Scope of work_2025 Revised.pdf

Scope of the Work

In search of terminals (computer software system) to provide data that students can use in a variety of courses, including Economics, Finance, Accounting, Marketing, Management, and Supply Chain, among others. Textbooks in Fixed Income Investments, Derivatives, Equity Investments, and Economic Indicators should utilize the data provided through their proprietary screens and will be used by faculty in the relevant courses. The Supply Chain module must offer a state-of-the-art platform that not only supports the Supply Chain center at the College of Business but also offers valuable data for researchers.

In addition to enhancing the curriculum, the terminal should enable worldwide networking for students, allowing them to connect with alumni within the network. The computer software should also help students stay informed about current events and provide a Certificate to enhance their credentials when applying for job opportunities.

Requested features below:

For Economists:

Basic Economic and Global Data: (Forecasts, Calendars, Economic Statistics, Economic Surprises, Inflation Monitors)

Central Bank Analysis: (Central bank dashboards, Fed forward guidance, Fed statements, and minutes)

Sovereign Debt Macro Foreign Exchange Capital Flows Industry Sector and Commodities News and Bloomberg Research

For Finance and Accounting

Credit Markets Equity Markets Foreign Exchange Commodities Accounting Data Tax Data Regulatory and Compliance

ESG

GPT

The terminal should contain a built-in module that uses large language models to analyze financial text data

The model needs to provide insights into market trends and sentiment Equity news analysis, summarize news articles, and more.

For Education

Enrollment: Attract students by showcasing outcomes.

Enrich Curriculum:

- Bridge gap between theory and practice

- Improve student engagement

Enhance Placement:

- Bolster student resume

- Students will be well informed

- Improve interview performance

Requirements when applicable:

FERPA (and privacy and confidentiality in general) "Vendor shall comply with all federal, state, and local privacy laws or regulations applicable to the covered Data and Information (CDI) provided by NMSU and its Constituents, including but not limited to: the Family Educational Rights and Privacy Act (FERPA) (Pub. L. No. 93‐380 (1974), codified at 20 U.S.C. § 1232g); the Health Insurance Portability and Accountability Act of 1996 (HIPAA) (Pub. L. No. 104‐191, § 264 (1996), codified at 42 U.S.C. § 1320d; Standards for Privacy of Individually Identifiable Health Information, 45 C.F.R. § 160 (2002), 45 C.F.R. § 164 subparts A, E (2002)."

"Vendor agrees to hold CDI in strict confidence. Vendor shall not use or disclose CDI received from or on behalf of NMSU or its Constituents except as permitted or required by the Agreement, as required by law, or as otherwise authorized in writing by NMSU. Vendor agrees that it will protect the CDI it receives from or on behalf of NMSU or its Constituents according to commercially acceptable standards and no less rigorously than it protects its own confidential information."

Data Security "Vendor shall develop, implement, maintain, and use appropriate administrative, technical, and physical security measures to preserve the confidentiality, integrity, and availability of all electronically maintained or transmitted CDI received from or on behalf of NMSU or its Constituents. These measures will be extended by contract to all subcontractors used by Vendor."

"Vendor shall provide NMSU with access to its latest SAS 70 (SOC2) Type II or SOC3 audit results, Shared Assessments™ security questionnaire(s), HECVAT or similar independent security assessment findings, or permit NMSU to conduct its own assessment upon request once every two years." A SOC2 report is an essential requirement, especially when placing sensitive/ regulated data on the cloud. The SOC2 report focuses on a business's non‐financial reporting controls as they relate to security.

Data Storage and Location “The vendor shall ensure that all data created, modified, transmitted, and deleted is stored in U.S. territory.”

Data Retention and Return “The vendor shall provide NMSU data retention strategy. How will the data be returned to NMSU after the termination of the contract?

Please Note: This list is not all‐inclusive, and other contract clauses may be required and/or reviewed.