Merx #228478

City of Vancouver Banking Services Agreement with Bank of Montreal

This opportunity involves the City of Vancouver's intent to extend its banking services agreement: - Government Buyer: - City of Vancouver, Supply Chain Management department - OEMs and Vendors: - Bank of Montreal (BMO) is the sole vendor mentioned - Products/Services Requested: - Comprehensive banking and financial services - No specific products or part numbers are listed - Contract Details: - Initial five-year term, with options for two additional five-year renewals (up to fifteen years total) - Estimated contract value: $2,000,000 over the full term - Notable Requirements: - Sole-source intent; only Bank of Montreal is considered - Services fall under Financial and Related Services (N11) - Place of Performance: - City of Vancouver, British Columbia

Description

The City of Vancouver intends to contract with the Bank of Montreal for banking services. The contract term is five years starting January 1, 2027, with options to renew for up to two additional five-year terms, totaling a maximum of fifteen years. The estimated contract value is approximately $2,000,000 over the maximum potential term. This notice is an informal solicitation for these banking services.

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