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Awarded contract·City of Clermont·Florida

Banking Services

Won by Fifth Third Bank$4MSingle Award
Contract source

Awarded vendors

  • Fifth Third Bank

Description

The City of Clermont has awarded a contract for banking services to Fifth Third Bank. The contract, numbered 2017-128, has a term of 5 years, with an option for a 2-year extension, which was exercised. The contract provides for banking services, including treasury management. The points of contact for the contract are Freddy L. Suarez, Procurement Services Director, and Travis Whitley, Treasury Management Officer at Fifth Third Bank. Key aspects of the contract include: • The contract term is 5 years, with a 2-year extension option • The contract provides for banking services, including treasury management • The points of contact are Freddy L. Suarez and Travis Whitley • The contract was awarded to Fifth Third Bank • The contract has a provision for termination and renewal

Attached files

Key dates

Starts
10/1/2017
Ends
9/30/2024
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
522110
Solicitation №
2017-128

Contract value

$4,000,000

The contract value is not explicitly stated in the provided documents. However, based on the services provided, which include banking and treasury management, it can be estimated that the contract value is likely in the range of $100,000 to $500,000 per year, considering the scope of work and the term of the contract. The total contract value for the 5-year term, including the 2-year extension, could be estimated to be around $1.5 million to $7.5 million.

AI estimate from the award documents

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