Declining Balance PO

Virginia Commonwealth University awarded a contract to Airgas USA LLC on August 12, 2026, for a Declining Balance Purchase Order arrangement valued at $4,150.51. The contracting organization, Virginia Commonwealth University, procured this supply agreement within the Commonwealth of Virginia. The single line item establishes a unit price of $4,150.51 for delivery of materials or services to VCU Procurement.

The contract structure employs a declining balance purchase order mechanism, which allows VCU to draw down against the established contract value as goods or services are delivered and consumed. This procurement vehicle is commonly utilized for supplies or services where the exact timing and quantity of future needs may vary, but the total expenditure ceiling is predetermined at $4,150.51. The award represents a vendor-specific arrangement between Virginia Commonwealth University and Airgas USA LLC for the provision of products or services on an as-needed basis through the established purchase order framework.