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City of Framingham·Massachusetts

Lockbox Banking Services

Closes 6/25/2026$50k – $500kRequest for Proposal
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Description

The City of Framingham is seeking proposals for Lock Box Services from qualified banking institutions with demonstrable experience in the municipal area. The selected institution will be required to comply with all Massachusetts General Laws pertaining to municipal banking relations. The scope of work includes providing lockbox services to the city. The proposal submission deadline is Thursday, June 25, 2026, by 10:00 AM. • The City of Framingham reserves the right to reject any and all submissions, to waive any minor informalities and technicalities, or to cancel the bid if it were in the public interest to do so. • Proposals must be submitted electronically through the City's Bidnet Direct portal system. • The City is looking for banking institutions with experience in municipal banking relations. • The selected institution will be required to comply with all Massachusetts General Laws pertaining to municipal banking relations.

Attached files

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

Contact

Audra Shaw(Procurement Administrator)

[email protected]

(508) 532-5407

Key dates

Opened
6/2/2026
Closes
6/25/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522110
Solicitation №
9124

Budget estimate

$50,000 – $500,000

Based on the information provided, it is difficult to estimate the exact budget for this opportunity. However, considering that the City of Framingham is seeking lockbox services, the budget is likely to be a recurring annual fee. The fee could range from $50,000 to $500,000 per year, depending on the scope of services and the experience of the selected institution. Factors that may influence the likely payment range include the number of transactions processed, the level of security required, and the complexity of the services provided.

AI estimate from the solicitation

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