Commercial Banking and Investment Custody Services

Agency:	Metropolitan Water Reclamation District of Greater Chicago
State:	Illinois
Type of Government:	State & Local
NAICS Category:	523920 - Portfolio Management 523930 - Investment Advice 541611 - Administrative Management and General Management Consulting Services
Posted Date:	Feb 21, 2024
Due Date:	Mar 22, 2024
Solicitation No:	24-RFP-02
Bid Source:	Please Login to View Page
Contact information:	Please Login to View Page
Bid Documents:	Please Login to View Page

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NOTICE

INVITATION TO BID

METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO

24-RFP-02 COMMERCIAL BANKING AND INVESTMENT CUSTODY SERVICES

CONTRACT 24-RFP-02

The Metropolitan Water Reclamation District of Greater Chicago (“District”) requests proposals from any

prospective Proposer for the above captioned subject which is described in document 24-RFP-02.

PROPOSALS ARE DUE: March 22, 2024.

Sealed proposals, endorsed as above, will be submitted to the District via an electronic upload to the Bonfire

Portal only. See “Submission Via the Bonfire Portal” for instructions. Proposals will be accepted from the

date of the Invitation to Bid, up to 11:00 A.M. Central Time (“CT”), on March 22, 2024 as stated above.

Bids will be deemed non-responsive if not submitted using the Bonfire-project specific URL link, provided

by the District.

No proposals will be accepted after 11:00 A.M. CT on the above scheduled due date. Faxed,

mailed, emailed, or hand-delivered proposals will not be accepted. There is no Bid Depository

safe for this purpose.

The objective of this Request for Proposal (“RFP”) is to identify qualified commercial banking

institutions as eligible to provide depository and various other financial services for the District

for the period February 1, 2025, to January 31, 2030. The District may elect one or more financial

institutions to provide these services.

The total estimated cost for all services before application of earnings credits is not to exceed

$462,000.00 which includes general banking services, lockbox and electronic collection services,

procurement card services, and investment custody services. Estimated gross expenditures for each

year are: 2025 $84,700; 2026 $92,400; 2027 $92,400; 2028 $92,400; 2029 $92,400; and 2030

$7,700. No cost is expected for Procurement Card Services. No bid deposit is required.

A Voluntary Technical Pre-Bid Conference will be held online via a Zoom meeting on March 6,

2024, at 10 A.M. CT. The link to the Zoom meeting is attached in a separate document under the

“Additional Documents” column on the District’s website at mwrd.org (Doing Business →

Procurement & Materials Management → Contract Announcements → (Find correct project) →

Bidding Documents). The purpose of the Voluntary Technical Pre-Bid Conference is to review the

scope of work, to provide for identification and discussion of potential problems that might arise

during the administration of this RFP, and to seek clarification of technical or procedural aspects

of this RFP. There will be a Q&A session at the end of the meeting. Also, Bidders must provide

their contact information in order to register for the conference, prior to entering the Zoom Pre-

Bid meeting.

Copies of the Request for Proposal are only available online from the District’s website at www.mwrd.org

(DOING BUSINESS → PROCUREMENT & MATERIALS MANAGEMENT → CONTRACT

ANNOUNCEMENTS). No fee is required for the Request for Proposal documents. Any questions

regarding the downloading of Request for Proposal documents should be directed to

contractdesk@mwrd.org or call (312) 751-6643.

Further, the District assumes no liability or responsibility for the failure or inability of any Proposer to

successfully download any and all contract documents, including but not limited to specifications, proposal

forms and/or plans, as a result of any type of technological computer and/or software system failure or

breakdown that restricts, prohibits or prevents successful downloading of any and all District contract

documents by the Proposer, whether caused by the District or other parties, directly or indirectly.

Proposers are to include with their proposal signed copies of any addenda, or acknowledge receipt of any

addenda, if the District issued any addenda to this contract. Failure to do so may be cause for the rejection

of any bid. Bidding documents are available only online, and any addenda issued for this contract will be

available online at the District’s website, www.mwrd.org (Doing Business→Procurement and Materials

Management→Contract Announcements). Addenda will also be emailed/faxed to each person receiving a

set of such contract documents and to such other prospective Proposers as shall have requested that they be

furnished with a copy of the addenda.

If any potential Proposer contemplating to submit a proposal is in doubt as to the true meaning of any part

of the specifications or other contract documents, such inquiry should be submitted online at the District’s

website, www.mwrd.org. The path is as follows: Doing Business→Procurement and Materials

Management→Contract Announcements. The District will provide an online response to such inquiries, as

the District deems appropriate. Strings of appropriate questions and answers regarding the bidding

documents will be available online on the District’s website until the bid opening date of the bidding

documents. No questions will be accepted by telephone, fax, email, mail, or any other such form of delivery.

The District will only respond to questions received online ONE WEEK prior to the date set to receive

proposals. The District will not respond to questions received after this date. The District does not guarantee

the timeliness of responses provided online, nor does the District guarantee that such responses will be

provided in adequate time to affect the submission of bids. The District shall provide responses online

ONLY if the responses do not interpret or otherwise change the bidding documents.

The District’s responses online are NOT official responses and, therefore, are not binding to the bidding

documents. Any official interpretation or change to the bidding documents will be made only by addenda

duly issued to all plan holders on record by the Director of Procurement and Materials Management.

The contact person for the RFP is Edis Hachim, Financial Analyst. This contact person will provide online

responses to online inquiries.

The District reserves the right to accept any RFP or any part thereof or to reject any and all RFPs.

Metropolitan Water Reclamation District

of Greater Chicago

Darlene A. LoCascio

Director of Procurement & Materials Management

DATE OF ADVERTISEMENT: WEDNESDAY, FEBRUARY 21, 2024

contract number	contract description	advertise date	bid opening date	contract documents	questions and answers	plan holder list
24-RFP-02	Commercial Banking and Investment Custody Services	2/21/2024 12:00:00 AM	3/22/2024 11:00:00 AM	» General Information » Invitation to Bid* » Bidding Documents	» Ask A Question » View Questions and Answers	Plan Holder List

Commercial Banking and Investment Custody Services

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