Government Contract | Virginia
BANKING SERVICES

Bid Information


Bid Alert No: 00000501491

Bid Title: BANKING SERVICES

Agency Bid No. Title: CMI 16-015

Received Date: 03/04/2016

Close Date: 03/28/2016

Purchase Type: Term:

Delivery Point: Statewide, Virginia

Delivery Date: Not Stated

Special Notices: Questions Due By 03/11/2016 01:00 PM, Bidder Preregistration

Specifications

Specifications include, but are not limited to:The Contractor shall provide the following banking services:Bureau of Insurance Lockbox and On-line (ACH) ServicesA. Lockbox1. The Contractor shall provide a wholetail lockbox for processing appointment fees, maintenanceassessment payments, special fund payments, and penalties and interest.2. The Contractor shall process all payments according to lockbox procedures outlined in Appendix C.3. The Contractor shall provide data entry of assessment notices as outlined in Appendix D.System edits shall be maintained that provide for the following:a. Duplicate key entry of data to ensure accuracyb. Limits key entry of specific Form IDs to the appropriate payment typec. Verifies that the check amount equals the amount dued. Performs calculations, systematically, on appropriate forms4. The Contractor shall accept and process all mail within 24 hours of receipt.5. All processable payments received shall be deposited within 24 hours of receipt and credited to theTreasurer of Virginia specified account.6. The Contractor shall provide a lockbox data file according to the specification provided inAppendices E, F and G.

Product Code: 94625

Agency Information


Issuing Agency: Commonwealth of Virginia-Department of Treasury

State: Virginia

Agency Type: State and Local

Contact: Amy Anthes Department of Treasury, P.O. Box 1879, Richmond, Virginia, 23218

Fax: 804-225-3187

Email: amy.anthes@trs.virginia.gov

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