Circuit court trust management solution

Greenville County is seeking proposals for a Circuit Court Trust Management Solution through RFP #22097, specifically targeting qualified banks to provide an FDIC-insured banking solution for managing approximately 74 current Trust Accounts totaling $10,433,280 for the Clerk of Court's Circuit Court office. The procurement requires a comprehensive banking service that includes electronic and paper statements, online banking features, no penalties for early withdrawals, and wire transfer capabilities. Proposals were due by June 8, 2022, at 4:00 pm, with the county reserving the right to interview respondents or request demonstrations. The evaluation criteria are equally weighted at 20% each, focusing on RFP responsiveness, funds management solutions, ease of opening and closing trust accounts, references, and customer support services. Vendors must submit proposals electronically through the county's online procurement portal and provide references, company background, and a detailed scope of work demonstrating project understanding.

There are no specific set-aside designations or restrictions mentioned for disadvantaged enterprises in the documentation. The county's Sample Services Agreement indicates potential contract extensions up to four additional annual renewals, with the ability to terminate with 30 days' written notice. Insurance requirements for the eventual contractor include comprehensive general liability ($1,000,000 per occurrence), automobile liability ($1,000,000 per occurrence), and statutory worker's compensation. The procurement documents suggest that any associated banking fees would be offset by a reduction in the interest-bearing rate, ensuring no direct costs to the court agency. While no specific budget range is explicitly stated, the current trust account total of $10,433,280 provides insight into the potential scale of the banking relationship. The contract will require compliance with various legal standards, including the South Carolina Illegal Immigration Reform Act and other state and federal regulations.