Professional fee - Fees are calculated using the industry standard formula of 33 and 1/3% (or 1/3)… and 1 more item

Greenwood Asher & Associates has been awarded a contract by Radford University in Virginia with a cumulative value of $77,600.00, effective as of September 30, 2026. The contract is identified as PO05304076-V3 and is to be delivered to Pamela Fitchett. The engagement encompasses two distinct components: professional fees calculated at $72,600.00 based on the industry standard formula of one-third of first-year estimated compensation with a minimum fee threshold of $54,000.00, and direct expenses budgeted at $5,000.00 for project-related costs.

The direct expenses component covers costs directly incurred in connection with the engagement, including team or candidate travel and lodging in accordance with the University's expense guidance and policies, job board advertisements, and background check services. This contract structure establishes a fee-for-service arrangement whereby Greenwood Asher & Associates will deliver professional services to Radford University while maintaining transparency in expense reimbursement through project-based invoicing. The specific scope of professional services and period of performance are not detailed in the contract documentation provided.