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  5. ›Financial Management Services - 27

Massachusetts Department of Developmental Services·Massachusetts

Financial Management Services - 27

Closes 4/30/2026$500k – $2MRequest for Proposal
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Description

The Department of Developmental Services (DDS) is seeking proposals from qualified bidders for Financial Management Services (FMS) that support self-direction programs. The selected bidder will be required to perform specific tasks as a Fiscal/Employer Agent. The FMS system must be customized for each of the three self-direction programs based on program requirements. Key responsibilities may include financial management, employer agent services, and participant support. • The proposal should include a detailed description of the bidder's experience and qualifications in providing FMS. • The bidder should provide a plan for customizing the FMS system for each program. • The proposal should include information on the bidder's approach to providing participant support and financial management services. • The bidder should provide a detailed breakdown of the costs associated with the services. • The proposal should include information on the bidder's experience working with similar programs and populations.

Attached files

Contact

[email protected]

Key dates

Opened
3/19/2026
Pre-bid meeting
4/7/2026
Closes
4/30/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
923150
Solicitation №
BD-26-1023-1023C-1023L-126788

Budget estimate

$500,000 – $2,000,000

The budget for this opportunity is difficult to estimate, as the document does not provide a specific budget or cost range. However, based on the scope of work and the fact that it is a state-funded project, it is likely that the contract value will be in the range of $500,000 to $2 million per year, depending on the level of services required and the number of participants in the self-direction programs. The actual budget will depend on the bidder's proposed costs and the state's budget for the project. Factors that may influence the likely payment range include the complexity of the financial management services required, the level of customization needed for the FMS system, and the bidder's experience and qualifications.

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