Declining Balance PO

Virginia Commonwealth University awarded a contract to The Sherwin-Williams Co on August 12, 2026, for a declining balance purchase order arrangement. The cumulative contract value is $5,795.95, with deliveries directed to VCU Procurement. The line item reflects a single purchase order unit priced at $5,795.95, indicating a finite transaction rather than an ongoing supply arrangement.

As a declining balance purchase order, this contract establishes a mechanism whereby The Sherwin-Williams Co will fulfill VCU's material requirements up to the stated cumulative value, with the available balance decreasing with each drawdown. No specific period of performance, annual value breakdown, or detailed product specifications are indicated in the contract documentation. The award location is Virginia, with VCU Procurement serving as the delivery and administrative point of contact for this transaction.