Banking Services
- Client
- Bronx, New York
- RFP Number
- BANKING-9486
- Posted
- 10/14/2026
- Category
- Banking Services
- Budget
- Looking for Proposal
- NAICS
- —
- Set-aside
- —
- Contact
- —
Description
AI GeneratedRiverbay Corporation is soliciting proposals from qualified financial institutions to provide comprehensive banking and treasury management services for a guaranteed term of five years. The requested scope includes operating checking accounts, dedicated accounts for lease security deposits and capital expenditures, a money market account, internal fund transfers, online banking access, daily reporting, corporate credit card program administration, daily lockboxes, and an online payment platform. Performance of the work will be offsite, supporting the government authority located in Bronx, NY. Eligibility is limited to onshore USA organizations. The pre-bid meeting will be held on October 19, 2026, and all questions must be submitted no later than October 28, 2026. Proposals will be evaluated based on pricing and fee structure (30%), experience, staff qualifications, and customer service standards (15%), as well as the bank's financial health, credit ratings, fees, actual Earnings Credit Rate, and financial capability.
Key solicitation details
AI-extracted from SOL1708572.pdf, 4348 SOW.doc. Confirm against the original documents before bidding.
Riverbay Corporation is soliciting proposals from qualified financial institutions to provide comprehensive banking and treasury management services. The contract is intended to support Riverbay's operational, cash management, and treasury needs across its residential and commercial properties.
- Issued by
- Riverbay Corporation
- Pre-bid meeting
- October 19, 2026
- Questions due
- October 28, 2026
- Proposals due
- NOVEMBER 4, 2026 NO LATER THAN 4 PM
- How to submit
- Electronic via the BidNet System
- Submission details
- Submit bids and RFIs in the BidNet system. Fill out Appendix B and upload it to BidNet.
- Contract term
- guaranteed term of five (5) years
- Place of performance
- Bronx, New York
How proposals are evaluated
| Service Capabilities and Functionality, software integration and technology, Cyber and data security tools | 35% |
| Pricing and fee structure | 30% |
| Experience, qualification of staff and customer service standards | 15% |
| Financial stability of banking institution | 10% |
| Responsiveness to RFP | 10% |
Scope of work
- Operating checking accounts for daily deposits and disbursements
- Dedicated accounts for flexible spending, lease security deposits, and capital expenditures
- Money Market Account and internal fund transfer capabilities
- Domestic wire transfer and ACH origination services
- Lockbox services with automated posting and Yardi system integration
- Online banking access for account monitoring, transaction processing, and reporting
- Corporate credit card program administration
- Fraud prevention services including Payee Positive Pay and Check Positive Pay
Minimum qualifications
- Qualified financial institution
- Demonstrated bank financial health and credit ratings
- Demonstrated financial capability and soundness of the firm
Documents to include with the bid
- Audited financial statements for last 3 annual reports
- Actual ECR for the past twenty-four (24) months
- Recent Moody's and Standard & Poor ratings
- Appendix B - Statement of Qualifications for Bidders
- Company Overview
- Five (5) client references
- Pricing for each line item in BidNet platform
- Materials Safety Data sheets (if applicable)
Verify important details
Document checkConfirm submission instructions and amendments with the issuing agency before responding.
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