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Awarded contract·Putnam County School District·Florida

Banking Services

Won by South State Bank$5MSingle Award
Contract source

Awarded vendors

  • South State Bank

Description

The Putnam County School District has awarded a contract for banking services to South State Bank. The contract commenced on July 1, 2024, and has a term of 5 years, with the possibility of 5 one-year extensions. The contract was awarded based on a competitive evaluation process, with South State Bank receiving the highest total score. The scope of work includes providing banking services to the school district. Key features of the contract include: • The contract has a term of 5 years, with the possibility of 5 one-year extensions • The contract was awarded to South State Bank, who received the highest total score in the evaluation process • The scope of work includes providing banking services to the school district • The contract commenced on July 1, 2024 • The evaluation committee consisted of 5 members, who evaluated the proposals based on various criteria.

Attached files

Key dates

Starts
7/1/2024
Ends
7/1/2029Renews
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
522110
Solicitation №
RFP 540062410

Contract value

$5,000,000

The contract value is not explicitly stated in the document. However, based on the scope of work and the fact that it is a 5-year contract for banking services, a rough estimate of the contract value could be in the range of $500,000 to $2 million per year, depending on the services provided and the volume of transactions. This would put the total contract value at $2.5 million to $10 million over the 5-year term.

AI estimate from the award documents

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