SLED Opportunity · MARYLAND · WASHINGTON SUBURBAN SANITARY COMMISSION, MD
AI Summary
WSSC seeks a cloud-based Lease and SBITA management software to automate payment schedules, amortization, journal entries, and reporting for GASB 87 and 96 compliance. Responses due by 2:00 pm EST on February 16, 2026 via WSSC's eProcurement Portal.
The Washington Suburban Sanitary Commission, MD (the "WSSC"), is soliciting sealed responses for Lease and Subscription-Based Information Technology Arrangement (SBITA) Software. Responses will be submitted via WSSC's eProcurement Portal via https://procurement.opengov.com/portal/wsscwater PRIOR TO 2:00 pm on Monday, February 16, 2026. Late responses will not be accepted.
WSSC is seeking a cloud-based software solution that provides a platform to manage Lease and Subscription-Based Information Technology Arrangement (SBITA) contracts while automating the generation of lessee payment schedules, amortization schedules, journal entries, and disclosure reports to comply with GASB 87 and GASB 96.
The primary goal with this request is to improve efficiency through automation and ensure accurate Lease and SBITA-related information in our financial statements.
The software shall be capable of managing payment schedules, amortization schedules, required journal entries, and disclosure reporting to comply with GASB 87 and GASB 96 once contract details, such as lease terms, initial measurements, escalations, renewals, terminations, and modifications, are entered. After the initial contract input, the process must run automatically without manual intervention.
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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