IT - Investment Performance Reporting Software (DTL ONLY)

The North Dakota IT Investment Performance Reporting Software (Contract #318) is a specialized state-wide contract designed to provide comprehensive financial management technology for the Department of Trust Lands (DTL). The contract enables procurement of software solutions focused on managing account values, tracking investment returns, monitoring cash flows, and generating detailed stakeholder reports. Specifically, the vehicle supports Software as a Service (SaaS) capabilities that allow state financial professionals to efficiently analyze and report on investment performance through advanced technological platforms.

The contract is awarded to Solovis, Inc., a Delaware-based technology provider, and is administered by the State of North Dakota. The contract period runs from January 1, 2024, to December 31, 2025, with potential extensions up to two additional 24-month periods. The total initial contract value includes a $15,000 implementation fee, $100,000 first-year license fee, and $37,440 for first-year analyst services, with subsequent annual increases of 3%. The contract covers the State of North Dakota and provides flexible pricing for additional professional services at $180 per hour, along with optional market data and analytics packages.