This Solicitation opportunity from Florida was posted on December 30, 2020. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

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Fiscal Year 2021 Bank Loans Number One

Closed

Bid-2020-07-0-2021/MPGState & Local

Submission Closed01/27/2021, 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: 522299

SLED

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POSTED

DEADLINE

Back-Office Payment Processing & ReconciliationThis subcontract, titled Back-Office Payment Processing and Reconciliation, is issued by Sourcewell to manage critical financial operations for transit fare payments. The scope of work encompasses a comprehensive suite of services including transaction processing, fraud detection, settlement, reporting, and reconciliation to ensure the secure and accurate handling of fare revenue. The contract is categorized under NAICS code 522299 and was posted on January 7, 2026. It features an extended response deadline of April 10, 2030, providing a significant window for coordination and execution of these specialized financial services.

POSTED

DEADLINE

Payment Gateway & Financial Transaction ProcessingThis subcontract through Sourcewell focuses on the implementation of a Payment Gateway and Financial Transaction Processing system specifically designed for transit fare transactions. The scope of work encompasses the secure handling of high-volume payments, ensuring full PCI compliance, and providing robust mechanisms for settlement and reconciliation. Additionally, the contract requires the integration of advanced fraud detection capabilities to maintain the integrity of the financial ecosystem. The agreement is categorized under NAICS code 522299 and was posted on January 7, 2026, with a response deadline extending to April 10, 2030. Managed by Sourcewell, this procurement aims to establish a reliable infrastructure for processing transit-related payments while adhering to strict security and financial standards.

Sourcewell

POSTED

10 months ago

DEADLINE

in over 3 years

AI Contract Overview

The City of Weston in Florida is seeking proposals from qualified financial institutions to provide non-bank qualified loans totaling approximately $32,325,000. These loans are intended to support the city's financial needs but are explicitly not designated as Qualified Tax Exempt obligations under Section 265(b)(3) of the Internal Revenue Code. The solicitation, titled "Fiscal Year 2021 Bank Loans Number One," was posted on December 30, 2020, with a response deadline set for January 27, 2021. The city is conducting this procurement as part of its financial management strategy, and interested institutions can find additional details and submit their responses through the provided DemandStar link. The contract does not specify set-aside categories or NAICS codes, indicating an open competitive process aimed at securing the most favorable terms for the city’s borrowing needs.

General Info

Agency

Florida → City of Weston

NAICS

522299 - International, Secondary Market, and All Other Nondepository Credit Intermediation

Place of Performance

FL, USA

Set-Aside

NONE

Documents

No documents available

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AI Contract Breakdown

Uniform Contract Format

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Timeline

PhaseClosed

PostedDec 30

Solicitation

Response DeadlineJan 27

Deadline has passed

Submission Closed

01/27/2021, 12:00:00 AM UTC

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Organization & Contact Information

AgencyFlorida → City of Weston

ContactsNo contacts available

OfficeN/A

Organization / Agency

Florida → City of Weston

Office AddressN/A

ContactsNo contact information available

Full Description

The City of Weston (the “CITY”) is soliciting qualified financial institutions to extend non-bank qualified loans (the “Loans”) to the CITY in the aggregate amount of $32,325,000. The CITY is NOT seeking to obtain the loans as a “Qualified Tax Exempt” obligation under Section 265(b)(3) of the Internal Revenue Code of 1986.