1 / 27

Agenda

RFP PROCESS FOR BANKING Presented by: Martin McConahay, District 39 Jackie Schimizzi, Consultant Kimberly Feeney, Bank of America. Agenda. Introduction of Presenters Definition of a Request for Proposal (RFP) Critical Issues RFP Process Steps District #39 Experience

amir-hardin
Download Presentation

Agenda

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. RFP PROCESS FOR BANKINGPresented by:Martin McConahay, District 39Jackie Schimizzi, ConsultantKimberly Feeney, Bank of America

  2. Agenda • Introduction of Presenters • Definition of a Request for Proposal (RFP) • Critical Issues • RFP Process Steps • District #39 Experience • Questions & Answers

  3. Presenters • Martin McConahay, Business Manager Wilmette Public School District 39 • Jackie Schimizzi, Consultant Marketing and Treasury Services • Kimberly Feeney, Vice President Bank of America

  4. What is a Request for Proposal (RFP)? • Request for Proposal - formal request • Needs determined • Request for Qualifications – informal request • Looking at providers • Request for Information – informal request • What are our needs? • Gathering of ideas • K

  5. Critical RFP Issues to address • What do we do today and what are our needs, today and in the future? • Who are the stakeholders in the process? • What is our timeline? • What is our universe of providers? • What is our response criteria?

  6. Critical RFP Issues to address • What do we do today and what are our needs, today and in the future? • Who are the stakeholders in the process? • What is our timeline? • What is our universe of providers? • What is our response criteria?

  7. What do we do today and what are our needs today and in the future? • What do we do today - Information Gathering • Account Analysis – current services • Current System and Procedures • Reporting and Audit Requirements • What are our needs – today and in the future? • Problem Areas • Reporting and Audit Requirements • Goal • determine targeted needs • eliminate weaknesses • Create a list of requirements in banking services

  8. Critical RFP Issues to address • What do we do today and what are our needs, today and in the future? • Who are the stakeholders in the process? • What is our timeline? • What is our universe of providers? • What is our response criteria?

  9. Who are the Stakeholders in the Process? • School District • Finance Staff • Building Personnel • Board of Education • Community • M

  10. Critical RFP Issues to address • What do we do today and what are our needs, today and in the future? • Who are the stakeholders in the process? • What is our timeline? • What is our universe of providers? • What is our response criteria?

  11. What is our Timeline? • Establish a Realistic Timeline to include: • Information Gathering and Analysis Phase • Preparation and Issuing of RFP • Bank Response Time • Evaluate Responses/ Bank Selection Process • School Board Meeting Schedule • Implementation of Services • J

  12. Critical RFP Issues to address • What do we do today and what are our needs, today and in the future? • Who are the stakeholders in the process? • What is our timeline? • What is our universe of providers? • What is our response criteria?

  13. What is our Universe of Providers? • Geographic Factors • Board Policy • Political Considerations • Provider Capabilities • M

  14. Critical RFP Issues to address • What do we do today and what are our needs, today and in the future? • Who are the stakeholders in the process? • What is our timeline? • What is our universe of providers? • What is our response criteria?

  15. What is our Response Criteria? • Establish Clear and Measurable Criteria Relevant to Your District • Bank Criteria • Local vs. Out-of-District • Quality Service • Innovative Services • Competitive Pricing • Reference Criteria

  16. RFP Process Steps • Write and Issue the RFP • Evaluate the responses • Award the contract • Implement the services

  17. RFP Process Steps • Write and Issue the RFP • Evaluate the responses • Award the contract • Implement the services

  18. Writing and Issuing the RFP • Be informative • Provide detailed information • State Objectives, selection criteria and timeline • Be interactive • Schedule a Pre-bidder’s Conference, • Allow for Questions Submission • Be Specific • AFP questionnaire, References and Pricing • Adhere to governmental bidding requirements J

  19. RFP Process Steps • Write the RFP and issue • Evaluate the responses • Award the contract • Implement the services

  20. Evaluating the Proposals • Design Comparative Evaluation Matrix

  21. Evaluating the Proposals (Cont.) • Evaluate and Summarize each Bank’s Response • Analyze Pricing: • Rank Fee and Balance Compensation • Acknowledge One-time Set-up Fees/ Exception Items • Select Finalists • Check references • Schedule Presentations • District to provide Agenda

  22. RFP Process Steps • Write the RFP and issue • Evaluate the responses • Award the contract • Implement the services

  23. Awarding the Contract • Unbiased Decision • Data and process driven decision • Data Collection • Deadlines • Evaluation Criteria • Present findings to your Board with recommendations • Formal Board approval • M

  24. RFP Process Steps • Write the RFP and issue • Evaluate the responses • Award the contract • Implement the services

  25. Implementing the Services • Important step to ensure success • Mutually agreeable plan timeline • Review and acceptance of services • Dedicated Team • District • Support from management • Bank • Go-live • K

  26. Wilmette Public School District 39 – RFP Experience • Experience - Marty

  27. Questions Thank you!

More Related