General Banking Services NAE - BOA
About This Opportunity
finance & banking services contract awarded in United States: General Banking Services NAE. By Finance. Awarded to BANK OF AMERICA NA (USD 2.1M, Sep 2023).
This is a services contract in the finance and banking sector, with a focus on 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 Department of Finance's Treasury Division currently contracts with Bank of America for general banking services at various City agency sites with complex banking services and perform mandated by Court Assets fiduciary duty as per the NY CPLR § 2601. The current contract ends on 6/30/21 via Negotiated Acquisition. There was no renewal option and 1-year ACCO extension has been utilized, 6/30/20 thru 6/30/21. DOF has determined that there is a compelling need to further extend the original contract beyond the expiration date of 6/30/21 for a period of two (2) years, July 1, 2021 through June 30, 2023. Therefore, DOF is requesting the use of a Negotiated Acquisition Extension (NAE), to allow for uninterrupted Banking Services so that the provision of these services can continue until a new competitive solicitation is in place.
See attached.
Agency: Finance
Category: Services (other than human services)
Selection Method: Negotiated Acquisition
PIN: 83622N0005001
Data provenance
This notice is sourced from NYC City Record and was originally published on September 26, 2023. Last refreshed 17 days ago. BidsFactory mirrors official procurement notices and links back to the source for full legal text.
About Finance
Finance has issued 242 procurement notices on BidsFactory, including 5 currently open and 218 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: June 29, 2026.
Frequently asked questions about this tender
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 — the contract has already been awarded to BANK OF AMERICA NA. 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?
BANK OF AMERICA NA was awarded the contract for $2,051,211. The figure reflects the value disclosed by the contracting authority in the award notice.
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.
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