RFQ 2025-079, Financial Counseling Services Provider for Financial Empowerment Center

Closed State & local contract opportunity

Solicitation number
RFQ2025-079
State
Texas
Responses due

Opportunity facts

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Opportunity details come from txsmartbuy.com. Updated .

About this opportunity

The City of Waco, Texas has issued Request for Qualifications (RFQ) No. 2025-079 seeking a qualified 501(c)3 nonprofit organization to serve as the financial counseling provider for the Financial Empowerment Center (FEC). The procurement is specifically targeting an organization capable of implementing high-volume, quality, one-on-one financial counseling services for low-income individuals and families. Key responsibilities for the selected provider include recruiting, hiring, and supervising financial counselors, collecting programmatic data, offering staff training, supporting public marketing efforts, and participating in learning community activities. Proposals are due on November 21, 2025, at 2:00 P.M. Central Time, with a Zoom virtual bid opening using meeting ID 160 792 1228. Evaluation criteria will focus on organizational expertise, personnel qualifications, project approach, and demonstrated ability to provide comprehensive financial counseling services to low-income communities. The contract is anticipated to commence in February 2026, with an initial 3-6 month build phase followed by a 24-month implementation period.

The RFQ is explicitly limited to 501(c)3 nonprofit organizations, with no specific mention of set-aside designations for disadvantaged enterprises. The City may select one or multiple nonprofit providers, with preference given to applicants offering competitive pricing combined with high-quality programs that serve significant geographic areas or targeted populations. The total available annual funding for the contract is $100,000, with anticipated contract values ranging from $75,000 to $150,000 to cover direct counseling services. The Financial Empowerment Center model has a proven track record, having previously worked with over 189,000 clients across more than 30 operational centers, helping participants reduce debt by over $315 million and increase savings by $61 million. No incumbent vendors are specifically mentioned in the procurement documents, and there are no explicit requirements for integration with existing technology infrastructure. The procurement represents an opportunity for a nonprofit organization to provide critical financial counseling services in the Waco community, with potential for significant impact on low-income individuals and families.

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