About this opportunity
AI summaryThe East Orange Board of Education seeks proposals for comprehensive banking and treasury management services for the 2026-2027 school year under RFP 58-27. The selected vendor must handle offsite performance, providing monthly statements by the fifth business day of each month, electronic banking platforms, remote deposit capture, reconciliation support, payroll direct deposits, local tax payment acceptance, and fraud prevention controls. Respondents must also provide detailed fee schedules, interest rate formulas, guaranteed minimum interest rates, and dedicated relationship management. Eligibility is limited to USA-based organizations that comply with N.J.S.A. 10:5-31 et seq. and N.J.A.C. 17:27 et seq. Sealed proposals are due by 12:00 p.m. on Wednesday, November 18, 2026, delivered to the Office of the School Business Administrator/Board Secretary in East Orange, NJ. Applicants must complete all required response forms, including the Proposal Fee Schedule, Pricing and Rate Certification, and the Disclosure of Investment Activities in Iran Form prior to contract award.
Buyer and opportunity details
- Client
- East Orange Board of Education
- Solicitation No.
- 58-27
Scope of work
- Provide monthly electronic and hard copy statements for all Board accounts
- Provide domestic wire transfer services and ACH origination and receipt services
- Provide monthly account analysis and reconciliation support for outstanding items
- Provide secure remote deposit capture services
- Provide check stock, check printing, deposit slips, and deposit bags at no charge
- Provide secure electronic banking platform supporting governmental entities
- Provide same-day notification of electronic fund transfers and returned items
- Provide employee payroll direct deposit services supporting at least two accounts per employee
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Compliance with all mandatory RFP requirements | Not specified |
| Experience providing banking services to New Jersey public school districts and other governmental entities | Not specified |
| Qualifications and experience of the assigned banking team | Not specified |
| Total cost and fee structure | Not specified |
Minimum qualifications
- Demonstrated financial strength, security, technology, and service capacity to meet New Jersey public school district needs
- Participation in, or eligibility under, the Governmental Unit Deposit Protection Act (GUDPA)
- Compliance with N.J.S.A. 10:5-31 et seq. and N.J.A.C. 17:27 et seq.
Documents to include with your response
- Affirmative Action Evidence or Form AA-302 or Certificate of Employee Information Report
- New Jersey Business Registration Certificate
- Chapter 271 Political Contribution Disclosure Form
- Vendor Questionnaire and Certification
- Non-Collusion Affidavit
- Proposal Form / Complete Fee Schedule
- Assurance of Compliance
- Disclosure of Investment Activities in Iran Form
- Statement of Ownership Form
- At least two current professional references and SOC 1/SOC 2 reports
Key dates
- Proposals due
- Wednesday, November 18, 2026 12:00 p.m.
How to submit
- Method
- Sealed envelope by mail, delivery service, or in person
- Instructions
- Submitted in duplicate (one original and one duplicate copy) in a clearly marked sealed envelope/package to Dr. Melissa Simmons, Acting School Business Administrator, East Orange Board of Education, 199 4th Ave, East Orange, NJ 07017. Electronic email submissions are not accepted.
Contract details
- Term
- 2026-2027 school year
- Place of performance
- East Orange, NJ
- Insurance and bonding
- Vendor/contractor shall secure, pay premiums for, and maintain insurance of required types and amounts including Automobile liability insurance, naming East Orange Board of Education as Certificate Holder.