Balance Due Equipment rental for New Student Convocation to be held on Kaufman Mall. Equipment to be…

Special Events Entertainment Inc. was awarded a contract by Old Dominion University in Virginia on August 24, 2026, for equipment rental services related to a New Student Convocation event originally scheduled for Kaufman Mall. The contract, identified as PO05393239-V2, involved the provision of equipment as specified in SET/SEVA Reservation Contract #60750. The initial contract structure included a 40% prepayment deposit of $13,815.06, with the balance due upon completion of services.

Due to weather-related venue changes, the event was subsequently canceled, triggering a contract modification. Under the revised terms, Old Dominion University is obligated to pay 50% of the original service cost, with setup and labor fees removed from the scope. The modified contract total is $23,498.86. The previously submitted deposit of $13,815.06 satisfies the university's 50% obligation, resulting in a credit of $1,023.20 owed by Special Events Entertainment Inc. to Old Dominion University. The contractor has agreed to apply this credit toward an existing contract (PO05430831) scheduled for August 27, 2026. The cumulative value of the contract award is $13,815.06, representing the prepayment made to Katie Winstead Reichner as the delivery contact.