East Tennessee State University (ETSU) is seeking proposals for comprehensive banking services. The Request for Proposal (RFP) outlines requirements for efficient cash management, minimizing transaction costs, maximizing investment income, and ensuring high-level security for public assets. Key services include operating accounts, student services, specialized financial technology, master zero-balance accounts, accounts payable, payroll, auxiliary enterprise accounts, daily electronic reporting, ACH services, wire transfers, positive pay, ACH debit blocks, and multi-level user authentication. The contract period is a maximum of five years. Proposals must be submitted by June 18, 2026. The evaluation will consider qualifications, technical approach, and cost. Vendors must register with ETSU.
The bid notice states that proposals must be submitted no later than the proposal deadline time and date detailed in the RFP Section 2, Schedule of Events, which is June 18, 2026, at 2:00 p. m. EST. A late proposal shall not be accepted, and a proposer's failure to submit a proposal before the deadline shall cause the proposal to be disqualified.
The bid notice indicates that payment terms are net 30, and deposits and prepayments are not allowed. The proposer understands and agrees that proposer shall be paid by ACH payment. Payment terms are net 30. Deposits and prepayments are not allowed.
The bid notice states that the contract will be awarded to the responsive and responsible proposer deemed by the institution to offer the best combination of attributes based upon the evaluation criteria, not necessarily the lowest cost. The evaluation process is designed to award the contract resulting from this RFP not necessarily to the proposer offering the lowest cost, but rather to the responsive and responsible proposer deemed by the institution to offer the best combination of attributes based upon the evaluation criteria.
The bid notice requires proposers to demonstrate qualifications and experience, with specific criteria detailed in Section B of the Technical Proposal Evaluation Guide. The proposer must address all qualifications and experience section items and provide, in sequence, the information and documentation as required referenced with the associated item references.
The bid notice mentions that failure to perform obligations can lead to contract termination and withholding of payments. If the contractor fails to perform its obligations under this contract in a timely or proper manner, or if the contractor violates any term of this contract, the institution shall have the right to immediately terminate the contract and withhold payments in excess of fair compensation for completed services provided, however, institution shall have the option to give contractor written notice and a specified period of time in which to cure.
The bid notice does not require sample submissions. Sample_submission: FALSE
The bid notice states that written comments, including questions and requests for clarification, must be received by the institution no later than the written comments deadline, which is June 4, 2026. The rfp coordinator must receive all written comments, including questions and requests for clarification, no later than the written comments deadline in the rfp section 2, schedule of events.
The bid notice lists several reasons for disqualification, including late proposals, failure to comply with RFP terms, submitting alternate proposals, submitting multiple proposals in different capacities, and collusion. A late proposal shall not be accepted, and a proposer's failure to submit a proposal before the deadline shall cause the proposal to be disqualified.