FY24 Coin Revenue Collection

The District of Columbia Office of Contracting and Procurement (OCP), on behalf of the District Department of Transportation (DDOT), is soliciting bids for a Coin Revenue Collection contract (DCKA-2024-B-0093) to provide comprehensive asset management services for collecting, counting, processing, and depositing coin revenue from the District's curbside parking meter operations. The contract will be structured as a requirements contract with firm fixed price and unit price line items, covering approximately 1,412 multi-space meters and 4,600 single space meters. The procurement requires a contractor capable of achieving a minimum 98% revenue collection and deposit rate, with services focused on managing coin revenue from parking meter operations. The solicitation timeline includes a question submission deadline of August 9, 2024, and a final bid submission deadline of August 23, 2024, at 2:00 PM EST. Bids can be submitted via email to the contracting officer or through the DTAP electronic procurement system. The initial contract term is one base year with four additional one-year option periods, with estimated monthly revenue collection ranging between $55,000 to $85,000.

The contract includes a mandatory small business participation requirement, with at least 35% of the contract value to be subcontracted to small or certified business enterprises. This set-aside provision aims to support local and disadvantaged business participation in the District's procurement process. While specific incumbent vendor information is not provided, the contract represents a critical municipal service for managing parking meter revenue collection and depositing funds into the District's designated banking account. The procurement appears to be open to qualified businesses that can demonstrate capability in cash handling, asset management, and precise revenue processing. The contract's estimated value suggests a potential annual contract range of approximately $660,000 to $1,020,000, depending on actual monthly revenue collection volumes. Interested bidders must carefully review the solicitation documents, particularly Amendment 1 and Amendment 2, which provide critical details about submission requirements and potential modifications to the original solicitation.