New York State Contract Reporter #2138144

Sole Source Banking Services Contract Update for NYSIF (Addition of Virtual Reference Numbers)

This notice concerns an update to the New York State Insurance Fund's (NYSIF) sole source contract for banking services. - Government Buyer: - New York State Insurance Fund (NYSIF), Procurement Unit - OEM/Vendor: - J.P. Morgan Chase Bank, N.A. (sole provider) - Products/Services Requested: - Banking services for NYSIF - Addition of Virtual Reference Numbers (VRN's) to the contract scope - Unique/Notable Requirements: - Sole source procurement exemption (no competitive solicitation) - State-wide coverage for NYSIF - Contract updated to include VRN's as a new service feature - No specific product part numbers or purchase quantities are listed

Description

This contract involves banking services with the addition of Virtual Reference Numbers (VRN's) to the scope of the contract. The contract term is from September 21, 2021, to September 20, 2028, and it is statewide in New York. The procurement is exempt from advertising due to being a single source. The award recipient is J.P. Morgan Chase Bank, N.A.

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