Declining Balance PO

Virginia Commonwealth University awarded a contract to Airgas USA LLC on August 3, 2026, for a declining balance purchase order arrangement. The contract carries a cumulative value of $7,500.00 and is structured as a single line item purchase order with a unit price of $7,500.00. The delivery point for this contract is designated to VCU Procurement, indicating performance within Virginia.

Airgas USA LLC will serve as the prime contractor under this arrangement, which establishes a declining balance purchase order mechanism—a procurement instrument commonly utilized by universities for vendor management and controlled inventory expenditures. While the specific products or services are not explicitly detailed in the available contract documentation, the declining balance structure suggests an ongoing supply relationship with defined spending parameters. The contract was awarded by Virginia Commonwealth University's procurement function and represents a relatively modest engagement valued at $7,500.00.