Smart Safe Services for the State Treasurer's Office - IFB# SSS -11192025

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Title:  

Smart Safe Services for the State Treasurer's Office - IFB# SSS -11192025

Agency:  

Maryland Treasurer's Office

State:  

Maryland

NAICS Code:  

522320

Industry:  

Financial Services

Solicitation Type:  

Invitation for Bid

Solicitation ID:  

BPM054206

Open Date:  

11/19/2025

Questions Due Date:  

12/3/2025

Close Date:  

1/15/2026

Project Duration:  

3 years

Last Updated:  

Description:
The State Treasurer's Office is seeking smart safe services to streamline in-agency cash-handling processes, secure deposits, and increase cash visibility for agencies that receive low to high cash volumes. The contractor will be responsible for providing deposit preparation, fully protected deposits, reduced internal and external theft risk, and immediate credit of funds into the State's bank of choice. The contract is expected to cover approximately ten locations, with the possibility of adding more locations over time. Key aspects of the contract include: • Streamlining cash-handling processes • Securing deposits and reducing theft risk • Providing immediate credit of funds into the State's bank of choice • Servicing approximately ten locations, with potential for expansion • Flexibility in service windows and days of service The contractor will be expected to provide their best pricing for the entire 3-year period, including the 1-year renewal option period.
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

Tamaira HAWKINS(Procurement Officer/Buyer)

thawkins@treasurer.state.md.us

(410) 260-7428

Budget Estimate (AI):

$500,000 – $2,000,000

The budget for this contract is difficult to estimate without more information on the specific services and locations involved. However, based on the scope of work, which includes providing smart safe services to approximately ten locations, the estimated budget could be in the range of $500,000 to $2 million over the 3-year contract period. This estimate takes into account the cost of equipment, maintenance, and personnel required to provide the services. Factors that may influence the likely payment range include the number of locations, the volume of cash handled, and the level of security required.

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