Banking Services
Closed State & local contract opportunity
- Solicitation number
- RFP2025-2
- State
- Florida
- Responses due
Opportunity facts
- Jurisdiction
- UNSPSC codes
- 84101602 Bi lateral or multi lateral aid
- 84121602 Letter of credit services
- 84121605 Currency conversion service
- 93151701 Currencies or coinage
- 93151608 Government or central bank services
- 64150000 Monetary instruments or currency
- 84120000 Banking and investment
- 84111700 Corporate finance
- 84121600 Funds transfer and clearance and exchange services
- 84122000 Cash vault services
Show all 37
- 64151502 Commercial banknotes
- 64151504 Local currency
- 64151505 Digital currency
- 84101604 Government aid
- 84121501 Privately owned banks
- 84121502 Publicly owned banks
- 84121503 Credit unions
- 84121504 Development finance institutions
- 84122001 Deposit verification services
- 84121900 Mortgage banking
- 84121901 Housing finance
- 84121902 Re financing services
- 64151500 Representative money or currency
- 84101603 Non governmental aid
- 84121601 Funds clearance services
- 84121603 Currency exchange services
- 84121604 Spot exchange transaction services
- 93151702 National bank notes
- 84121500 Banking institutions
- 93151700 Currency
- 64151503 Coins or coinage
- 64151501 National banknotes
- 84101601 Co financing
- 84121607 Operating lease finance service
- 84121606 Remittance processing services
- 93141901 Agricultural commercial banking services
- 84121903 Commercial mortgage finance
- Point of contact
-
- Tyrone White twhite@coopercity.gov (954) 434-4300
Opportunity details come from procurement.opengov.com. Updated .
About this opportunity
The City of Cooper City, Florida, located in Broward County, is seeking proposals for comprehensive banking services through Request for Proposal (RFP) No. 2025-2. The procurement aims to secure a qualified financial institution to provide full banking services for the City's Finance Department, with a proposed contract term of five years and an option to renew for an additional five years. The selected vendor will manage multiple accounts, including one operating account, one zero-balance accounts payable account, and one Development Impact Fee account. Required services encompass online account access, daily balance reporting, positive pay, wire transfers, remote deposit capture, and comprehensive treasury management services. The evaluation process will be weighted with 70% focused on technical criteria and 30% on pricing, assessing proposers' qualifications, approach, transition plan, and pricing structure. Key dates include a non-mandatory pre-proposal meeting scheduled for April 25, 2025, at 1:00 pm via Zoom, with proposals due by May 12, 2025, at 3:00 pm EST through the OpenGov Procurement Portal or the City Clerk's Office.
The RFP documents do not specify explicit set-aside designations or restrictions on responding organizations. The banking services will be compensated through earnings credits on account balances, with no direct monetary compensation from the City to the contractor. The contract will be awarded on a non-exclusive basis, requiring the selected bank to integrate with the City's existing financial systems and conform to specified scope of services. While specific budget ranges are not detailed, the contract includes provisions for comprehensive performance standards, insurance requirements, confidentiality, and compliance with local and federal regulations. The successful contractor must adhere to various legal and operational standards, including E-Verify requirements and public records laws, with all developed works and materials becoming the property of the City. The procurement allows for potential integration with existing financial infrastructure, emphasizing the need for technological compatibility and seamless service delivery.
Opportunity text
The City of Cooper City ("City") requests proposals for Banking Services, in conformity with the requirements contained herein.
It is the intent of the City to Cooper City (the "City") is seeking a qualified proposer to provide banking services as specified within this solicitation.
All good(s) and/or service(s) not identified which are regularly required to complete this type of work will be furnished at proposed pricing and shall conform in quality, workmanship and service to that usually provided by the best practices as specified in this request for proposal (RFP).
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