Performance Bond or Letter of Credit Provider

The contract requires the provider to supply either a performance bond or an irrevocable letter of credit equivalent to 100% of the contract value to ensure full financial assurance of the banking obligations outlined in the subcontract. This guarantee must be issued by a qualified institution and remain valid throughout the term of performance to protect against non-performance or financial default. The solicitation is issued by the Ohio Treasurer’s Office under NAICS code 524126 and is categorized as a subcontract, indicating it supports a larger procurement effort managed by the agency. Interested parties must submit their proposals by the response deadline of May 27, 2026, at 5:30 PM, and while no specific location for performance is listed, the obligation ties directly to banking activities under the oversight of the Ohio state government. The posting date is April 24, 2026, and all details are accessible through the provided public procurement portal link.