Declining Balance PO

Virginia Commonwealth University (VCU) has awarded a contract to Airgas USA LLC, effective August 3, 2026, with a cumulative value of $5,000.00. The contract involves the provision of a Declining Balance Purchase Order mechanism, which allows VCU Procurement to procure supplies and services on an as-needed basis up to the specified balance. The single line item is valued at $5,000.00 per unit, with delivery directed to VCU Procurement in Virginia.

The Declining Balance Purchase Order structure establishes a standing arrangement whereby VCU can draw down funds for products or services from Airgas USA LLC throughout the contract period. This procurement vehicle is commonly utilized by educational institutions to manage ongoing supply requirements efficiently while maintaining budget controls. The specific products or services to be delivered under this arrangement are not detailed in the available contract documentation; however, Airgas USA LLC's primary business operations typically involve the distribution of industrial, specialty, and medical gases and related equipment.