Virginia Polytechnic Institute And State University Awards Financial Services Contract to Virginia College Building Authority (August 2022)

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $31.35 million

Contract type

FINANCIAL_SERVICES

Contract term

Promissory note with weighted average maturity not to exceed 20 years; final maturity within project economic life

Renewal

Single loan and promissory note under VCBA’s pooled bond program; future refunding of pooled bonds may require amendments but within authorized parameters.

Document type

Resolution

Source document

Virginia Tech Finance Committee 9(c) and 9(d) Debt Financing Resolution August 2022

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Virginia Polytechnic Institute And State University, VirginiaNot to exceed $12 millionAug 23, 2022

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Virginia Polytechnic Institute And State University?

Virginia College Building Authority was awarded this financial services contract by Virginia Polytechnic Institute And State University, as recorded on August 23, 2022. The contract value is Not to exceed $31.35 million.

How much is the Virginia College Building Authority contract with Virginia Polytechnic Institute And State University worth?

The Virginia College Building Authority contract with Virginia Polytechnic Institute And State University is valued at Not to exceed $31.35 million, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Virginia Tech Finance Committee 9(c) and 9(d) Debt Financing Resolution August 2022 (Resolution), dated August 23, 2022 from Virginia Polytechnic Institute And State University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Virginia College Building Authority hold?

Virginia College Building Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Virginia College Building Authority's profile

What is Virginia Polytechnic Institute And State University currently buying?

Explore Virginia Polytechnic Institute And State University's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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