IFB - Financial Technology Software as a Service

The California Department of General Services, Procurement Division, is issuing Invitation for Bid (IFB) #35627 on behalf of the California Pollution Control Financing Authority (CPCFA) to procure a cloud-based Financial Technology (FinTech) Software-as-a-Service (SaaS) solution for the California Capital Access Program (CalCAP). The procurement seeks a comprehensive platform to support loan enrollment transactions, claims processing, system maintenance, and data reporting across multiple loan loss reserve and collateral support programs, including those for small businesses, seismic safety, Americans with Disabilities Act, and zero-emission vehicles. Bidders must demonstrate at least three years of experience delivering cloud-based FinTech solutions for public-sector programs, with proven capabilities in legacy system migration, government-focused SaaS configuration, and program compliance tracking. The proposed contract term is 60 months, beginning July 1, 2025, with an approximately three-month implementation period and an option to terminate after 36 months. Bids are due by June 6, 2025, at 10:00 A.M. PT, with the solution required to comply with State Small Business Credit Initiative (SSBCI 2.0) requirements.

The procurement includes socioeconomic preference programs, specifically Disabled Veteran Business Enterprise (DVBE) incentives and Small Business Preferences, with potential additional preferences available. The cost structure is designed to be flexible, with payment components including fixed-price deliverables, not-to-exceed change requests, and monthly subscription services. The contract allows for change requests up to 10% of total deliverable costs and includes a 12-month SaaS subscription period. While the total contract funding is to be determined, the procurement supports a phased implementation approach with 13 distinct deliverables covering management, initiation, installation, application tool connectivity, training, solution configuration, data migration, system readiness, testing, stabilization, deployment, go-live support, and project closing. Bidders will be required to complete a detailed cost worksheet with specific pricing for each project phase, including a monthly SaaS subscription service and potential contingency allocations.