General Banking Services

Solicitation FB-27-003 is a Request for Proposal issued by the University of Arkansas at Little Rock to secure general banking services. The scope of work involves managing bank balances that typically fluctuate between 10 million and 12 million dollars. The contract is designed for an initial four-year term starting in January 2027, with the possibility of three one-year renewals, not to exceed a total aggregate term of seven consecutive years. Award selection is based on the highest Grand Total Score, which considers cost and technical factors, including experience, solution, and risk. A minimum weighted technical score of 300 is required to remain eligible for consideration. The university has established strict performance standards to ensure service quality, including a 99 percent requirement for same-day deposit posting, 99.5 percent accuracy for ACH and wire processing, and 100 percent accuracy for monthly reporting and positive pay exception delivery by 9:00 AM CST daily. Compliance with Arkansas Code §19-8-201 for collateralization of non-FDIC balances and adherence to the university's investment policy are mandatory. Failure to meet these standards may result in escalating monetary penalties or temporary suspension of services. Submission requirements include a Technical Response Packet and a separately sealed Financial Proposal Packet. Offerors must provide certifications regarding the boycott of Israel, illegal immigrant employment, and restrictions on scrutinized companies owned by the Chinese government. Additionally, bids exceeding 20,000 dollars require a completed Contract and Grant Disclosure Form. Payment is processed according to State of Arkansas accounting procedures upon university acceptance of services, and invoicing in advance of delivery is prohibited.