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  5. ›RFP 26-72 Grant Management and Loan Servicing Software

City of Somerville, MA·Massachusetts

RFP 26-72 Grant Management and Loan Servicing Software

Closes 5/20/2026$200k – $500kRequest for ProposalLogin required
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Description

The City of Somerville is seeking a comprehensive grant‑management and loan‑servicing software solution to support its municipal housing and economic‑development programs. The solution must be cloud‑based, automate loan calculations, process payments, monitor compliance, and integrate with existing accounting systems. Vendors should demonstrate experience with federal grant programs and municipal clients, and provide technical assistance during the bid process. • Cloud‑based platform for grant management and loan servicing • Automation of loan calculations, payment processing, and compliance monitoring • Integration with City’s current accounting/financial systems • Experience with federal grant administration and municipal implementations • Required non‑price technical proposal and price proposal submissions

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Key dates

Opened
4/29/2026
Closes
5/20/2026

Last updated

Details

Type
Request for Proposal
Industry
Information Technology and Software Development
NAICS
541511
Solicitation №
RFP 26-72 (Solicitation ID 46930)

Budget estimate

$200,000 – $500,000

No explicit contract value is disclosed. Typical municipal software procurement of this scope (cloud platform, integration, licensing, implementation, and training) often ranges from a few hundred thousand dollars up to a mid‑million. Assuming a 1‑3 year implementation and licensing period, a reasonable estimate would be between $200,000 and $500,000. Factors influencing the final amount include the number of user licenses, customization depth, data migration needs, and ongoing maintenance/support fees.

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