Declining Balance PO

Virginia Commonwealth University (VCU) awarded a contract to FARRELL on June 29, 2026, with a cumulative value of $9,750.00. The contract involves the delivery of a declining balance purchase order to VCU Procurement. The line item specification indicates a single unit purchase at a unit price of $9,750.00. The contract was executed in Virginia and performance is directed to VCU Procurement.

The scope of work centers on a declining balance purchase order mechanism, which typically provides the contractor with authorization to deliver goods or services on an as-needed basis against a pre-established funding cap. While the specific products or services are not explicitly detailed in the available documentation, the declining balance structure suggests an indefinite delivery arrangement where FARRELL will fulfill requests from VCU Procurement up to the cumulative contract limit of $9,750.00. No specific period of performance dates are provided in the award notice.