RFI Intake, deliver, and process cash and check deposits for UW

The University of Washington (UW) has issued a Request for Information (RFI) to solicit a third-party provider that can intake, deliver, and process cash and check deposits for the UW's Seattle, Bothell, and Tacoma campuses. The key objectives are to secure a cost-effective, long-term solution that centralizes deposits and streamlines the process, while increasing financial controls and audit standards. The RFI outlines requirements such as the ability to intake deposits in bulk, handle cash, coins, and checks, provide secure drop-box locations, and deliver to the bank in a timely manner. The selected provider must meet Washington State's deposit frequency standard as stated in the State Administrative and Accounting Manual (SAAM) 85.20. The RFI is open to qualified Contractors, with submissions due by October 4, 2024. UW intends to issue a resulting Request for Proposals in the near future, but does not provide details on funding requirements, sources, or amounts.

The RFI does not specify any set-aside designations or restrictions on the types of organizations that can respond. It also does not mention any incumbent vendors or current contractors, nor does it provide any information on existing infrastructure or technology that requires integration. The RFI does not list any award values or budget ranges.