The Arvada Fire Protection District (Arvada Fire) has issued a Request for Proposals (RFP) for comprehensive banking services, seeking qualified financial institutions to support its cash management, transaction processing, and fraud prevention needs. The procurement targets a banking partner capable of delivering secure, cost-effective, and technologically advanced services for the district, which serves approximately 172,000 citizens across Arvada, Wheat Ridge, and unincorporated Jefferson County, Colorado. The RFP outlines specific service requirements including wire transfer services (averaging 2 wires per year), ACH transactions (3,000 sent and 200 received annually), remote deposit services, and lockbox services for Emergency Medical Services. Evaluation criteria will be weighted across multiple factors: quality of services and technology (25 points), experience and governmental knowledge (15 points), fraud protection capabilities (15 points), fees and cost competitiveness (20 points), implementation plan and support (15 points), and quality of references (10 points). The proposal submission deadline is August 22, 2025, with a target award date in September 2025. The RFP does not specify explicit set-aside designations or restrictions on responding organizations. The district currently maintains three primary operating accounts and utilizes 25 credit cards with a $300,000 credit limit. The annual operating budget is approximately $74 million, suggesting a potentially significant contract value. Technological requirements include capabilities such as positive pay, fraud protection, API integrations, remote deposit, and online payment services. The selected financial institution will be expected to enhance the district's existing banking infrastructure and provide comprehensive support across nine fire stations. While no incumbent vendor is specifically mentioned, the RFP indicates a desire for a financial partner with robust governmental banking experience and advanced technological capabilities to meet the district's complex operational needs.
Name | Description | Size | Type (Click to sort descending) | Posted (Click to sort descending) |
|---|---|---|---|---|
Request for Proposal AFPD Banking Services.pdf | 233KB | 7/24/25 |