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State Contract Reporting System

Florida Department of Financial Services: F.A.C.T.S

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Contract Information

 

Summary

Agency Name: DEPARTMENT OF FINANCIAL SERVICES

Agency Contract ID: TR245

Long Title: Clearwater Analytics

Vendor Name: CLEARWATER ANALYTICS, LLC

Total Contract Amount: $3,715,000.00

Total Budgetary Amount: $4,515,000.00

Total Payment To Date: $3,092,380.72

Date of Execution: 09/28/2022

General Description: This procurement is for the use of Investment Accounting Software as a Service (SaaS) for the management of the Department's Treasury Investment Pool. The Florida Treasury Investment Accounting System will allow Treasury to manage the State's investments accurately and timely. This procurement is exempt for competitive solicitation under F.S. 17.57.

Main Information

Agency Contract ID: TR245

FLAIR Contract ID: D1843

Short Title: Clear

Long Title: Clearwater Analytics

Contract Type: Master Agreement

Contract Status: Active

Date of Execution: 09/28/2022

Date of Beginning: 09/28/2022

Original End Date: 09/27/2027

New Ending Date:

Agency Service Area: TR

Statutory Authority: 17.57

Contract Involves State or Federal Financial Assistance: No

Recipient Type:

Provide for Administrative Cost: No

Provide for Periodic Increase: No

Procurement Information

Authorized Advanced Payment: No

Method of Procurement: DFS Exemption, Investment Related Services [Section 17.57(2). F.S.]

State Term Contract ID:

Contract’s Exemption Justification: Exempt, Investment Related Services

Agency Reference Number:

Business Case Study Done: No

Legal Challenges to Procurement: No

Outsourcing / Capital Improvements

Was the Contracted Function Previously Performed by the State: No

Was the Contracted Function Considered for Insourcing back to the State: No

Did the Vendor Make Capital Improvements on State Property: No

Budget Information

Original Contract Amount: $3,500,000.00

Total Contract Amount: $3,715,000.00

Total Recurring Budgetary Amount: $975,000.00

Total Non-Recurring Budgetary Amount: $3,540,000.00

Total Budgetary Amount: $4,515,000.00

Total Unfunded Amount: ($800,000.00)

As of Date: 6/16/2026

Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$175,000.00 43-20-2-725001-43100300-00-100777-00 07/01/2023 2023-2024 A2
$800,000.00 43-20-2-725001-43100300-00-100802-00 07/01/2023 2023-2024


Non-Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$40,000.00 43-20-2-725001-43100300-00-100802-00 07/01/2025 2025-2026 A3
$3,500,000.00 43-10-2-393001-43200300-00-100781-00 07/01/2022 2022-2023

Contract Change

Change Type Amendment Amount Agency Amendment Reference Change Description Amendment Effective Date Amendment Execution Date New Ending Date
Amendment $40,000.00 A3 Amendment 06/16/2026 06/16/2026
Amendment $175,000.00 A2 Amendment 02/01/2024 02/01/2024
Amendment $0.00 A1 Amendment 02/21/2023 02/21/2023

Vendor

Name Line 1Name Line 2City State ZipMinority Vendor Designation
CLEARWATER ANALYTICS, LLC BOISE ID 837026183 Non-Minority

CFDA

No CFDA Codes found for the contract.

CSFA

No CSFA Codes found for the contract.
More Deliverable Number      Commodity/Service Type Major Deliverable Method of Payment
     
 Financial asset management service Annual Base Fee of $700,000.00 per year Fixed Fee / Unit Rate
     
 Financial asset management service Basis Point Fee in the amount of 0.13 basis points if above breakpoint of $60B Fixed Fee / Unit Rate
     
 Financial asset management service Collateral Management Annual Base Clearwater Fee of $175,000 per year Fixed Fee / Unit Rate
     
 Financial asset management service Basis Point Fee in the amount of .10 basis points if above breakpoint of $24B Fixed Fee / Unit Rate
     
 Financial asset management service Data Layer Reporting to our current system Fixed Fee / Unit Rate
     
 Financial asset management service Custom GL Entry File Fixed Fee / Unit Rate
 Displaying 1 to 6 of 6    


Payments are also referred to as expenditures (creating or incurring a legal obligation to disburse money) or disbursements (the payment of expenditures). Payments include disbursements and accounting adjustments made on a contract. Payments are always positive amounts while accounting adjustments may be positive or negative depending on the type of adjustment.

Payment Details

"Date" in the listing below indicates the date the payment voucher was recorded in the system, not the date the payment was issued.
More Fiscal Year Total Amount
     
 2025-2026 $855,670.03
     
 2024-2025 $921,939.77
     
 2023-2024 $787,985.23
     
 2022-2023 $526,785.69

If a payment or adjustment to a contract was made before July 1, 2012, the information may not be posted in this system.

Contract Documents


Click on the pdf icon or Agency Document Link to view the document
Document Type Document Reference # Executed Date Document Add Date Agency Document Link View
Original Contract Original Contract - D1843 09/28/2022 10/21/2022 12:04:15 PM
Amendment A1 02/21/2023 3/8/2023 8:15:13 AM
Amendment A2 02/01/2024 2/7/2024 8:16:08 AM
Amendment A3 06/16/2026 6/16/2026 4:54:20 PM


Audit results posted prior to June 30, 2012, appear in a summarized form. As of July 1, 2012, the audit reporting process was expanded to include additional questions and comments from the Bureau of Auditing. As audits are captured in electronic format, they will be posted to this system. If you are interested in seeing audit reports by Fiscal Year and Agency Action Plans, please click here to navigate to the Transparency Florida Contract Audit page.

  • No audits have been conducted on this contract at this time.
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