Contract Renewal No. 2 Contract Modification 7

The Virginia Department of Taxation's Agency Optional Contract CTR000482 is a specialized indefinite delivery vehicle focused on bankruptcy and accounts administration services. The IDV provides for two primary service lines: a monthly administrative fee for bankruptcy and accounts management, and targeted legal services for bankruptcy court representation. The contract enables the procurement of experienced local bankruptcy attorneys to manage legal appearances, hearings, and motions within the Eastern and Western District Courts of Virginia.

The master IDV is held by Harris & Harris Ltd, a prime contractor selected by the Virginia Department of Taxation. The contract is structured as an Agency Optional Contract with a one-year performance period from March 15, 2025, to March 14, 2026. While specific geographic coverage is limited to Virginia, the contract allows for specialized legal services within the state's federal bankruptcy court districts. The IDV is designed to provide flexible, on-demand access to professional bankruptcy administration and legal representation services.

Under this IDV, a single award has been made to Harris & Harris Ltd with a cumulative contract value of $475,052.00. The award includes two distinct line items: a monthly bankruptcy and accounts administration service priced at $38,921 per month for 12 months, and a legal service line offering bankruptcy attorney representation at a fixed rate of $500 per hour for 16 allocated hours. A key contractual provision prohibits any markup on the pass-through billable attorney rate, ensuring cost transparency and direct billing for legal services. The contract also includes provisions for potential future reassessment of the preferred attorney list based on initial service performance.