Financial Close Stabilization & Improvement (See Attached) Period of Performance: April 20, 2026… and 1 more item
State & local contract award Virginia Awarded
- Contract number
- PO05380018-V2
- Awardee
- KPMG LLP
- Contracting organization
- Norfolk State University
- Cumulative value
- $1,300,000
About this award
KPMG LLP has been awarded a contract by Norfolk State University valued at $1.3 million to deliver financial management and accounting services across two distinct performance periods. The contract, designated PO05380018-V2 and awarded on September 30, 2026, encompasses Financial Close Stabilization & Improvement services, Governmental Accounting Standards Board (GASB) standard implementation, and managed services as requested by the university's Budget Department. Services will be delivered to Martha Wilson-Wilson Hall 350 in Norfolk, Virginia.
The engagement is structured in two phases with staggered performance periods and corresponding financial commitments. The initial phase runs from April 20, 2026 through June 30, 2026, valued at $300,000, while the second phase extends through June 30, 2027 at a contract value of $1,000,000. Both line items are priced on a lump-sum basis, with each representing a distinct scope of work supporting the university's financial operations and regulatory compliance objectives under GASB accounting standards.
Line items
| Item | Total |
|---|---|
| Financial Close Stabilization & Improvement (See Attached) Period of Performance: April 20, 2026 - June 30, 2026, GASB standard Implementation (See Attached), and Managed Services (See Attached) as requested by the Budget Dept. | $300,000.00 |
| Financial Close Stabilization & Improvement (See Attached) Period of Performance: Through June 30, 2027, GASB standard Implementation (See Attached), and Managed Services (See Attached) as requested by the Budget Dept. | $1,000,000.00 |
Award details come from logi.cgieva.com. Updated .
Quick answers
Who was awarded contract PO05380018-V2?
Contract PO05380018-V2 was awarded to KPMG LLP by Norfolk State University in Virginia on September 30, 2026.
How much is contract PO05380018-V2 worth?
Its cumulative value is $1,300,000.
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