Stony Brook University Banking Services RFP 26/27-006MC - Banking Services for Stony Brook University
Stony Brook UniversityHigher Ed · Stony Brook, NY- Due
- Dec 8, 2026
- 41 days left
- Posted
- Oct 20, 2026
- Contract term
- 5 years
- Primary contact
- Deborah Marcus
- (631) 632-6286
The 30-second brief
Stony Brook University is seeking proposals from qualified banking institutions chartered in New York to provide comprehensive banking services, cash management, deposit processing, lockbox processing, electronic banking, check processing, and reporting/reconciliation services for Stony Brook University, the Stony Brook Foundation, and the Faculty Student Association. The banking partner will support cash flow management across university operations, a 504-bed teaching hospital, a 350-bed nursing home, and various auxiliary services. The contract term is 5 years. Proposals are due by December 8, 2026, at 3:00 P.M. EST. Bidder questions are due by November 9, 2026. Evaluation will be based on best value considering mandatory requirements, technical capabilities, customer service, accessibility practices, and cost.
Mandatory Qualifications/Requirements Pass/Fail, Weighted Technical Requirements 75%, Cost 25%
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Summary
Stony Brook University is seeking proposals from qualified banking institutions chartered in New York to provide comprehensive banking services, cash management, deposit processing, lockbox processing, electronic banking, check processing, and reporting/reconciliation services for Stony Brook University, the Stony Brook Foundation, and the Faculty Student Association.
The banking partner will support cash flow management across university operations, a 504-bed teaching hospital, a 350-bed nursing home, and various auxiliary services. The contract term is 5 years. Proposals are due by December 8, 2026, at 3:00 P.M. EST. Bidder questions are due by November 9, 2026. Evaluation will be based on best value considering mandatory requirements, technical capabilities, customer service, accessibility practices, and cost.
EVALUATION CRITERIA
3- Mandatory Qualifications/Requirements Pass/Fail
- Weighted Technical Requirements 75%
- Cost 25%
- Submit to
- [email protected]
- Scope location
- Stony Brook, NY
Questions about this RFP
How do I respond to this RFP from Stony Brook University?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is December 8, 2026. Submissions should be delivered to: [email protected]. For questions, contact Deborah Marcus.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Stony Brook University in NY, 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 Deborah Marcus at (631) 632-6286. Questions and answers are typically shared with all prospective bidders.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Mandatory Qualifications/Requirements Pass/Fail, Weighted Technical Requirements 75%, Cost 25%" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Stony Brook University?
All active and historical solicitations from Stony Brook University are tracked and searchable. As a higher ed agency, Stony Brook University 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.
Is this solicitation still open for submissions?
Based on the posted deadline of December 8, 2026, this solicitation appears to still be accepting submissions. Deadlines may change through amendments or addenda, so always verify the current status directly with the issuing agency before preparing your response.
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. Review the full document from Stony Brook University for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Stony Brook, NY. Review the full solicitation for detailed scope requirements.