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  5. ›BANKING SERVICES, SAFEKEEPING, & LOCKBOX SERVICES

Awarded contract·City of North Richland Hills·Texas

BANKING SERVICES, SAFEKEEPING, & LOCKBOX SERVICES

Won by American National Bank of Texas +2 more$300kMultiple Award
Contract source

Awarded vendors

  • American National Bank of Texas
  • Frost Bank
  • J.P. Morgan

Description

The City of North Richland Hills is seeking proposals from qualified financial institutions to provide bank depository services, including safekeeping and lockbox services. The objective of this RFP is to identify the financial institution that will provide the highest quality service at the best value. The contract will be awarded to the vendor that submits the most responsive proposal. Key aspects of the contract include: • Providing bank depository services to the City of North Richland Hills • Offering safekeeping and lockbox services • Submitting proposals that include all required documents and information • Being responsive to the needs of the City of North Richland Hills The City of North Richland Hills reserves the right to reject in part or in whole all bids submitted, and to waive any technicalities for the best interest of the City.

Attached files

Key dates

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
522110
Solicitation №
19-007

Contract value

$300,000

The value of this contract cannot be determined with certainty, as the document does not provide explicit information on the contract value. However, based on the scope of work, which includes providing bank depository services, safekeeping, and lockbox services to the City of North Richland Hills, it can be estimated that the contract value will be in the range of $100,000 to $500,000 per year, depending on the services provided and the fees charged by the selected vendor. Factors that may influence the contract value include the number of transactions processed, the volume of deposits, and the level of service required.

AI estimate from the award documents

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