This Solicitation opportunity from California was posted on December 18, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
IFB #V92812508 Joint Venture Program (JVP) Savings Accounts
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
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AI Contract Overview
The California Prison Industry Authority (CALPIA) is soliciting bids from banks to provide savings deposit accounts as part of the Joint Venture Program (JVP) for eligible incarcerated individuals. This solicitation, titled IFB #V92812508, seeks financial institutions to manage the saving portion of inmate compensation in accordance with California Code of Regulations, Title 15, Division 3, Chapter 1, Subchapter 5, Article 9. The opportunities for performance are centered in Folsom, California, with a response deadline set for December 30, 2025. The initiative is designed to offer secure financial services tailored to this unique population, ensuring adherence to regulatory standards and institutional policies. The procurement process is governed by CALPIA’s standardized contract terms, including compliance with environmental, legal, and accessibility requirements, as well as adherence to state and penal codes. Contractors must maintain strict security and operational protocols as outlined in the Security Provisions document, which details site access, security clearances, and employment restrictions related to the correctional environment. Bidders are required to follow detailed submission guidelines under CALPIA’s IFB process, including proper bid formatting, timely submission, and responsiveness to any solicitation modifications. The contract emphasizes operational integrity, safety compliance, and clear lines of accountability between CALPIA and participating financial institutions throughout the contract lifecycle.
General Info
Place of Performance
Folsom, CA, USASet-Aside
Timeline
Submission Closed
Organization & Contact Information
Full Description
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