Jun. 2 at 11:39 AM
$INLX Intellinetics awarded five-year contract for up to
$40M in TCV
ntellinetics announces that it has been awarded a five-year contract with a long-term customer for document scanning and micrographic conversions services worth up to an estimated aggregate
$40 million in Total Contract Value, TCV. The revenue will be recognized as work is completed on projects spanning the contract period, which runs from June 1, 2025 through May 31, 2030 plus an optional five more extension years. The contract, the largest in the company's history, was awarded following a competitive evaluation process.
Specific standards and procedures for quality assurance, security, key personnel, and depth and breadth of service were assessed and scored to determine the vendor of choice. The
$40 million TCV is based upon the customer's procurement budget, but subject to customer reduction or termination in its sole discretion during the contract period.
