Opportunity
Virginia Military Institute Cobblestone #V211-26-050
Award for Athletics Revenue-Share Payment Management Platform at Virginia Military Institute
Posted
February 26, 2026
Respond By
March 25, 2026
Identifier
V211-26-050
NAICS
541512
Virginia Military Institute (VMI) has awarded a contract for a secure, compliant, and auditable technology platform to manage athletics revenue-share payments, including Name-Image-Likeness (NIL) activities. - Government Buyer: - Virginia Military Institute (VMI), Procurement Services & Accounts Payable, Lexington, VA - OEM and Vendor: - Ramp Business Corporation (OEM and solution provider) - Products/Services Requested: - Secure third-party technology platform for management, calculation, processing, and distribution of athletics revenue-share payments - Platform must support: - Recurring payments (approx. 90% of 500-700 annual transactions) - Secure onboarding of cadet-athletes as 1099 contractors - Multi-level approval workflows and audit trails - Tax documentation and 1099 issuance - Mobile app access, analytics, and compliance support - Implementation, training, and ongoing customer support - Unique/Notable Requirements: - Solution must operate independently of VMI's Ellucian Colleague ERP - No historical data migration required (new program) - Estimated annual payment volume: ~$900,000 - Must adhere to VMI's data protection and payment policies - Contract includes options for annual renewal, with a potential total duration of up to nine years
Description
The Virginia Military Institute (VMI) issued a Request for Proposals (RFP) for a secure, compliant, and auditable third-party technology platform and related services to manage, calculate, process, and distribute revenue-share payments associated with athletics programs, Name-Image-Likeness (NIL) activities, and other institute-approved initiatives. The contract period is from the date of award through June 30, 2030, with five successive one-year renewal options. The selected contractor will provide a platform that supports recurring payments, secure onboarding of cadet-athletes, and compliance with tax documentation requirements. The contract was awarded to Ramp Business Corporation.