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 has awarded contract PO05455447-V3 to AT-SCAN Ltd dba Vertere effective August 31, 2026, for an inventory control system. The contract represents a five-year engagement with an initial cumulative value of $8,937.00. The primary deliverable consists of an annual licensing or subscription fee for the inventory control system, with performance commencing in December 2026. The contract was executed on August 18, 2026, and will be delivered to Beth Durrett at James Madison University.

The contract structure includes two distinct billing components: an annual system fee of $8,037.00 for Year 1 of the five-year term, and a prorated fee of $900.00 covering the three-month period from September through November 2026 prior to the December operational start date. This pricing structure establishes the baseline compensation for the initial contract year while accounting for the staggered implementation timeline. As a multi-year agreement, the total contract value over all five years will exceed the initial year amount, though specific annual escalations or pricing for subsequent years are not detailed in the available documentation.