Specifications include, but are not limited to: National Park College (“NPC,” “Agency”) is seeking bids from potential contractors to obtain interest rates for investing in a traditional Certificate of Deposit (CDs). NPC plans to invest funds into a Certificate of Deposit with the highest rate of return possible. CD offers shall be accepted from licensed banking institutions, credit unions, or investment firms (“Banking Institution”) domiciled in or having a branch in Arkansas. The Banking Institution agrees that all discussions or information gained during an engagement shall be considered confidential, and that no information gathered by the Banking Institution and/or its branches shall be released without prior written consent to NPC. The initial number of CD’s purchased shall be one (1). NPC reserves the right to purchase other CD’s during the contract’s term period. CD must be 100% collateralized. CD shall have the ability to be rolled over to a new CD if NPC deems the new rate is acceptable. CD interest shall be compiled into the CD. CD shall have the ability to have interest removed and transferred to another NPC account if NPC deems necessary. CD shall be payable upon maturity.
