Bank Depository

The contract is for bank depository services, with technical criteria points awarded for cost of services, additional services, funds availability schedule, automated services offered, ability of the proposer to provide necessary services, experience in providing depository services, collateralization policy, and fraud prevention/notification policy. The contract was awarded to Bank of America and BBVA Compass. The scope of work includes providing depository services to similar accounts. Key information to consider is the strength of the project team, experience in providing depository services, and the collateralization policy. • The contract is for bank depository services • Technical criteria points were awarded for various factors • The contract was awarded to Bank of America and BBVA Compass • The scope of work includes providing depository services to similar accounts • Key considerations include the strength of the project team, experience in providing depository services, and the collateralization policy