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  5. ›RFB BANKING & MONEY COUNTING SERVICES REBID

New Jersey Turnpike Authority·New Jersey

RFB BANKING & MONEY COUNTING SERVICES REBID

Closes 10/27/2026$1M – $5MInvitation for BidLogin required
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Description

This solicitation seeks a vendor to provide comprehensive banking and money‑counting services for the New Jersey Turnpike Authority. The work includes armored‑car cash transport, high‑volume cash counting (paper and coins), deposit processing, daily electronic reporting, and full compliance with stringent security, insurance, and audit requirements. The contract is for a three‑year term with two optional one‑year extensions, and the award will go to the lowest responsible and responsive bidder. Mandatory deliverables include a 10 % bid security bond, a contract bond up to 100 % of the bid price, and extensive documentation (ownership disclosure, insurance certificates, equal‑employment certifications, etc.). • Provide daily cash‑transport, counting, verification, and electronic deposit services across the Turnpike and Parkway facilities. • Maintain rigorous security protocols (metal detectors, badge readers, video surveillance) and meet New Jersey insurance/bond thresholds (minimum $3‑$4 M liability, $4 M bankers blanket bond). • Submit required certifications, insurance certificates, and pre‑award documentation; comply with audit and record‑retention rules (≥ 5 years).

Attached files

Contact

[email protected]

(732) 750-5300

Key dates

Opened
10/13/2026
Questions due
10/19/2026
Closes
10/27/2026
Duration
3 years

Last updated

Details

Type
Invitation for Bid
Industry
Financial Services
NAICS
522320
Solicitation №
RM-200082 REBID

Budget estimate

$1,000,000 – $5,000,000

The solicitation does not disclose a contract value; however, the estimated annual cash volume is roughly $143 M for the Turnpike and $43 M for the Parkway. Assuming a fee structure of 1–3% of cash volume for counting and banking services, the annual revenue could range from $1.9 M to $5.6 M, yielding a total contract value of approximately $5 M–$15 M over the three‑year base term (extensions could increase the ceiling).

AI estimate from the solicitation

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