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Notice Details

Title: 83622N0009-Central Treasury Banking
Procurement
Finance (DOF)
Treasury and Payment Services
Patricia blaisep@finance.nyc.gov
email: blaisep@finance.nyc.gov
Archived
Services (other than human services)
Negotiated Acquisition
6/3/2022 - 6/10/2022
Intent to Award

PIN#83622N0009 Due:

This procurement is a negotiation acquisition extension of an existing contract to facilitate uninterrupted Central Treasury Banking Services.
Description

The Department of Finance must enter into a contract agreement with Citibank, N.A. for the provision of Central Treasury Banking services for a 3rd Negotiated Acquisition Extension. This is the revenue stream for the City. It is not possible to ensure all bank accounts will be transitioned  within one year. These services are integral for the banking services for the City of New York Central Treasury which include: cash management of the over $120 billion revenue stream, vendor payments, distribution and maintenance of bond payments (and therefore the City’s Bond Rating), and City employee transaction (payroll and worker’s compensation) processing services.

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