.00%
Files
| File | Type | Posted |
|---|---|---|
| RFQ TAC 091126.pdf |
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