Declining Balance PO

Virginia Commonwealth University awarded a contract to Barnes & Noble Education Inc. on June 16, 2026, with a cumulative contract value of $26,783.34. The contracting organization, VCU Procurement, is the delivery point for this agreement. The contract encompasses a single line item classified as a Declining Balance Purchase Order, valued at $26,783.34 per unit.

The contract deliverables involve point-of-sale services rendered through a declining balance purchase order mechanism, which typically allows the contractor to provide goods or services on an as-needed basis against a predetermined financial ceiling. Performance is to be executed at Virginia Commonwealth University's procurement office in Richmond, Virginia. This contractual arrangement represents a transactional engagement between the educational institution and the bookseller, with the declining balance structure providing operational flexibility for VCU's procurement needs throughout the contract period.