New York State Contract Reporter #RFQ TAC 091126

Five-Year Certificate of Deposit Solicitation for Taconic DDSOO Patient Fund

This opportunity is for a five-year Certificate of Deposit (CD) for the Taconic DDSOO Patient Fund, managed by the New York State Office for People With Developmental Disabilities (OPWDD). - Government Buyer: - New York State Office for People With Developmental Disabilities (OPWDD) - Taconic Developmental Disabilities State Operations Office (DDSOO) - Contract Management Unit - OEMs and Vendors: - No specific OEMs; commercial lending institutions (banks) are eligible - Past awards have gone to JP Morgan Chase - Products/Services Requested: - Five-year Certificate of Deposit (CD) - Amount: $1,500,000 - Quarterly interest payments to Taconic DDSO Patient Fund Account - CD titled to NYS Office of State Comptroller, Taconic DDSO as Trustees for Patient Fund Account - Unique/Notable Requirements: - Only commercial lending institutions with sufficient collateral may bid - Must have filed required documents with NYS Office of the State Comptroller prior to bid - Award based on highest interest rate offered - Only one contractor will be selected - No MWBE, SDVOB, or DBE goals set for this procurement

Description

The Office for People with Developmental Disabilities (OPWDD) Contract Management Unit on behalf of Taconic Developmental Disabilities State Operations Office (DDSOO) is soliciting quotes for a five-year Certificate of Deposit for the term of 9/22/2026-9/22/2031 in the amount of $1,500,000.00. Interest must be paid quarterly to the State of New York, Taconic DDSO Patient Fund Account on specified dates throughout the term. The bank must be a commercial lending institution with sufficient collateral and must have filed necessary documents with the NYS Office of the State Comptroller prior to the bid date. OPWDD will select the responsible and responsive bidder providing the highest interest rate, and only one contractor will be selected.

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