2011+07+25+TC+193+Contract+CHRIMS.pdf

This is a State Term Contract between the State of North Dakota, acting through its North Dakota Racing Commission (NDRC), and CHRIMS, Inc., for a pari-mutuel accounting system. The contract is governed by North Dakota law and will be adjudicated in the State District Court of Burleigh County, North Dakota.

The contract provides for a web-based pari-mutuel accounting system that will offer auditing and related information services, including vendor system training and customer support. The initial contract period is approximately 24 months, beginning approximately 07/22/2011 through 06/30/2013, with options for up to two 24-month renewals. The state will pay CHRIMS, Inc. an amount not to exceed $2,000.00 per month, with an initial set-up fee of $15,000.00 to be paid upon completion of installation. The contract is a firm fixed price with potential adjustment after the initial 24-month period, subject to documented cost increases not exceeding 5% of the current price.