CoStar Realty License Agreement

The Virginia Indefinite Delivery Vehicle (IDV) CTR039084 provides a comprehensive contract mechanism for procuring real estate and property information services through CoStar Realty Information. This IDV is designed to enable governmental entities and authorized users to access detailed commercial real estate data, market analytics, property research, and comprehensive realty information resources. The contract supports efficient procurement of critical real estate intelligence and related services that can be utilized for strategic planning, asset management, and market evaluation purposes.

The master contract is awarded by the City of Fairfax and encompasses a ten-year performance period from April 30, 2025, to April 30, 2035, with CoStar Realty Information serving as the prime contractor. The IDV is specifically scoped for use within the Commonwealth of Virginia, providing state and local agencies with a streamlined procurement vehicle for accessing specialized real estate information and research services. While specific total contract value was not provided, the long-term contract duration suggests a significant commitment to providing consistent and reliable real estate data solutions for Virginia governmental organizations.