DTL+-+IPRS+-+Contract.pdf

This document is a Technology Contract (Contract #318) between the State of North Dakota, acting through its Department of Trust Lands, and Solovis, Inc., a Delaware corporation with its principal place of business in Irving, TX. The contract is for an Investment Performance Reporting Software solution, with Solovis, Inc. serving as the contractor and the State of North Dakota as the client.

The contract provides Software as a Service (SaaS) for investment performance reporting, with a contract term from January 1, 2024 to December 31, 2025. The total compensation includes a one-time implementation fee of $15,000, first-year license fee of $100,000, and first-year analyst services of $37,440, with subsequent annual increases of 3%. The contract includes ongoing software licensing, analyst services, and additional value-add services such as eVestment market data comparison packages. The pricing structure includes provisions for potential contract renewals for up to two 24-month periods and an extension option of up to 12 months beyond the current termination date. Additional services are priced at rates such as $180 per hour for professional services and various annual fees for supplemental data and analytics packages.