BIP2142_Sole Source_Precision FY20 Software.pdf

This document is a Sole Source Justification for Precision FY20 Software, requested by the Bureau of Information and Telecommunications (BIT) for the State of South Dakota.

The Precision FY20 Software is a proprietary software solution required for the state's financial management systems. The request outlines the critical nature of this software and the lack of alternative products that can meet the state's needs. The contract period is for one year, with the option to renew for up to four additional one-year terms. There are no site visits, bidder's meetings, or response due dates specified, as this is a sole source procurement. The total estimated annual cost for the software is $1.2 million, to be funded through the state's general appropriations.