Draft Master Banking Services

Broward County's Finance and Administrative Services Department is issuing a draft Request for Proposals, solicitation number GEN2131264P1, for Master Banking Services. The procurement is divided into five functional groups: Lockbox Services, Merchant Card Services, Purchasing Card Services, Third-Party Custodian/Safekeeping Services, and Treasury Services. Qualified vendors may propose for one or multiple service groups, with separate responses required for each. The contract is structured with an initial five-year term and five optional one-year renewals. The evaluation process is based on a 100-point scale, considering factors such as bank strength via credit ratings, prime vendor location, proposed interest rates, and required balances. Additional criteria include the qualifications of professional personnel, the transition and implementation plan, and past performance with public entities of similar size. Vendors must submit all proposals electronically through the BPRO system. High security and compliance standards are required, including SOC 2 Type II reports, PCI certification, and adherence to high-risk security requirements. Required documentation includes a pricing worksheet, criminal history screening certifications, and domestic partnership act certifications.