Virginia Public Procurement Act; architectural and professional engineering term contracting.

Virginia Public Procurement Act; architectural and professional engineering term contracting; limitations. Provides that the sum of all projects performed in an architectural and professional engineering contract term shall not exceed $10 million, and the fee for any single project shall not exceed $2.5 million. The bill allows a contract for multiple architectural or professional engineering projects to be renewable for up to three additional terms at the option of the public body. Current law limits the sum of all projects performed in a one-year contract term to $750,000, with up to four additional one-year terms at the option of the public body, and limits the fee for any single project to $150,000, with specific exceptions to those limits, including a limit for total projects for rail projects of $5 million and for highway projects, $8 million. The bill also removes specific agency and locality exceptions to such current limits. The bill is identical to HB 429.