Banking, Investment, and OPEB Trust Administration Services
Overview
Fit Score
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SUMMARY
KEY REQUIREMENTS
CONTRACT DURATION
TIMELINE
Solicitation Issuance: June 1st, 2026
Last Day for Questions: June 18th, 2026, by 2:00 pm
Proposal Due Date: July 2nd, 2026, by 2:00 pm
Award/Contract Effective: Week of July 13th, 2026
QUESTION DEADLINE
Issuing Agency
Middletown Housing Authority
Organization overview and procurement intelligence available on paid plans.
DESCRIPTION
The government authority in Connecticut is seeking a vendor to provide comprehensive banking, investment, and OPEB (Other Post-Employment Benefits) trust administration services. The selected provider will assist the Finance Department and Property Manager with the management of daily deposits, which are processed via remote scanning, online methods, and physical deposits to designated accounts as funds are received.
Services required include positive pay fraud protection and online transaction inquiry capabilities across multiple accounts such as the General Fund Account, which supports payroll and portions of accounts payable, and the Federal LIPH Account, used primarily for collecting tenant rent for Public Housing programs. Deposits to these accounts are to be managed through both physical and electronic direct deposit processes. All vendor inquiries regarding the project must be submitted by June 18, 2026.
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Frequently asked questions
- When is the submission deadline?
- Submissions are due July 2, 2026. Questions must be submitted by June 18, 2026.
- Who issued this RFP?
- It was issued by Middletown Housing Authority. The work is located in Middletown, Connecticut, United States.
- Who is a good fit for this opportunity?
- Experience providing banking and trust administration services to government entities
- Expertise in investment management and OPEB trust operations
- Robust fraud protection and online transaction inquiry systems
- Strong presence or capability to serve clients in Connecticut
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