The Worwic Community College and Worwic Community College Foundation are seeking proposals for comprehensive banking services. The contract period is for five years, with an option to extend for another five years. Proposals must be received by March 13, 2026, at 2:00 PM local time. Questions must be submitted by February 27, 2026. Shortlisted firms will be invited for oral presentations on March 23, 2026, and price proposals are due on April 20, 2026. Services are expected to begin on July 1, 2026. The college reserves the right to accept or reject any and all proposals. The awarded contractor must comply with all federal, state, and local laws. The college will issue a notice to proceed by May 15, 2026. The contractor must maintain insurance and provide a SOC 2 report. The evaluation will consider company background, experience, cost, and value. The college is exempt from Maryland state sales and use taxes. The contractor must not be in arrears in the payment of any obligation due and owing the state of Maryland or the United States of America. The contractor must provide a detailed timeline for the implementation of services.
The bid notice states all proposal responses must be received prior to 2: 00pm local time on march 13, 2026.
The bid notice states payment will be made upon receipt and acceptance of completed services by the college and foundation or as agreed upon by the college and foundation, and awarded contractor.
The bid notice states he offeror further warrants all articles, material and work performed for a period of one year, unless otherwise stated, from date of acceptance of the items delivered and installed, or work completed.
The bid notice states he college will evaluate the proposals to determine the most responsive proposal and responsible firm.
The bid notice states o be considered for award the offeror must clearly state compliance with all requirements in the proposal.
The bid notice states failure of the contractor to meet any deadline is grounds for termination by default. if the contractor defaults, the college reserves the right to assess liquidated damages andor make an open market purchase.
The bid notice states if a site visit is recommended or required, each offeror is responsible for visiting the sites prior to submitting a bid in order to observe the existing conditions affecting the work, and to obtain precise dimensions of the areas involved.
The bid notice states deadline to submit questions to ***@***. *. * mar 6, 2026 the college will issue an addendum answering all questions.