Declining Balance PO Siemens Skilled Trades

Siemens Industry Inc has been awarded a contract by Virginia Commonwealth University (VCU) effective August 12, 2026. The contract, designated A236_P0260789-V5, is structured as a declining balance purchase order for skilled trades services with a cumulative value of $354,468.20. The contracting organization is VCU Procurement, located in Virginia, which serves as the delivery point for the services rendered under this agreement.

The line item deliverable encompasses skilled trades support through a declining balance mechanism, allowing VCU to utilize funds on an as-needed basis for maintenance, repair, or installation services provided by Siemens Industry Inc. The contract value of $354,468.20 represents the total authorization available for the performance period, with pricing established at $354,468.20 per unit. This arrangement provides Virginia Commonwealth University with flexible access to Siemens' skilled trades capabilities while maintaining budgetary control through the declining balance structure inherent to the purchase order framework.