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Awarded contract·Mohave County·Arizona

Rapid Financial Jury Cards

Won by Rapid Financial Solutions, LLC$52kSingle Award
Contract source

Awarded vendors

  • Rapid Financial Solutions, LLC

Description

This contract is for the continued use of CourtFunds software, a cost-saving measure for juror and restitution payment management. The Disbursements Software provides card issuance and digital disbursements on a single platform. The contract outlines the terms and conditions of the agreement, including the scope of services, license grant, obligations, and termination. The contract also includes information on payment management, fees, and invoicing. Key features of the Disbursements Software include payment management, card issuance, and digital disbursements. The contract is for a term of 3 years, with automatic renewal for additional 1-year terms unless either party provides written notice of termination. • The contract is for the use of CourtFunds software for juror and restitution payment management. • The Disbursements Software provides card issuance and digital disbursements on a single platform. • The contract outlines the terms and conditions of the agreement, including scope of services, license grant, obligations, and termination. • The contract includes information on payment management, fees, and invoicing. • The contract is for a term of 3 years, with automatic renewal for additional 1-year terms unless either party provides written notice of termination.

Attached files

Key dates

Starts
1/6/2025
Ends
6/30/2025Renews
Duration
176 days

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
522320
Solicitation №
2025-029-CTR

Contract value

$51,500

The contract value can be estimated based on the load fees provided in the Order Form. The load fee for Year 1 is $0.49 per jury and restitution load, and for Years 2-5, it is $0.99 per jury load and $1.99 per restitution load. Assuming an average of 100 loads per month, the total annual revenue for Year 1 would be approximately $5,880 (100 loads/month * 12 months * $0.49/load). For Years 2-5, the total annual revenue would be approximately $11,880 (100 loads/month * 12 months * $0.99/load) and $23,880 (100 loads/month * 12 months * $1.99/load), respectively. Based on this information, the total contract value for the 3-year term could be estimated to be around $41,640 to $61,640. However, this is a rough estimate and the actual contract value may be higher or lower, depending on the actual number of loads and other factors.

AI estimate from the award documents

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