Central Treasury Banking Services- 3rd NAE
About This Opportunity
Services contract awarded by Finance (United States): Central Treasury Banking Services- 3rd. finance & banking. Awarded to CITIBANK, N.A. (USD 1.6M, Sep 2022).
This is a services contract in the finance and banking and information and communication technology sectors, with a focus on Network Infrastructure, Banking and Public Finance. Located in United States, North America, this opportunity is open to firms and consortiums.
Published through NYC City Record, a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for services in the finance and banking sector. Service contracts are typically evaluated on both technical quality and price, and may require bidders to demonstrate relevant experience and qualified personnel. This contract has already been awarded. The information is published for transparency and market intelligence purposes.
Description
The New York City Department of Finance (DOF) Treasury Division is requesting funding for the extension of a 3rd contract extension with Citibank, N.A. to provide banking services. These services are for the Central Treasury, Office of the Comptrollers custody accounts, Workers Compensation Accounts and Vendor payment accounts and the Citywide Payments Services and Standards (CPSS) network of accounts, which collects approximately $30 billion annually, and multiple Agency accounts. DOF has determined that there is a compelling need to further extend the base RFP Contract for a period of two (2) years to allow for uninterrupted Central Treasury Banking Services and time to complete the RFP award for the replacement contract.
Compelling need exists to extend contract one or more times beyond the permissible cumulative 12-month limit, and the ACCO has determined that the proposed term of the extension is the minimum time necessary to meet the need, and the ACCO certifies that the suppliers performance is satisfactory or that any deficiencies have been or are effectively addressed through a corrective action plan.
Agency: Finance
Category: Services (other than human services)
Selection Method: Negotiated Acquisition
PIN: 83622N0009001
Data provenance
This notice is sourced from NYC City Record and was originally published on September 19, 2022. Last refreshed today. BidsFactory mirrors official procurement notices and links back to the source for full legal text.
About Finance
Finance has issued 231 procurement notices on BidsFactory, including 4 currently open and 212 awarded contracts. Activity concentrates in Finance & Banking, Information & Communication Technology, and Governance & Public Administration. Tenders span 2 countries including United States and Canada. Notices are distributed via NYC City Record, Nova Scotia Tenders, and NYC Open Data. Most recent publication: May 13, 2026.
Frequently asked questions about this tender
Where will the contract be performed?
The contract is for delivery in United States. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.
How can I submit a bid?
Visit NYC City Record to access the full notice, required documents, and submission instructions provided by the contracting authority.
Is this tender still open?
No โ the contract has already been awarded to CITIBANK, N.A.. The award notice is archived on BidsFactory for transparency and market intelligence.
Who is the contracting authority?
This notice was issued by Finance in United States. The authority is responsible for evaluating bids, awarding the contract, and managing performance.
What type of contract is this?
This is a Services contract in the Finance & Banking sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.
How much was the contract awarded for?
CITIBANK, N.A. was awarded the contract for $1,591,894. The figure reflects the value disclosed by the contracting authority in the award notice.
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