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  5. ›PAYMENT PROCESSING SERVICES CONTINUATION

Awarded contract·New Mexico Taxation and Revenue Department·New Mexico

PAYMENT PROCESSING SERVICES CONTINUATION

Won by GRANT STREET GROUP, LLC$500kSingle Award
Contract source

Awarded vendors

  • GRANT STREET GROUP, LLC

Description

This emergency procurement awards Grant Street Group, LLC a six‑month maintenance and support contract for the New Mexico Taxation and Revenue Department’s payment processing services. The award is a sole‑source, post‑award contract (no competitive bidding) with a start date of July 1 2026 and an end date of December 31 2026. The work includes ongoing system support, troubleshooting, and routine updates to keep the department’s payment processing platform operational. • Scope: Maintenance, support, and minor enhancements for existing payment processing systems. • Term: 6 months, with no stated renewal options. • Value: Not disclosed; estimated at roughly $500 k based on typical industry pricing for comparable services. • Vendor: Grant Street Group, LLC, a Pittsburgh‑based provider specializing in payment‑processing software and support.

Attached files

Key dates

Bids closed
7/31/2026
Starts
7/1/2026
Ends
12/31/2026
Duration
6 months

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Financial Services
NAICS
522320
Solicitation №
70-33300-26-EM060

Contract value

$500,000

The procurement listing shows a $0.00 placeholder, indicating the actual dollar amount was not disclosed publicly. Based on the contract’s six‑month duration, the nature of the work (maintenance and support for a state‑wide payment processing platform), and typical market rates for similar services (approximately $75‑$150 k per month for specialized payment‑processing support), a reasonable ball‑park estimate falls between $450 k and $900 k. Using a mid‑range figure of $500 k provides a conservative yet plausible estimate for budgeting and comparison purposes.

AI estimate from the award documents

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