HAMC is soliciting a qualified and FDIC insured institution to provide a menu of banking services for its reporting entities for a contract term of three years with two optional extensions. Submissions must be made via BidNet Direct by October 14, 2026, at 3:00 PM. Evaluation includes proposed costs, understanding, technical approach, capabilities, and experience. The successful respondent must provide a secure online system for all reporting and services.
The proposal submission deadline is Wednesday, October 14, 2026, at 3:00 pm. proposals must be received no later than 3: 00 p. m. on wednesday, october 14, 2026.
The text mentions net thirty under minimum requirements, but no specific payment terms for the contract are detailed. net thirty
Submissions will be evaluated based on proposed costs (35 points), demonstrated understanding (20 points), appropriateness of the technical approach (15 points), technical capabilities (15 points), demonstrated experience (15 points), and business preference (5 points). submissions will be evaluated including but not limited to the following: max point no. criterion description value 1 35 proposed costs 2 20 demonstrated understanding 3 15 appropriateness of the technical approach 4 15 technical capabilities 5 15 demonstrated experience business preference participation 6 5 woman or minorityowned business 7 5 section 3
The respondent must be a state or federally chartered banking institution with local presence in Fargo, NE, and insured by FDIC. minimum qualificationsstate or federally chartered banking institution with localpresence in fargo, neinsured by fdic member of federal reserve system
Failure to comply with all requirements or submitting incomplete proposals may lead to disqualification. hamc reserves the right to reject and not consider any proposal that does not meet the requirements of this rfq, including but not necessarily limited to incomplete proposals.
The contract agreement will be for three (3) years with the option to extend it two (2) additional years. contract agreement will be for three ( 3) years with the option to extend it two ( 2) additioanl years.
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