SECTION 10 – PURPOSE, OVERVIEW & SCHEDULE

10.1 Purpose

Kentucky State University (KSU), hereinafter referred to as the “University”, as agency of the Commonwealth of Kentucky, requests proposals from qualified sources to enter into a contract to provide University Banking.

Initial contract shall be for one (1) three-year period with an option to renew for four(4) additional two-year periods.

A contract, based on this RFP, may or may not be awarded. Any contract awarded from this RFP is invalid until approved and executed by Kentucky State University, approved by the Kentucky State Board of Regents and filed with the Legislative Research Commission, Government Contract Review Committee.

10.2 Access to Solicitation, RFP and Addenda

The University invites each prospective Vendor to have full and complete information on which to base a proposal response. Only information presented or referred to in this RFP and any additional written information that is supplied by Kentucky State University Buyer shall be used by Vendors in preparing the response. The solicitation, addenda, and attachments shall be posted to the Kentucky State University Web site at: https://www.kysu.edu/finance-and-administration/purchasing/bid-opportunities.php

10.3 RFP Terminology

For the purpose of this RFP, the following terms may be used interchangeably:

  • Proposer, Offeror, Contractor, Provider, or Vendor;
  • Buyer, Purchaser, or Contract Officer;
  • RFP, Solicitation, or Procurement;
  • Bid, Proposal, or Offer;
  • Kentucky State University, KSU, University.

For the purpose of this RFP, the following terms are defined:

  • Requirements that include the words “Shall”, “Will”, “Must” indicate a mandatory requirement.

10.4 Restrictions on Communications

The Kentucky State University Buyer named on the Cover Sheet of this RFP shall be the sole point of contact throughout the procurement process. All communications, oral and written (regular, express, or electronic mail, or fax), concerning this procurement shall be addressed to the Buyer.

From the issue date of this RFP until a Vendor is selected and the selection announced, Vendors shall not communicate with any other University staff concerning this RFP. The University shall reserve the right to disqualify the Vendor's proposal response if the communication restriction clause is violated.