Township of Rockaway General Banking Services 2026 RFP1
Township of RockawayCity · Rockaway, NJ- Due
- Mar 17, 2026
- Deadline passed
- Posted
- Feb 17, 2026
- Contract term
- 5 years
The 30-second brief
The Township of Rockaway is soliciting proposals for a single banking institution to provide general banking services under a five-year contract (minimum two-year guarantee). Scope includes core services such as public depository status (NJSA 17:9-41), earnings credits, monthly account statements, reconciliation, electronic fund transfers (ACH/Wire), and online banking for at least four accounts. Cash management requirements include deposit services, payroll coordination with ADP, and establishing a depository trust brokerage account. Proposals will be evaluated based on Managerial (40%), Technical (40%), and Cost (20%) factors. Sealed proposals are due by March 17, 2026, at 10:00 AM. A summary evaluation report will be posted at least 48 hours prior to award.
One original and one copy of the proposal, Statement of Ownership Disclosure, Disclosure of Investment Activities in Iran, Federal Non-debarment Form, Business Registration Certificate, W-9, GUDPA Certificate
Managerial Weighting (40%), Technical Weighting (40%), Cost Weighting (20%)
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Summary
The Township of Rockaway is soliciting proposals for a single banking institution to provide general banking services under a five-year contract (minimum two-year guarantee).
Scope includes core services such as public depository status (NJSA 17:9-41), earnings credits, monthly account statements, reconciliation, electronic fund transfers (ACH/Wire), and online banking for at least four accounts. Cash management requirements include deposit services, payroll coordination with ADP, and establishing a depository trust brokerage account. Proposals will be evaluated based on Managerial (40%), Technical (40%), and Cost (20%) factors. Sealed proposals are due by March 17, 2026, at 10:00 AM. A summary evaluation report will be posted at least 48 hours prior to award.
EVALUATION CRITERIA
REQUIRED DELIVERABLES
7- One original and one copy of the proposal
- Statement of Ownership Disclosure
- Disclosure of Investment Activities in Iran
- Federal Non-debarment Form
- Business Registration Certificate
- W-9
- GUDPA Certificate
REQUIRED ATTACHMENTS
8- Statement of Ownership Disclosure Form
- Disclosure of Investment Activities in Iran Form
- Federal Non-debarment Form
- Evidence of EEO/Affirmative Action Compliance
- Business Registration Certificate
- W-9 Form
- Experience and Qualifications
- Governmental Unit Deposit Protection Act Certificate
- Submit to
- Division of Purchasing, 65 Mount Hope Road, Rockaway, NJ 07866
- Scope location
- Rockaway, NJ
Questions about this RFP
How do I respond to this RFP from Township of Rockaway?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is March 17, 2026. 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: Division of Purchasing, 65 Mount Hope Road, Rockaway, NJ 07866.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Township of Rockaway in NJ, 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.
What are the key deliverables?
The solicitation specifies the following deliverables: One original and one copy of the proposal, Statement of Ownership Disclosure, Disclosure of Investment Activities in Iran, Federal Non-debarment Form, Business Registration Certificate, W-9, GUDPA Certificate. Proposals should clearly address how each deliverable will be met.
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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: "Managerial Weighting (40%), Technical Weighting (40%), Cost Weighting (20%)" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Township of Rockaway?
All active and historical solicitations from Township of Rockaway are tracked and searchable. As a city agency, Township of Rockaway 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: Statement of Ownership Disclosure Form, Disclosure of Investment Activities in Iran Form, Federal Non-debarment Form, Evidence of EEO/Affirmative Action Compliance, Business Registration Certificate,. Review the full document from Township of Rockaway for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Rockaway, NJ. Review the full solicitation for detailed scope requirements.