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This Government Contract opportunity from North Dakota was posted on August 23, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

Collateralization and Investment of Excess Municipal Funds

Closed
State & Local

Contract Overview

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The City of Minot in North Dakota is seeking a subcontractor for the collateralization and investment of excess municipal funds. This contract focuses on the management of collateral for deposits that exceed FDIC limits, ensuring compliance with North Dakota law by maintaining a 110 percent collateralization rate. The scope of work includes the handling of letters of credit, securities, and other acceptable instruments, and may extend to providing custodial or advisory services. The solicitation was posted on August 23, 2024, with a response deadline of September 27, 2024. Classified under NAICS code 523930, the agreement is designed to secure municipal funds through professional investment and collateral management strategies. Interested parties can find further details through the City of Minot's official bidding portal.

General Info

City of Minot seeks subcontractor for municipal fund collateralization and investment management services.

Place of Performance

ND, USA

Set-Aside

NONE

Documents

This scope was carved out of 559.

The full solicitation package (1 document), including the RFP, is on the prime solicitation, not on this scope.

View the prime solicitation

Bid Notice: Request For Proposal For Banking Services

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Timeline

PhaseClosed
Posted

subcontract

Response Deadline

Deadline has passed

Submission Closed

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Organization & Contact Information

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AgencyNorth Dakota → City of Minot
ContactsNo contacts available
OfficeN/A
Organization / AgencyNorth Dakota → City of Minot
Office AddressN/A
ContactsNo contact information available

Full Description

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Management of collateral for deposits exceeding FDIC limits (110% per ND law), including letters of credit, securities, or other acceptable instruments; may involve custodial or advisory services.

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