IFB #V92812508 Joint Venture Program (JVP) Savings Accounts

The California Prison Industry Authority (CALPIA) is soliciting bids for Invitation for Bid (IFB) #V92812508, seeking banking services to establish and maintain blocked savings deposit accounts for eligible incarcerated individuals participating in the Joint Venture Program (JVP). This procurement is specifically targeting banks to provide interest-bearing savings accounts that will remain inaccessible to recipients until their release from prison, in accordance with California Code of Regulations. The contract will cover jurisdictions including Sacramento County, Sacramento City, and West Sacramento City. Bidders must demonstrate five years of experience with similar services and provide three references from projects completed within the last three years. Key required submittals include proof of licenses and permits, a Payee Data Record, Economic Sanctions Certification, and Contractor Certification Clauses. The bid submission deadline is December 30, 2025, at 3:00 PM Pacific Time, with bids to be submitted via U.S. mail, common carrier, or hand delivery to CALPIA's Folsom address. The anticipated contract term is two years with a potential two-year extension, with a projected start date of January 10, 2026.

This is a zero-dollar contract, meaning no direct financial compensation will be provided by CALPIA to the contractor. The procurement does not appear to have specific set-aside designations for disadvantaged enterprises. Contractors must comply with comprehensive security provisions, including obtaining gate clearance for employees, passing background checks, and adhering to strict facility access and conduct regulations. All contractor personnel must complete annual tuberculosis testing and follow detailed guidelines about facility interactions and personal conduct. The contract incorporates a Durable Special Power of Attorney mechanism, allowing a CALPIA-designated Administrator to manage accounts on behalf of recipients. Contractors are required to provide monthly account statements and process withdrawal requests within specified timeframes. While no specific budget range is detailed, the contract involves managing savings accounts for incarcerated individuals participating in the Joint Venture Program, suggesting a potentially significant volume of account management responsibilities.