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Awarded contract·Grand Valley State University·Michigan

Electronic Payment System

Won by Transact Campus Inc$800kSingle Award
Contract source

Awarded vendors

  • Transact Campus Inc

Description

Grand Valley State University is seeking a hosted, SaaS‑based electronic payment solution that integrates with its current Ellucian Banner system and future Workday Student platform. The solution must support campus‑wide cashiering, electronic bill presentment, direct deposit disbursements, installment payment plans, refunds, and comprehensive reporting while meeting PCI‑DSS, GLBA, FERPA, WCAG, and ADA compliance standards. The RFP requires vendors to provide detailed cost proposals, PCI documentation, three references, and to demonstrate the system via Zoom after the proposal deadline. The contract will be awarded for an initial three‑year term with two optional one‑year renewals.

Attached files

Key dates

Bids closed
10/11/2024
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Information Technology and Software Development
NAICS
541512
Solicitation №
717698

Contract value

$800,000

The solicitation does not disclose a monetary ceiling. Comparable university payment‑processing SaaS contracts typically range from $400,000 to $1,200,000 over a three‑year term, depending on transaction volume, licensing tiers, implementation services, and support levels. Given GVSU’s sizeable student body (≈22,000) and the extensive functional requirements (integration with Banner and Workday, multi‑campus deployment, comprehensive reporting, and PCI compliance), a mid‑range estimate of roughly $800,000 is reasonable. This estimate assumes a subscription fee of $200,000 per year plus an upfront implementation and training budget of $200,000.

AI estimate from the award documents

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