Cash Management Requirements This section contains the specific service and response requirements criteria. The Cash Management Requirements are critical to successful project implementation. Responses to these critical requirements are mandatory. Each Bidder’s response will be evaluated to determine if it meets these Cash Management Requirements. Therefore, Bidders must provide the Department with all of the information requested to establish they meet the minimums identified in the Cash Management Requirements. Failure to provide sufficient detail to the Cash Management Requirement topics of this section will result in the Bidder being deemed non-responsive and removed from further consideration. REQUIREMENT RESPONSE 1.0 Undertaking for Bank Deposits and Assignment of Securities 1.1 The Contractor must agree and sign (subsequent Affirm understanding of, and agreement to comply to award and prior to implementation) the with, this requirement. Undertaking for Bank Deposits and Assignment of Securities agreement (see Exhibit H). 2.0 Funds Processing and Availability 2.1 2.1 The Bidder must provide their standard banking The Contractor must affirm understanding of, and and/or service agreement(s). Submission of such agreement to comply with, this requirement. agreement(s) is for informational purposes. The Provide any standard banking and/or service Bidder must be willing to negotiate the terms of agreement(s) with the proposal response. such agreement(s). 2.2 2.2 The Contractor must agree that, at a minimum: Affirm understanding of, and agreement to comply with, this requirement. Funds availability provided to DTF is equivalent to the funds availability provided to a Commercial Bank, by the Federal Reserve for checks processed through the Federal Reserve; and Funds availability to DTF is equivalent to the funds availability provided to the
Cash Management Requirements This section contains the specific service and response requirements criteria. The Cash Management Requirements are critical to successful project implementation. Responses to these critical requirements are mandatory. Each Bidder’s response will be evaluated to determine if it meets these Cash Management Requirements. Therefore, Bidders must provide the Department with all of the information requested to establish they meet the minimums identified in the Cash Management Requirements. Failure to provide sufficient detail to the Cash Management Requirement topics of this section will result in the Bidder being deemed non-responsive and removed from further consideration. REQUIREMENT RESPONSE 1.0 Undertaking for Bank Deposits and Assignment of Securities The Contractor must agree and sign (subsequent to award and prior to implementation) the Undertaking for Bank Deposits and Assignment of Securities agreement (see Exhibit H). 1.1 Affirm understanding of, and agreement to comply with, this requirement. 2.0 Funds Processing and Availability 2.1 The Bidder must provide their standard banking and/or service agreement(s). Submission of such agreement(s) is for informational purposes. The Bidder must be willing to negotiate the terms of such agreement(s). 2.1 The Contractor must affirm understanding of, and agreement to comply with, this requirement. Provide any standard banking and/or service agreement(s) with the proposal response. 2.2 The Contractor must agree that, at a minimum: Funds availability provided to DTF is equivalent to the funds availability provided to a Commercial Bank, by the Federal Reserve for checks processed through the Federal Reserve; and Funds availability to DTF is equivalent to the funds availability provided to the 2.2 Affirm understanding of, and agreement to comply with, this requirement.
rfp_13_12_final.docx