CT HX Declining Balance PO

Virginia Commonwealth University (VCU) awarded a contract to CT/HX LLC on August 12, 2026, for services valued at $163,839.75. The contract involves the delivery of a Declining Balance Purchase Order (PO) mechanism to VCU Procurement. This arrangement establishes a framework whereby CT/HX LLC will provide goods or services on a declining balance basis, with the cumulative contract value capped at $163,839.75. The line item is specified as a single unit purchase order delivery to VCU Procurement in Virginia.

The contract was executed by Virginia Commonwealth University as the contracting organization and will be performed in Virginia. CT/HX LLC, the prime contractor, is responsible for fulfilling the terms of the declining balance purchase order arrangement. The specific goods or services to be provided under this mechanism are not detailed in the available documentation; however, the declining balance structure indicates that CT/HX LLC will draw upon the total contract amount as services are rendered or products are delivered over the contract period.