NC1-001-04-39 ONE INDEPENDENCE CENTER, CHARLOTTE, NC, 28255-0001
PIN#83622N0005001
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.