Fixed Asset Management-Statewide

The contract is for a Fixed Asset Inventory and Asset Management System, which will help TSTC to capture, track, and manage its business assets. The system will include an inventory management software and may use RFID technology. The contract is for one year with an option to renew for one additional year. The vendor, HL Group, Inc., will provide the necessary equipment and services to facilitate the inventory control business process. The contract also includes requirements for security, reporting, and compliance with Texas state laws and regulations. • The contract includes a scope of work that outlines the requirements for the asset management system. • The vendor must provide a hosted solution with a built-in integration with Workday. • The vendor must also provide documentation outlining the built-in integration with Workday. • The contract includes requirements for security, including SSL sitewide and granular access controls. • The vendor must provide proof of all required licenses and certifications. • The contract includes a best value criteria that evaluates the vendor's proposal based on factors such as quality, availability, and adaptability of the supplies, materials, equipment, or contractual services.