School Bond Loan System

The Michigan Department of Technology, Management and Budget (DTMB) has established an Indefinite Delivery Vehicle (IDV) for the School Bond Loan System, designed to provide a comprehensive software solution for managing school district bond qualification processes. This contract enables the procurement of a Contractor Hosted Software as a Service (SaaS) solution that includes critical functionalities such as requirements discovery, application and authentication implementation, data migration, reporting, documentation, training, and system security planning. The solution will be strategically hosted on Google Cloud Platform and is specifically tailored to support multiple agency stakeholders involved in school bond loan management.

The IDV is awarded to Reason Consulting Corporation, a North Carolina-based technology consulting firm, with a contract period from October 1, 2025, to September 30, 2030, and options to renew for up to five additional one-year periods. The total estimated contract value is $1,006,816, with annual pricing scaling from $61,200 in 2026 to $74,388 in 2030. Implementation fees of $668,649 are included, covering comprehensive system setup and integration. The contract is specific to the State of Michigan and encompasses hosting, maintenance, licensing, and implementation costs, with a 3% annual escalator for option years and a 90-day post-production warranty.