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City of St. Petersburg·Florida

Armored Collection Services

Closes 11/10/2026$1.8M – $3MInvitation for Bid
Get bids like this by emailBid source

Description

The City of St. Petersburg is soliciting a qualified vendor to provide full‑service armored cash collection and deposit operations for multiple municipal locations, with deposits made to JP Morgan Chase. The contract will be a three‑year agreement (with two optional one‑year renewals) covering scheduled pick‑ups, emergency services, background‑check compliance, licensing, bonding, and detailed reporting. Vendors must demonstrate at least three years of armored‑car experience, maintain required firearms and security licenses, and submit a comprehensive cost proposal covering per‑pick‑up rates. • Scope: Daily/next‑day cash pick‑up, transport, and deposit for City facilities. • Term: 3 years (plus two optional 1‑year extensions). • Mandatory qualifications: 3 + years armored‑car experience, State and Federal security licenses, $500 k fidelity bond, background checks. • Deliverables: Timely pick‑ups per schedule, emergency/after‑hours service, monthly/quarterly transaction reports, single point of contact. • Submission: Electronic via OpenGov by 3:00 pm on Nov 10, 2026; questions due Oct 27, 2026.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Candice Winter(Procurement Analyst)

[email protected]

(727) 893-7338

Key dates

Opened
10/7/2026
Questions due
10/27/2026
Closes
11/10/2026
Duration
3 years

Last updated

Details

Type
Invitation for Bid
Industry
Security Services
NAICS
488490
Solicitation №
IFB- 26 - 311

Budget estimate

$1,800,000 – $3,000,000

The solicitation does not disclose a total contract value. Based on the listed pick‑up quantities (≈3,900 pick‑ups per year) and typical industry rates for armored services ($150‑$250 per pick‑up), annual revenue could range from $585,000 to $975,000. Over the three‑year base term, the contract value is therefore estimated between $1.8 million and $3.0 million, with additional revenue possible from change‑order deliveries and emergency services. Factors influencing the final amount include negotiated unit rates, the actual number of pick‑ups (which may vary), and any optional one‑year extensions.

AI estimate from the solicitation

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