City of San Benito Primary Depository Services RFA 2025-02-001
City of San Benito, City of San Benito, TX·City
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- Primary Contact
- Stephanie Sarrionandia
- Contract Term
- 5 years
- Duration
- 60 months
- Scope Location
- San Benito, TX
- Submission Address
- 485 N. Sam Houston Blvd. San Benito, Texas, 78586
SUMMARY
The City of San Benito is soliciting applications for primary depository services for a maximum five-year term. Services include account management, online banking, and collateralization of approximately $32 million in average balances.
EVALUATION CRITERIA
Ability to perform, references, cost of services, transition cost/incentives, interest rates, earnings credit rate, previous relationship, convenience of location, completeness of application, financial stability, community engagement
REQUIRED DELIVERABLES
Two printed bound copies, PDF copy via email, MS-Excel Bank Service Fee Schedule
REQUIRED ATTACHMENTS
Pro-forma account analysis, Sample collateral agreement, Sample safekeeping agreement, Sample safekeeping report, Securities safekeeping fees, References, Sample FIRREA compliant document, Signed disclosures, Signed application form
This was decided in a budget meeting long before the RFP was public. Civic IQ had it then. The next one doesn't have to get away.
Work in government? Get Civic IQ free →Frequently asked questions
Common questions about this solicitation, answered from the record.
How do I respond to this RFP from City of San Benito?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is March 10, 2025. The solicitation specifies required deliverables that must be addressed in your response. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: 485 N. Sam Houston Blvd. San Benito, Texas, 78586. For questions, contact Stephanie Sarrionandia.
What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Ability to perform, references, cost of services, transition cost/incentives, interest rates, earnings credit rate, previous relationship, convenience of location, completeness of application, financi..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from City of San Benito?
All active and historical solicitations from City of San Benito are tracked and searchable. As a city agency, City of San Benito regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 5 years. Contract terms may include renewal options.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Pro-forma account analysis, Sample collateral agreement, Sample safekeeping agreement, Sample safekeeping report, Securities safekeeping fees, References, Sample FIRREA compliant document, Signed disc. Review the full document from City of San Benito for the complete list.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including City of San Benito in TX, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Stephanie Sarrionandia. Questions and answers are typically shared with all prospective bidders.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: San Benito, TX. Review the full solicitation for detailed scope requirements.
What are the key deliverables?
The solicitation specifies the following deliverables: Two printed bound copies, PDF copy via email, MS-Excel Bank Service Fee Schedule. Proposals should clearly address how each deliverable will be met.
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