Banking and Money Counting Services – New Jersey Turnpike Authority (RM‑200082)

The New Jersey Turnpike Authority is soliciting one primary bidder to provide comprehensive banking and money‑counting services for toll‑revenue locations across the Turnpike and Garden State Parkway. The contractor will establish and maintain dedicated deposit accounts, perform daily electronic reporting, handle cash‑bag and coin‑vault processing, provide secure counting services, and ensure strict security, insurance, and bonding compliance. The contract runs for three years with two optional one‑year extensions. Key requirements include a 10 % bid security, a 20 % contract bond, extensive insurance (minimum $4 M coverage on both financial institution bond and fidelity/crime policies), and compliance with New Jersey state statutes on labor claims and security protocols. • Banking services: set up two deposit accounts, daily FTP/EDI reporting, and secure handling of Authority funds. • Money‑counting services: five‑day‑a‑week cash‑bag and coin‑vault processing, daily discrepancy reporting, and electronic data transmission by 7 a.m. next day. • Mandatory insurance & bonding: $3 M umbrella liability, $4 M bankers blanket bond, $4 M fidelity/crime insurance, and a 10 % bid security or cash check.