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SB 1508 Virginia Public Procurement Act; architectural and professional engineering term contracts.
SUMMARY AS PASSED SENATE: (all summaries)
Virginia Public Procurement Act; architectural and professional engineering term contracting; limitations on project fees; certain school divisions. Includes a school division in a locality with a population in excess of 78,000 under the exception from (i) the $100,000 single-project fee limit for architectural and professional engineering term contracts and (ii) the $1 million annual aggregate total of all such projects. Under the bill, such school divisions may pay a single-project fee of up to $2.5 million and an annual aggregate of $6 million.