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This Solicitation opportunity from Texas was posted on May 16, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

RFA 6551 Depository Services

Closed
1277State & Local

Contract Overview

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

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NAICS: 522110
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DEADLINE

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POSTED

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DEADLINE

in 17 days
NAICS: 522110
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Solicitation # 2610-KP
The Sacramento Housing and Redevelopment Agency is seeking a qualified financial institution through solicitation 2610-KP to provide comprehensive banking and investment services. The selected partner will manage a wide array of financial activities, including the administration of Housing Choice Voucher disbursements, payroll, accounts payable, rent collection, and the management of short-term investments and escrowed funds. The contract requires a partner capable of maintaining HUD-compliant banking practices, ensuring the security of public assets, and providing advanced cash management tools such as ACH fraud filters, positive pay services, and electronic reporting. The procurement process is governed by HUD non-construction instructions and requires all proposals to be submitted via the Agency's Electronic Bid Portal. Award decisions will be based on the most advantageous offer, considering price and the contractor's financial resources, performance record, and business ethics. The contract includes strict compliance requirements, including adherence to the HUD General Depository Agreement, the Federal Privacy Act of 1974, and Section 3 of the Housing and Urban Development Act of 1968. Additionally, the contractor must maintain appropriate insurance naming the Agency as an additional insured and comply with California state laws regarding child and family support enforcement for contracts exceeding 100,000 dollars.
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POSTED

25 days ago

DEADLINE

in 10 days

AI Contract Overview

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The City of Corpus Christi, Texas, is seeking qualified applicants to provide depository services under a new contract starting January 1, 2026, with an end date of December 31, 2030. This follows the expiration of the current contract on December 31, 2025. The solicitation, titled "RFA 6551 Depository Services," was posted on May 16, 2025, with a deadline for responses set for June 24, 2025. The contract value is estimated to be between 5 million and 15 million dollars, reflecting the scope and importance of the banking and deposit management services required by the City. The procurement process is managed under the Texas Local Government Code Chapter 105, and the City is looking for experienced financial institutions or qualified entities capable of providing secure and efficient depository services. Interested applicants can access further details and submit their responses through the designated supplier portal link. The contract aims to ensure the City’s funds are managed securely and efficiently over the five-year period, supporting the City’s financial operations and public service commitments.

General Info

Agency

Texas → Corpus ChristiView Agency

NAICS

522110 - Commercial BankingView NAICS

Place of Performance

TX, USA

Set-Aside

NONE

Documents

(3)

2024 City of Corpus Christi Investment Policy w Signed Resolution.pdf

PDF

RFA 6551 Attachment A - Depository Services Pricing Sheet.xlsx

XLSX

RFA 6551 Depository Services.pdf

PDF

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Timeline

1 update
PhaseClosed
Posted

Solicitation

Amendment 1

Contract was updated

Response Deadline

Deadline has passed

Submission Closed

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Organization & Contact Information

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AgencyTexas → Corpus Christi
ContactsNo contacts available
OfficeN/A
Organization / Agency
Texas → Corpus Christi
View Agency Profile
Office AddressN/A
ContactsNo contact information available

Full Description

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In accordance with Texas Local Government Code Chapter 105, the City of Corpus Christi, Texas (“City”) hereby issues this Request for Applications (“RFA”). The current contract expires December 31, 2025. The City is seeking Applications from qualified Applicants to provide Depository Services beginning January 1, 2026 through December 31, 2030. The City intends to enter into a contract (also referred to herein as “contract” or “agreement”) for these services.

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