Declining Balance PO

Virginia Commonwealth University (VCU) awarded a contract to Illumina Inc. on August 12, 2026, for a Declining Balance Purchase Order arrangement. The contract, identified as A236_P0235148-V3, is valued at $301,827.72. The procurement is being delivered to VCU Procurement, with the contracting organization located in Virginia. This single line item contract represents a purchase order mechanism structured to allow incremental utilization of the total contract value.

The contract award does not specify a defined period of performance, annual value breakdown, or detailed product and service descriptions beyond the designation of a declining balance purchase order. Based on the contract structure and value, this arrangement provides VCU with a mechanism to procure goods or services from Illumina Inc. with a total authorized spend of approximately $302K. The specific products, services, or research applications to be supplied under this purchase order cannot be determined from the materials provided.