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Awarded contract·Arkansas State University·Arkansas

Payroll Management Services

Won by Paychex Inc$500kSingle Award
Contract source

Awarded vendors

  • Paychex Inc

Description

This contract solicitation seeks a provider to deliver comprehensive payroll management services for a state‑affiliated institution. The RFP (RFP 25‑17) closed on February 10 2025, and the agency has indicated its intent to award the contract to Paychex Inc. The scope likely includes payroll processing, tax filing, employee self‑service tools, and related compliance support. • Commodity: Payroll Management Services • Intended awardee: Paychex Inc (single‑award) • Closing date for bids: February 10 2025 • Contact for bid results: [email protected] (no award date disclosed)

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Bids closed
2/10/2025

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
541612
Solicitation №
RFP 25-17

Contract value

$500,000

The solicitation does not disclose a contract value. For a statewide university‑level payroll processing contract, typical annual spend ranges from $300,000 to $1,000,000 depending on employee headcount and service breadth. Assuming a medium‑size institution with ~5,000 employees and a per‑employee processing cost of $100‑$150 per year, the contract value would be roughly $500,000‑$750,000 for a one‑year term. If the contract includes multi‑year extensions, the total could approach $2‑$3 million. Based on these industry benchmarks, a reasonable ball‑park estimate is about $500,000.

AI estimate from the award documents

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