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Awarded contract·County of Sacramento·California

BANKING SERVICES - BANKING, DEMAND DEPOSITS AND INVESTMENT SAFEKEEPING

Won by Bank of the West$5MSingle Award
Contract source

Awarded vendors

  • Bank of the West

Description

The County of Sacramento is seeking banking services, including demand deposits and investment safekeeping. The contract was awarded to Bank of the West after a competitive bidding process. The scope of work includes providing a variety of banking services to the County and other governmental entities. The contract excludes electronic payment solutions and credit card payment activities. • The County's banking needs and volume of activities are described in greater detail in the RFP document. • The contract is expected to start after the existing agreements expire at the end of June 2018. • The County reserves the right to enter into separate agreements for different functions. • The contract is subject to the terms and conditions outlined in the RFP document.

Attached files

Key dates

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
522110
Solicitation №
2017-0001

Contract value

$5,000,000

The value of the contract is not explicitly stated in the document. However, based on the scope of work and the fact that it is a banking services contract, it is likely to be a significant amount. The contract involves providing a variety of banking services to the County and other governmental entities, which could include demand deposits, investment safekeeping, and other related services. The value of the contract could be estimated to be in the range of $1 million to $10 million per year, depending on the specific services provided and the volume of activities.

AI estimate from the award documents

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