Debt and Lease Management and Consulting Services

Contract 159808, effective February 19, 2026, establishes a national cooperative agreement between the Region 14 Education Service Center and Fifth Asset, Inc. dba DebtBook for Debt and Lease Management and Consulting Service Solutions. Awarded through RFP 25-S946 and managed via OMNIA Partners, the contract provides public agencies, including school districts and higher education institutions, with a software solution for consolidated debt and lease management. The platform is designed to ensure compliance with federal, state, and local laws, specifically focusing on Governmental Accounting Standards Board GASB 87 lease accounting and GFOA financial reporting standards. Key capabilities include the management of multiple debt issues and bonds, integration with ERP and banking systems, and the production of audit-ready reports, roll-forward schedules, and footnote disclosures. The agreement has an initial term of three years, with options to renew for up to two additional one-year periods. Pricing is structured on a tier-based model that scales with organization size, utilizing a flat price combined with a Region 14 ESC/OMNIA discount. This pricing is designated as not-to-exceed, meaning the supplier may lower prices but cannot exceed the approved rates. The award was based on a comprehensive evaluation where DebtBook scored 97 out of 100 points across criteria including pricing, ability to provide, and experience. The contract also incorporates specific federal compliance requirements, including FEMA special conditions and prohibitions on certain telecommunications equipment under FAR 52.204-25.