J.P. MORGAN CHASE BANK-2016 - Laserfiche WebLink

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11. Provide the following formulas: a. Daylight Overdraft b. Overnight Overdraft c. FDIC Insurance d. Service Charge Credit C. Once the contract has been awarded, the Bank will not be permitted to charge the City for any fees not listed on the Cost /Bid Form. The only exceptions to this limitation will be if the City specifically requests additional services not identified in the RFP or in Bank's proposal. The fees for new services will be negotiated and added to the contract as an amendment or through a change order process. However, if a regulatory agency imposes a fee to the Bank which is passed through to all Bank customers then all such fees shall be accommodated. D. It is understood that the dollar amounts and quantities specified hereafter are estimates based upon past experiences. However, the actual number of transactions will vary, and the City makes no guarantees regarding minimum or maximum volumes. The Bank should specify the variance allowed from the estimates without changing the bid amount. E. The City reserves the right to retain all proposals and prices shall remain firm for a period of at least one hundred and twenty (120) days for examination and comparison, The City reserves the right to waive non - substantial irregularities in any proposal, to reject any or all proposals, and to reject one service category of a proposal and accept another, except to the extent that proposals are qualified by specific limitations by the proposer. F. Proposers are encouraged to propose alternatives to the listed requirements that will reduce cost and enhance service. The City will evaluate these alternatives on an individual basis. Alternative services should be listed separately on the Cost /Bid Form. All services listed must be priced even though an alternative service has been proposed. G. Any successful proposer shall be required to post collateral and comply with depository regulations in accordance with the California Government Code, City of Santa Ana Charter and Municipal Code, and other applicable state and federal laws. VI. PROPOSAL FORMAT — DATA REQUIRED The content and sequence of the information contained in each copy of the proposal shall be as follows (see also Attachment 11 - Data Required): A. Letter of Transmittal Include your bank's understanding of the work to be performed. Additionally, state why your bank believes it is the best qualified to perform the services requested. Include the Management Contact (Representative authorized to sign an agreement for your financial banking institution) and the Project Manager (person responsible for the day -to -day management of the project). B. Table of Contents Include a clear identification of the material by section and by page number. City of Santa Ana — Banking Services Page 18