This Solicitation opportunity from Texas was posted on March 28, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Depository Services for Coppell ISD
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Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
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Coppell Independent School District is soliciting proposals from banks to provide depository services for the management of district funds. The contract is for an initial two-year term beginning September 1, 2025, and ending August 31, 2027, with the possibility of two additional two-year extensions. The selection process is governed by the Texas Education Code, and the district will evaluate proposals based on the total package of services offered to determine the most advantageous provider. The district maintains the right to pay for services through either fees or targeted balances and may exclude direct payroll deposit services if not offered by the selected bank. Interested banks must submit their proposals electronically via the Coppell ISD eBid portal by 2:00 p.m. CST on April 28, 2025. Submissions must include a signed transmittal letter, completed pricing volumes in Excel, and a cashier's check or bid bond for 5,000 dollars. The selected depository must comply with extensive state and federal regulations, including the Texas Government Code regarding public funds investment and collateral, as well as various certifications concerning anti-terrorism, non-discrimination, and criminal history checks. The district retains broad rights to reject any or all proposals, negotiate conditions, and terminate the contract for convenience or cause.
General Info
Timeline
Submission Closed
Organization & Contact Information
Full Description
Standard Terms and Conditions, RFP Specifications & Proposal Form (instructions),
Attachment A Volumes for Pricing Transactions Attachment A Volumes for Pricing Transactions for Feb 2025 Attachment B District’s Current Account Structure
Attributes tab, and Other Associated attachments.
Please ensure that you read through every ‘Tabs’ carefully and respond to all required questions and documents requested. These provisions will be considered part of any resulting legal and binding contract or purchase order, as if they were included within the document. Introduction In accordance with the Texas Education Code (TEC), Chapter 45, Subchapter G, School District Depositories, the Board of Trustees of the district will select a depository through soliciting proposals for a depository services contract for a term of two years beginning September 1, 2025 and ending August 31, 2027 or until a successor depository is selected, qualified, and agrees to a depository agreement based on either fees or compensating balances. The district and the depository may agree to extend this contract for two additional two-year terms in accordance with the TEC, §45.205. This section requires that the contract and any extension of this contract coincide with the district’s fiscal year. If the district changes its fiscal year, the term of the contract may be shortened or extended no more than one year by mutual agreement to coincide, provided that this contract remains in effect until its successor is selected and has been qualified. If the parties cannot agree, the district has the option to change the term of this contract. The legal provisions providing for naming a depository of the district are set forth in the TEC, Subchapter G, School District Depositories, §§45.201 through 45.209. Investments by the district are governed by the Texas Government Code (TGC), Chapter 2256, Public Funds Investment. Securities pledged as collateral to secure district deposits are governed by the TGC, Chapter 2257, Collateral for Public Funds. Bank Questions There will not be a preproposal conference. Questions regarding this proposal request, or the services requested, will be submitted through the eBid portal at https://coppellisd.ionwave.net, at the address above on or before 2:00 p.m., CST, on Monday, April 28, 2025. Proposal Submission To be eligible for consideration under this request, the bank must its proposal by 2:00 p.m., CST, on Monday, April 28, 2025, through the District’s eBid portal at https://coppellisd.ionwave.net. The district will not accept proposals received after that time. Late submissions will not be accepted. RFP Timeline: The District will make every effort to adhere to the following schedule:
Friday, March 28, 2025, at 2:00 PM CST - Solicitation Issue Date. Friday, March 28, and Friday, April 11, 2025 - Legal Ad posted in the Coppell Gazette. Friday, April 18, 2025, at 2:00 PM CST - Question Cutoff Date. Monday, April 28, 2025, at 2:00 PM CST - Deadline for Submission. Monday, May 19, 2025 - Anticipated Board Award. Tuesday, May 20, 2025 - Award letters sent to Awarded and Non-Awarded Suppliers. Monday, September 1, 2025 - Contract Commencement.
The proposal must be marked “Depository Services.” An accompanying transmittal letter must be signed by a person authorized to bind the institution, state that the proposal is valid for 180 days from the submission date and give full contact information regarding the proposal. ALL questions must be directed through the 'Questions tab' of the Coppell ISD eBid system, available at https://coppellisd.ionwave.net on or before Friday, April 18, 2025, at 2:00 PM CST. The Depository must submit a Cashier's Check or bid bond in the amount of $5,000 payable to the District. If any portion of this contract is awarded to the Depository, the check will be returned. If the Depository fails to execute the contract within a reasonable time frame, the District may cash the check as liquidated damages. If the proposal is not accepted, the check will be returned to the Depository immediately after the contract award. The district is providing this proposal request electronically. The fee schedule, Attachment A, is in Excel format. The bank must submit the proposal in an electronic form. Evaluation Process According to the TEC, §45.206(d), the district must state the selection criteria and select the proposal based on the ranking in relation to the stated selection criteria. The district reserves the right to reject any or all proposals and to accept the proposal the district considers most advantageous. If any portion or provision of this proposal and any contract between the depository and district entered into is invalid, the remainder, at the option of the district, must remain in full force and effect and not be affected. Acceptance of a proposal will be based on the total package of services offered by the bank. Legislative Change Changes in the law that may be enacted by the Texas Legislature, in session, could alter the scope of requirements as stated in this document. The proposal should conform to all statutes in effect at the time of proposal opening. Other Requirements The following requirements must be met:
The bank selected as the depository will notify the district in writing within 10 days of any changes in federal or state regulations or laws that would affect the depository agreement. The depository's records relating to the district's accounts must be open to review by the district, its independent auditors, and the Texas Education Agency. The district reserves the right to pay for depository services by targeted balances or by fees. The district reserves the right to exclude direct payroll deposit service from the depository contract if the bank does not offer direct payroll deposit service.1
District Rights The district reserves the right to:
waive any defect, irregularity, or informality in the proposal or proposal procedures; reject any and all proposals; accept any proposal or portion thereof most advantageous to the district; request additional information or require a meeting with bank representatives for clarification; cancel, revise, or reissue this request for proposal or any portions of it, negotiate any conditions; retain all other provisions even if any provision of the proposal is determined invalid; modify deadlines; and select any proposal considered to be in its best interest as determined by the district.
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