Declining Balance PO Summer Painting

Tech Painting Company Inc was awarded a contract by Virginia Commonwealth University (VCU) for painting services on August 12, 2026, with a cumulative contract value of $308,090.50. The contract is structured as a declining balance purchase order for summer painting work, with delivery designated to VCU Procurement. The line item specifies a unit price of $308,090.50 for the full scope of services.

The primary service deliverable under this contract consists of summer painting work to be performed for Virginia Commonwealth University facilities. While the specific location of performance is not explicitly detailed in the contract documentation, the delivery point to VCU Procurement indicates that work will be conducted at or near VCU's Virginia-based campus operations. The contract structure as a declining balance purchase order suggests an arrangement whereby funds are drawn down as services are rendered throughout the specified performance period.