FAME Approves IBM Technology Modernization Contract Modification
Finance Authority of Maine | State of MaineState · Augusta, ME- Disclosed value
- $1.3 million for the proposed six-month SOW; approximately $7 million total estimated work
- From minutes
- Document date
- Jun 25, 2026
The 30-second brief
The Finance Authority of Maine approved modifications to its contract with IBM for technology modernization. The proposed six-month statement of work is valued at $1.3 million, with IBM’s total estimated work approximately $7 million.
Ibm Inc holds this professional services contract with Finance Authority of Maine | State of Maine. Its other public contracts on record include work for City of Yakima and Township of Woodbridge.
Term as filed: Six months for the proposed SOW; total implementation schedule not specified.
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Contract details
- Contract type
- Professional Services
- Amount
- $1.3 million for the proposed six-month SOW; approximately $7 million total estimated work
- Document date
- June 25, 2026
- Term
- Six months for the proposed SOW; total implementation schedule not specified
- Vendor
- Ibm Inc
- Source document
- Finance Authority of Maine Minutes Minutes 2026-06-25 (Minutes)
Ibm Inc's other public contracts
More Finance Authority of Maine | State of Maine contracts
Questions about this contract
Who was awarded the professional services contract by Finance Authority of Maine | State of Maine?
Ibm Inc was awarded this professional services contract by Finance Authority of Maine | State of Maine, as recorded on June 25, 2026. The contract value is $1.3 million for the proposed six-month SOW; approximately $7 million total estimated work.
How much is the Ibm Inc contract with Finance Authority of Maine | State of Maine worth?
The Ibm Inc contract with Finance Authority of Maine | State of Maine is valued at $1.3 million for the proposed six-month SOW; approximately $7 million total estimated work, covering professional services work.
What type of contract is this?
This is a Professional Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Finance Authority of Maine Minutes Minutes 2026-06-25 (Minutes), dated June 25, 2026 from Finance Authority of Maine | State of Maine. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Ibm Inc hold?
Ibm Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Finance Authority of Maine | State of Maine currently buying?
Explore Finance Authority of Maine | State of Maine's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.