BB26-1 Subordinate Shared Appreciation Loan Program

The State of Utah Division of Purchasing, in collaboration with the Department of Workforce Services, is seeking to establish a contract through a competitive RFP process for the Subordinate Shared Appreciation Loan Program. The solicitation, identified as BB26-1, was posted on July 14, 2025, with a response deadline of July 28, 2025. The contract aims to select a single vendor based on the highest score determined by the procurement evaluation criteria, ensuring the vendor is responsible and responsive. The awarded contract will have a duration of one year, with the possibility of four additional one-year renewals, and the vendor must guarantee its pricing for the initial year. The project involves a contract value estimated between one million and five million dollars, with the NAICS code 525990 indicating a focus on other financial vehicles. The contract will be performed within Utah, and interested vendors can access further details and submit responses through the provided online portal. The procurement emphasizes selecting a vendor that can deliver the program effectively while maintaining price stability for the first year of the contract.