70-M0020-26-CP308_Waterworth-Muniworth Innovations Inc-SS.pdf.PDF

This is a contract award document for the New Mexico state administration procuring Waterworth Innovations Inc.'s cloud-based continuous rates management platform and associated support services. The procurement seeks an integrated Software-as-a-Service (SaaS) solution designed to support long-term financial forecasting, cost-of-service analysis, and rate design functionalities for the state. The contract establishes a comprehensive software platform deployment with ongoing technical support services to enhance the administration's financial management and rate-setting capabilities across relevant departments and agencies.

The awarded contract specifies terms and conditions for implementation of the Waterworth platform, including system integration, user training, and continuous technical support throughout the contract period. The agreement outlines service level expectations, performance metrics, and support provisions necessary to maintain the platform's operational effectiveness for the state's financial forecasting and rate management functions. Pricing terms and renewal options are structured to provide long-term cost certainty while allowing the state flexibility to adjust service levels based on operational needs during the contract term.