IFB C5612646-D Banking Services

The California Department of Corrections and Rehabilitation (CDCR) is seeking a banking services contractor through Invitation for Bid (IFB) #C5612646-D for its Accounting Services Branch located in Elk Grove, Sacramento County. The procurement solicits a licensed bank to provide comprehensive banking services, including bank draft/checking account services, daily delivery of paid checks, stop payments, monthly account maintenance, positive pay exceptions processing, and online check imaging. The contract will cover services from July 1, 2025, through June 30, 2028, with an estimated monthly transaction volume of 1,000 check payments, 500 electronic issues, and 175 exception items. Bids are due March 31, 2025, by 11:00 AM, with a public bid opening scheduled for April 2, 2025, at 2:00 PM. Bidders must be authorized to do business in California by the Department of Financial Protection and Innovation or Federal Reserve Board, and will be evaluated based on per-transaction pricing for 31 different banking services, with pricing requirements including all expenses and the option to offer discounts for early invoice payment.

The solicitation encourages participation from small businesses and offers Disabled Veteran Business Enterprise (DVBE) incentives ranging from 1-5%, though no minimum DVBE participation goal is mandated. The State has a 25% Small Business participation requirement, and certified small/micro businesses are specifically encouraged to submit bids. The contractor will be expected to provide an anti-fraud Positive Pay feature and grant CDCR earning credits based on average positive collected balances. While no specific budget range is explicitly stated, the detailed rate sheet suggests the contract will involve numerous transaction types with varying price points. The procurement allows for zero-dollar pricing for some services, and bidders must provide pricing for all listed items, with the highest discount percentage potentially serving as a tiebreaker in the event of equally competitive bids.