Sacramento Regional Transit District Board Meeting Agenda April 2025
Masabi Selected for Regional Account-Based Fare Platform
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Description
SacRT conditionally approved a five-year contract with Masabi, LLC to deploy an account-based transit payment platform serving SacRT and six partner agencies, funded in part by TIRCP grants. The agreement includes $336,118.80 in implementation fees, CPI-adjusted annual fixed fees, transaction-based charges, and options for two one-year extensions.
Contract Details
Contract Amount
$336,118.80 implementation fees; $153,972.96 first annual fixed fee (plus CPI adjustments); transaction fees of 1.75%–5.00% of revenue as specified; potential early termination penalty up to $450,000.00
Vendor
MASABI LLC
Agency
Sacramento Regional Transit District, CA
Contract Type
TECHNOLOGY
Document Date
April 28, 2025
Contract Term
Initial 5-year term with option for up to two additional 1-year extensions
Renewal Info
Contract has SacRT option to extend for up to two additional one-year terms beyond initial five-year term; early termination for convenience would incur a penalty up to $450,000.
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