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Banking Services

Solicitation # RFP20252
Posted 6/24/25, 9:57 AM
No Updates
Due 5/12/25, 3:00 PM
State
Florida
Source
View
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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.

Generated 6/27/25, 10:31 AM