Year 1 Debt Management Annual recurring fee for DebtBook's debt management software-as-a-service… and 6 more items

Fifth Asset Inc has been awarded a contract by the Virginia Department of Transportation (VDOT) for the provision of DebtBook software-as-a-service (SaaS) applications. The contract, identified as PO05133726-V3, was awarded on August 25, 2026, with a cumulative value of $117,642.50. The primary deliverables include annual recurring subscription fees for three integrated debt management modules: Debt Accounting, Debt Management Core, and Debt Sizing. Year 1 fees total $25,000, Year 2 recurring subscription fees are $42,850, and Year 3 recurring subscription fees are $44,792.50. All services are to be delivered electronically to vdotitassetmanagement@vdot.virginia.gov.

In addition to the recurring subscription services, Fifth Asset Inc will provide one-time implementation fees totaling $5,000 for premium implementation services related to the DebtBook debt management SaaS application. The contract encompasses a three-year performance period beginning September 4, 2025, and extending through September 3, 2028. The cumulative contract value of $117,642.50 encompasses all annual recurring subscription fees and one-time implementation charges for the complete deployment and ongoing access to DebtBook's integrated debt management suite.