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  5. ›NMSU Banking & Merchant Services

Awarded contract·New Mexico State University (NMSU)·New Mexico

NMSU Banking & Merchant Services

Won by Wells Fargo Bank$200kSingle Award
Contract source

Awarded vendors

  • Wells Fargo Bank

Description

The contract is for banking and merchant services for New Mexico State University. The university is seeking a vendor to provide these services, and the contract was awarded to Wells Fargo Bank. The contract details are not fully specified in the provided text, but it includes information about the bidding process, evaluation criteria, and terms and conditions. Key aspects of the contract include the provision of banking and merchant services, the requirement for the vendor to have a Resident Business or Native American Resident Business Certificate, and the need for the vendor to upload their proposal through the NMSU online bidding system. The contract also mentions the possibility of other governmental entities within the State of New Mexico contracting with the vendor under the terms contained in the agreement. • The contract is for a single award. • The contract includes a detailed description of the services required. • The contract has a specific bidding process and evaluation criteria. • The contract requires the vendor to comply with New Mexico state laws and regulations. • The contract includes a provision for the vendor to provide insurance certificates. • The contract has a specific timeline for the bidding process and contract award.

Attached files

Key dates

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
522110
Solicitation №
2025-RFP-681

Contract value

$200,000

The value of the contract is not explicitly stated in the provided text. However, based on the services required, 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 banking and merchant services for a university. The actual value may be higher or lower, depending on the specific requirements and the vendor's pricing. Factors that may influence the contract value include the number of users, the volume of transactions, and the level of service required.

AI estimate from the award documents

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