GS S$mart FY 26/27 Interest and 11 more items

JP Morgan Chase Bank NA was awarded an IT Goods contract by the California Department of Technology on August 18, 2026, with a total contract value of $9.5M and a performance period extending through October 20, 2031. The contract encompasses a series of GS S$mart financing payments structured across five fiscal years (FY 26/27 through FY 29/30), with each fiscal year's deliverables segmented into principal, interest, and bond components.

The line items detail a structured financing arrangement with principal payments ranging from approximately $2.1M to $2.3M per fiscal year, supplemented by annual interest payments that decrease over the contract term (from $220.9K in FY 26/27 to $53.9K in FY 29/30) and bond fees of approximately $4.6K to $5.0K annually. This payment structure suggests a multi-year IT goods procurement or lease arrangement financed through a General Services Administration Schedule contracting vehicle. The declining interest payments indicate a fixed-term financing mechanism with an amortizing principal schedule across the five-year contract duration.