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Washington State Treasurer's Office·Washington

LOCKBOX SERVICES

Closes 9/1/2025$5M – $20MRequest for ProposalLogin required
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Description

The Office of the State Treasurer is seeking proposals from qualified vendors to provide lockbox services, including wholesale and retail transaction processing, for various Washington State agencies. The selected vendor will be required to establish and service Post Office Boxes, process mail, and provide data management and security controls. The contract is expected to last for four years, with the option to extend for up to three additional years. The vendor will be responsible for providing lockbox services, including sorting, processing, and depositing payments, as well as providing data and images to the state agencies. The vendor will also be required to comply with all applicable laws and regulations, including those related to data security and employment screening. Some key requirements include: * Establishing and servicing Post Office Boxes located within the state of Washington * Processing mail and deposits on the same day * Providing data management and security controls * Complying with all applicable laws and regulations * Providing customer service and support to state agencies

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Ryan Pitroff(RFP Coordinator)

[email protected]

(360) 902-8917

Key dates

Opened
4/10/2025
Questions due
4/24/2025
Site visit
7/14/2025
Closes
9/1/2025
Duration
4 years

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522320
Solicitation №
RFP 2025-01 LB

Budget estimate

$5,000,000 – $20,000,000

Based on the information provided, it is difficult to estimate the exact budget for this contract. However, considering the scope of work and the fact that the contract is for four years with the option to extend for up to three additional years, the budget could be substantial. The contract value is likely to be in the millions of dollars, given the complexity and scale of the lockbox services required. A rough estimate could be between $5 million and $20 million per year, depending on the actual services provided and the number of agencies participating.

AI estimate from the solicitation

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