Annual fee for inventory control system. Year 1 of 5, contract signed 8/18/26. Contract begins… and 1 more item

James Madison University in Virginia awarded contract PO05455447-V2 to AT-SCAN Ltd dba Vertere on August 31, 2026. The contract encompasses an inventory control system service with a cumulative value of $8,937.00. The primary deliverable consists of an annual licensing or subscription fee for the inventory control system, with the contract structured as a five-year agreement signed on August 18, 2026. The system implementation begins in December 2026, with services to be delivered to Beth Durrett at the contracting organization.

The contract includes two distinct line items: the Year 1 annual fee of $8,037.00 for the inventory control system, and a prorated fee of $900.00 covering the three-month period from September through November 2026. The prorated charge appears designed to bridge the gap between contract execution in August 2026 and the formal system commencement in December 2026. The total contract value of $8,937.00 represents the cumulative obligation for these initial services, establishing the baseline for what is anticipated to be a multi-year engagement with AT-SCAN Ltd dba Vertere for inventory management system services.