Salt Lake City Corporation Professional Services SLCI27011 Loan and Underwriting Services

Salt Lake City Corporation is seeking qualified offerors to provide loan and underwriting services for its Housing Stability Division under solicitation SLCI27011, with a total contract value not to exceed $75,000. The agreement is anticipated to last for two years or until the $75,000 spending limit is reached, whichever occurs first, with the possibility of a four-month extension through mutual agreement. Offerors must submit electronic responses through the U3P portal via Bonfire after completing a one-time registration, adhering to strict formatting requirements that include a cover sheet with entity details and a narrative response addressing each mandatory requirement in order. Cost proposals are prohibited; instead, offerors must guarantee their pricing for the full contract term. The evaluation focuses on responsiveness and mandatory minimums as pass/fail gates, followed by ranking based on perceived qualification, assessed through firm experience in housing loan and underwriting services, team composition of key personnel, references from prior clients, and a disclosed conflict of interest statement. The scope of work requires underwriting analysis for approximately ten amortized loan applications annually, timely completion of loan packets within fourteen business days, preparation of monthly Housing Program Funds Loan Committee submissions with redacted documents, recommendation of process improvements, and strict handling and immediate destruction of all personal identifying information after packet completion. Contractors must maintain insurance coverage including workers’ compensation, commercial general liability with $1 million per occurrence and $2 million aggregate, commercial automobile liability, professional liability with $1 million per occurrence, and cyber risk insurance of at least $1 million per claim maintained for three years post-termination. All materials produced become City property, and data security mandates industry-standard protection, 24-hour incident notification, and irreversible deletion or return of personal data within thirty days of termination. Use of City data in generative AI queries or training is strictly prohibited without prior written approval. Ethical compliance is enforced through certifications prohibiting illegal gifts, contingent fees, and violations of Salt Lake City’s conflict of interest ordinance, and contractors must certify they are not debarred, suspended, or ineligible under any government program, with notification required within thirty days of any such change. Invoicing must reference the contract number and be submitted electronically, with payment expected within thirty days of receipt. The agreement is governed by Utah law, subject to state immunity statutes, and subject to termination for convenience with thirty days’ notice or for cause with a seven-day cure period. All submissions must avoid prohibited file types such as zip archives, videos, or