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  5. ›Procurement Marketplace SaaS

Awarded contract·Cooperative Purchasing Connection·Minnesota

Procurement Marketplace SaaS

Won by Equal Level Inc.$1MSingle Award
Contract source

Awarded vendors

  • Equal Level Inc.

Description

The Cooperative Purchasing Connection is seeking a vendor to provide a procurement marketplace SaaS solution. The solution must be customizable, internet-based, and vendor-hosted, and must be able to interface with existing financial software to automate accounts payable and invoicing functions. The contract term may be renewed annually, up to three (3) additional terms. The awarded vendor will provide a private marketplace for eligible governmental and non-profit agencies to purchase internet-based procurement software services at a consortium level discounted pricing. Key features of the solution include: • A more efficient and streamlined procurement business process • Access and purchase from customer's existing and potential vendor partners • The ability to track and provide reports on spend data • The ability to more efficiently control costs associated with accounts receivable and payable • Ease of use in distributed, multi-level approval environments.

Attached files

Key dates

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Information Technology and Software Development
NAICS
541512
Solicitation №
16.14

Contract value

$1,000,000

The value of the contract is not explicitly stated in the document. However, based on the description of the contract, it appears to be a significant procurement, potentially involving multiple agencies and a large volume of transactions. Assuming an average annual contract value of $100,000 to $500,000, the total contract value over the potential four-year term could be in the range of $400,000 to $2,000,000.

AI estimate from the award documents

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