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  5. ›RFP No. 1012-26-029 Banking Services

Awarded contract·GoTriangle (Research Triangle Regional Public Transportation Authority)·North Carolina

RFP No. 1012-26-029 Banking Services

Won by JPMorgan Chase Bank, N.A.$10MSingle Award
Contract source

Awarded vendors

  • JPMorgan Chase Bank, N.A.

Description

GoTriangle issued RFP 1012‑26‑029 to obtain comprehensive banking and treasury services, including core deposit accounts, remote deposit capture, lock‑box processing, online banking, fraud prevention, and optional services such as a purchasing‑card program, check validation, and armored cash transport. The agency requires a full‑service branch within 15 mi of its headquarters and expects an implementation and customer‑service plan within 60 days of award. The solicitation was competitively sourced, received multiple proposals, and was ultimately awarded to JPMorgan Chase Bank, N.A. The contract emphasizes integration with the agency’s Microsoft Dynamics 365 ERP, adherence to NIST/ISO‑27001 security standards, and robust business‑continuity/disaster‑recovery capabilities.

Attached files

Key dates

Bids closed
6/9/2026
Contract modified
5/19/2026

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
522310
Solicitation №
RFP No. 1012-26-029

Contract value

$10,000,000

No contract value was disclosed. Using the agency’s disclosed activity levels (e.g., $5 M overdraft limit, ~$23 k monthly P‑Card spend, ~32 cash deposits/month, and standard fees for lock‑box, RDC, and treasury services), a reasonable annual fee range for a full‑service banking relationship with a regional authority of this size is roughly $2 M–$4 M. Assuming a typical three‑year contract term, the total contract value is estimated around $8 M–$12 M. Mid‑point of that range yields an approximate value of $10 M.

AI estimate from the award documents

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