52682 Downey Properties, LLC.

The Virginia Department of Transportation (VDOT) Indefinite Delivery Vehicle (IDV) CTR038561 is designed to provide comprehensive real estate and property management services across the Commonwealth of Virginia. This contract enables VDOT to efficiently procure professional services related to property acquisition, right-of-way management, real estate appraisals, and land asset evaluation for transportation infrastructure projects. The IDV allows for flexible, on-demand utilization of specialized real estate services to support critical transportation infrastructure development and expansion initiatives.

The master contract is awarded to Downey Properties LLC and will remain in effect from June 20, 2025, to June 29, 2026, covering the entire Commonwealth of Virginia. As a state-level indefinite delivery vehicle, this contract appears to be a unit-priced or task order-based agreement that enables VDOT to access professional real estate services on an as-needed basis. While specific contract value details are not provided, the IDV is structured to provide a streamlined procurement mechanism for targeted real estate and property management support across Virginia's transportation infrastructure projects.