Professional Fee for candidate search - EVP for Administration & COO and 2 more items

Old Dominion University (contracting organization) awarded contract PO05458505 to Korn Ferry US on September 2, 2026, for executive recruitment services related to the search for an Executive Vice President for Administration and Chief Operating Officer position. The contract, valued at $123,000.00, includes professional search fees, administrative fees calculated at 10 percent of the professional fee component, and reimbursable expenses incurred during the candidate search process. The contract is performance-based and executed within the Commonwealth of Virginia.

Korn Ferry US will deliver comprehensive executive search and recruitment services including candidate identification, vetting, and placement support. The service delivery encompasses three distinct cost components: professional fees totaling $110,000.00, administrative fees of $11,000.00, and authorized search-related expenses of $2,000.00. This engagement represents a specialized professional services contract typical of higher education institution executive recruitment activities, with performance expected to be completed within the designated contract period from the award date.