Banking & Investment Services

Notice of Request for Proposal

N otice is hereby given that sealed proposals will be received electronically before 3:00pm on Friday, February 28, 2025 , for Banking and Investment Services as requested by the City of Cedar Rapids Finance Department . The City will only accept bids submitted through the City’s Online E-Procurement portal system (IonWave).  Email, fax or hard copy Submittals are not acceptable.

Suppliers are solely responsible for correctly submitting their response into the electronic sys tem (IonWave). The City bears no responsibility for delays or errors in submittal of response by the Supplier.

Proposals will be opened on Friday, February 28, 2025 at 3:00pm CST (our clock).

Proposals will be evaluated promptly after opening.  After an award is made, a proposal summary will be sent to all companies who submitted a proposal.  Proposal results will not be given over the telephone or prior to award.  Proposals may be withdrawn any time prior to the scheduled closing time for receipt of proposals; no proposal may be modified or withdrawn for a period of sixty (60) calendar days thereafter.