This Solicitation opportunity from Maryland was posted on September 4, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

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Escrow Agent & Paying Agent Services for the Maryland State Treasurer's Office, the Maryland Department of Transportation & Other State Agencies as needed

Closed

BPM046170State & Local

Submission Closed09/26/2024, 12:00:00 AM UTC

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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NAICS: 523999

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POSTED

11 months ago

DEADLINE

N/A

AI Contract Overview

The Maryland State Treasurer’s Office is seeking bids through an Invitation for Bids to establish a contract for escrow and paying agent services, which will support the Office itself, the Maryland Department of Transportation, and other state agencies as needed. The contract is intended to run from October 1, 2024, through September 30, 2026, with the possibility of two additional two-year renewal periods. The scope of work involves managing escrow accounts and acting as a paying agent to facilitate various financial transactions required by state agencies, ensuring compliance and efficiency in their financial operations. The solicitation, identified as BPM046170, was posted on September 4, 2024, with a deadline for responses set for September 26, 2024. The contract value is estimated to range between $500,000 and $2,000,000, reflecting the scope and scale of services needed. Interested bidders are directed to contact Kris Chewlin via email for further information and can access additional details through the provided online portal. This procurement aims to secure reliable financial service providers to support the state's financial management functions over the specified term and renewal periods.

General Info

Agency

Maryland State Treasurers Office - Administration

NAICS

523999 - Miscellaneous Financial Investment Activities

Place of Performance

MD, USA

Set-Aside

NONE

Documents

IFB #ESC-09042024: Escrow Agent & Paying Agent Services

ifb

High

AI Contract Breakdown

Uniform Contract Format

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Timeline

PhaseClosed

PostedSep 4

Solicitation

Response DeadlineSep 26

Deadline has passed

Submission Closed

09/26/2024, 12:00:00 AM UTC

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Organization & Contact Information

AgencyMaryland State Treasurers Office - Administration

Contacts1 person available

OfficeN/A

Organization / AgencyMaryland State Treasurers Office - Administration

Office AddressN/A

Contacts

Kris CHEWLIN

contact@example.gov

Full Description

The State Treasurer’s Office (STO or the "Office") is issuing this Invitation for Bids (IFB) in order to procure the services defined in this IFB, from a contract between the successful bidder and the State Treasurer’s Office and other State agencies, such as Maryland Department of Transportation, in providing escrow and paying agent services and helping the agencies carry out their duties for the term of October 1st 2024 through September 30th 2026, with two two-year renewal options.