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Awarded contract·Austin Community College·Texas

Primary Depository Banking Services

$2MSingle Award
Contract source

Description

This solicitation seeks a vendor to provide Primary Depository Banking Services for Austin Community College, covering all banking transactions, fund management, and related financial services required by the college system. The contract will be awarded through a competitive sealed proposal process, with a submission deadline of July 7 2022. The agency expects the selected vendor to act as the college’s primary depository, handling cash management, electronic payments, and reporting while ensuring compliance with applicable regulations. • Scope includes full‑service banking operations for a public community college district in Texas. • Competitive sealed proposals were solicited, indicating an open‑competition procurement. • No vendor information is disclosed in the provided excerpt, so the awardee remains unidentified.

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Bids closed
7/7/2022

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
522110
Solicitation №
946-22-67-00-S-JN-CSP

Contract value

$2,000,000

The solicitation does not disclose a contract dollar value. Primary depository banking services for a medium‑sized community college district typically involve managing millions of dollars in deposits and transactions annually. Assuming a modest service fee structure (e.g., 0.1‑0.2% of annual transaction volume) and a baseline of $1‑2 billion in annual banking activity, the annual contract value could range from $1 million to $4 million. To be conservative, a midpoint estimate of roughly $2 million is provided.

AI estimate from the award documents

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