142.24.B1 Budget Development Software Solution

The contract is for a Budget Development Software Solution, which will be provided by MyBudgetFile, Inc. to the Howard County Public School System. The contract has a term of three years, with the option to renew for an additional three one-year terms. The total contract value is not to exceed $480,000, with an annual spending authority of $80,000. The contractor will provide all goods and services as described in the solicitation documents, and will exercise no administrative authority over the work of HCPSS employees. The contract includes provisions for termination, indemnification, and intellectual property, as well as requirements for compliance with laws and regulations, including FERPA and the Maryland Education Code. Key aspects of the contract include: • The contract term and renewal options • The total contract value and annual spending authority • The scope of work and responsibilities of the contractor • The provisions for termination, indemnification, and intellectual property • The requirements for compliance with laws and regulations