Contract Award Summary

This document is a Board of Award (BOA) for contract R341479, issued by the State of Massachusetts Executive Office of Technology Services and Security (EOTSS). The contract involves the Commonwealth of Massachusetts as the procuring entity and multiple vendors, with Bank of America (BOA) identified as a key participant in the contract structure.

The contract establishes terms for financial and payment processing services, including merchant services, transaction processing, and related banking solutions. The contract includes pricing structures based on transaction volumes and service categories, with established unit costs and fees. The agreement incorporates option periods for renewal, allowing the Commonwealth to extend services beyond the initial contract term. The contract is subject to state procurement regulations and includes standard set-asides for small businesses and minority-owned enterprises as applicable under Massachusetts law. Additional terms address payment schedules, performance requirements, and compliance with state financial management standards.