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  5. ›CHECK GUARANTEE SERVICES

Knox County·Tennessee

CHECK GUARANTEE SERVICES

Closes 9/17/2021$100k – $500kRequest for Proposal
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Description

Knox County is seeking a qualified firm to provide Check Guarantee Services. The services include check verification, guarantee of payment, and handling of returned checks. The proposal should include a detailed operational plan, proposed costs, and references. The contract will be for a period of one year with the option to renew for up to four additional years. The successful proposer will be required to provide a flat monthly fee for the service, including the lease of machines, maintenance, and replacement costs. • The County processes approximately 10,000 checks per month, with dollar amounts ranging from $3.00 to over $10,000. • The check service company will be responsible for guaranteeing payment to the County and handling returned checks. • The proposer should have experience in providing similar services to governmental agencies. • The proposal should include a preliminary work plan, timetable, and project management plan. • The proposer should also describe their support and maintenance plan, including on-site and off-site support, and the cost of on-site training.

Attached files

Contact

Jay Garrison(Procurement Coordinator)

[email protected]

(865) 215-5767

Key dates

Opened
8/18/2021
Questions due
8/31/2021
Closes
9/17/2021
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522320
Solicitation №
00003084

Budget estimate

$100,000 – $500,000

The estimated budget for this contract is between $100,000 and $500,000 per year, based on the scope of work and the number of checks processed. The actual budget will depend on the proposed costs and the terms of the contract. Factors that may influence the budget include the cost of leasing machines, maintenance, and replacement costs, as well as the cost of on-site training and support.

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