This contract is for the provision of a software platform to Atlanta Public Schools by Allovue Inc. The software platform, called Balance, integrates with existing district accounting systems and other data systems to help educators allocate budget, manage, and evaluate spending. The contract has a term of three years, with an optional renewal for two additional one-year terms. The contract value is estimated to be $221,000 per year. The scope of work includes the provision of the software platform, as well as additional services such as chart of accounts revisions, strategic consulting, financial management training, and funding formula revisions. Some key points of this contract include:
* The contract is for a software platform to help Atlanta Public Schools manage their budget and spending.
* The contract has a term of three years, with optional renewal terms.
* The contract value is estimated to be $221,000 per year.
* The scope of work includes the provision of the software platform and additional services.
* The contract includes provisions for data security, confidentiality, and intellectual property.
* The contract requires Allovue Inc. to comply with federal and state laws and regulations regarding privacy and security of student data.
* The contract includes provisions for termination, dispute resolution, and payment terms.