Awarded vendors
- BM Technologies, Inc.
Description
The Alamo Colleges District awarded a contract to BM Technologies, Inc. for a comprehensive Student Refund & Disbursement Processing System. The system must include implementation services, annual maintenance, software/hardware licensing (where applicable), and transaction‑processing capabilities for ACH, checks, and related refunds. The award follows an open competitive bidding process that closed on 1 Nov 2022, with the award letter dated 15 Dec 2022. BM Technologies’ bid includes a $5,000 implementation fee, $30,000 yearly maintenance, and a total estimated annual spend of $60,683. The contract is contingent on the vendor completing an IT Security Assessment Questionnaire and providing certificates of insurance before final execution.
• Scope: software platform for student‑refund processing, training, licensing, maintenance, and per‑transaction processing.
• Vendor: BM Technologies, Inc. (115 Munson St., New Haven, CT).
• Procurement: full and open competition; award based on price (30 % weight) and functional fit (60 %).
• Requirements: IT security questionnaire completion and insurance compliance before contract finalization.