All proposals must be received no later than the closing date and time listed on the cover page of this RFP. All submitted Proposals shall remain valid for a minimum of six (6) months after the proposal due date.

50.4 Evaluation of Proposals

Right to Reject/Waiver of Minor Irregularities

Kentucky State University reserves the right at its discretion to reject any and all offers. The University also reserves the right at its discretion to waive informalities and minor irregularities in offers received.

Clarification of Proposals

Kentucky State University reserves the right at its discretion to request additional information as may reasonably be required for selection and to reject any proposals for failure to provide additional information on a timely basis.

Evaluation Process

The following approach and criteria will be used to evaluate proposals:

Technical Proposal – points

Mandatory Components – P/F

Required on a pass/fail basis. Failure to comply with mandatory requirement shall result in disqualification.

Response should be based on the RFP requirements and should include the following:

Page Numbering: The Technical proposal should include page numbers.

Institution Experience – 200 points maximum

• The vendor should provide a summary of experience providing banking services. Experience should align with operating services outlined in Section 40.2 Scope of Work. Vendor should include any relevant experience managing similar account relationships with other universities.
• The vendor should provide biographical information on the bank officers that will be directly involved in the management of the account, and what, if any, experience these employees have in working with public universities. For each person, show the number of years of experience in this field and the number of years with your firm. Describe the proposed role of each with regard to the account.

Financial Strength – 200 points maximum

• The vendor shall provide financial data which demonstrates the bank's liquidity, asset quality, profitability and financial strength.
• The vendor should provide the ratings for the bank and/or bank holding company from Standard and Poor's and Moody's. If the vendor is not rated by these rating organizations, the vendor should provide evidence of the institution's credit quality.