Llano County Depository Banks RFP #25-409-01
Llano CountyCounty · Llano County, TX- Due
- Apr 1, 2025
- Deadline passed
- Posted
- Jan 1, 2024
- Contract term
- 4 years
- Primary contact
- Cheryl Regmund
- (325) 247-7743
The 30-second brief
Llano County is seeking bids from banks to serve as its official depository bank. The contract will be for a term of 4 years, with an option to renew for an additional 2 years. Bids will be evaluated based on financial condition, net rate of return, service requirements, cost of services, cash management products, and ability to pledge adequate securities.
Bank's past and prospective financial condition, Net rate of return on County funds, Ability to meet service requirements, Cost of services, Cash management products available that will enhance County banking procedures, Bank's ability to pledge adequate securities against County funds.
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Summary
Llano County is seeking bids from banks to serve as its official depository bank.
The contract will be for a term of 4 years, with an option to renew for an additional 2 years. Bids will be evaluated based on financial condition, net rate of return, service requirements, cost of services, cash management products, and ability to pledge adequate securities.
EVALUATION CRITERIA
6- Bank's past and prospective financial condition
- Net rate of return on County funds
- Ability to meet service requirements
- Cost of services
- Cash management products available that will enhance County banking procedures
- Bank's ability to pledge adequate securities against County funds
REQUIRED ATTACHMENTS
Bid Worksheet
- Submit to
- Llano County Treasurer's Office, Llano County Law Enforcement Center 2001 North Highway 16, Llano, Texas
- Duration
- 24 months
Questions about this RFP
How do I respond to this RFP from Llano County?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is April 1, 2025. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: Llano County Treasurer's Office, Llano County Law Enforcement Center 2001 North Highway 16, Llano, Texas. For questions, contact Cheryl Regmund.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Llano County 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 Cheryl Regmund at (325) 247-7743. Questions and answers are typically shared with all prospective bidders.
Show 4 more questions
What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Bank's past and prospective financial condition, Net rate of return on County funds, Ability to meet service requirements, Cost of services, Cash management products available that will enhance County..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Llano County?
All active and historical solicitations from Llano County are tracked and searchable. As a county agency, Llano County 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 4 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: Bid Worksheet. Review the full document from Llano County for the complete list.