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Awarded contract·Frederick County Procurement & Contracting Department·Maryland

Custodial Bank Services

Won by U.S. Bank National Association +1 more$300kMultiple Award
Contract source

Awarded vendors

  • U.S. Bank National Association
  • Wilmington Trust, N.A.

Description

The Frederick County Procurement & Contracting Department is seeking proposals from qualified providers for the provision of custodial bank services for the Finance Division of Frederick County. The services are to be provided for the investments of the County's operating funds, Pension Trust Fund, OPEB Trust Fund, and LOSAP Trust Fund. The contract was awarded to U.S. Bank National Association and Wilmington Trust, N.A. • The contract is for custodial bank services • The services are for the investments of the County's operating funds and trust funds • The contract was awarded through a competitive bidding process • The point of contact for the contract is Laura Schug, the buyer for the Frederick County Procurement & Contracting Department.

Attached files

Key dates

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
522110
Solicitation №
25-437

Contract value

$300,000

The contract value is not explicitly stated in the documents. However, based on the scope of work, which includes custodial bank services for the investments of the County's operating funds and trust funds, it can be estimated that the contract value is likely to be in the range of $100,000 to $500,000 per year, depending on the specific services provided and the fees charged by the vendors.

AI estimate from the award documents

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