What the buyer needs
AI summaryThe City of Centennial seeks proposals for banking services to fulfill its depository, automated clearing house, wire transfer, disbursement, account reconciliation, fraud prevention, online banking, remote deposit capture, merchant card, and reporting needs. Proposers may also submit proposals for optional commercial purchasing cards and sales tax lockbox services across a one-year contract term. Eligible proposers must be FDIC-insured institutions, operate within the USA onshore, and carry required insurance authorized in Colorado. Qualified financial institutions or card issuers in good standing may submit on optional services. Proposers must submit questions by November 24, 2026, and deliver one electronic copy of their proposal via the BidNet System before 2:00 PM on December 10, 2026. The City will evaluate submissions based on proposer qualifications and experience, pricing, and the ability to provide quality, timely products and services.
Scope of work
- Depository Services
- Automated Clearing House (ACH)
- Wire Transfer Services (Fedwire)
- Disbursements and Account Reconciliation
- Fraud Prevention (Positive Pay, ACH Positive Pay, ACH Filters and Blocks)
- Online Banking and Remote Deposit Capture
- Merchant Card Services
- Optional Services: Commercial Purchasing Card and Lockbox Service for Sales Tax
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Ability of the proposer to provide quality and timely products and services | Not specified |
| Qualifications and experience of the proposer | Not specified |
| Pricing | Not specified |
Minimum qualifications
- Designated eligible public depository under the Colorado Public Deposit Protection Act (C.R.S. 11-10.5-101 et seq.)
- Insured by the Federal Deposit Insurance Corporation (FDIC)
- Regulated financial institution or card issuer in good standing if proposing only on Optional Services
Documents to include with your response
- Signed Proposer's Certification
- Executive Summary
- Questionnaire Responses (answers to Section 4, in order, except K.1 and K.2)
- Pricing Form and merchant pricing schedule (Section 5)
- Supporting Documents (funds availability schedule, sample online reports, account/treasury agreements)
- Purchasing Card Program tab with question K.1, Schedule A, and sample program agreement (if proposed)
- Lockbox Services tab with question K.2, Schedule B, and lockbox agreement (if proposed)
- Exceptions to the RFP or City contract terms (if any)
How to submit
- Method
- Electronic via the BidNet System
- Instructions
- Submit one electronic copy through Rocky Mountain E-Purchasing System (BidNet System) at www.bidnetdirect.com/colorado/city-of-centennial. No telephone, hard copy, or facsimile proposals accepted.