Declining Balance PO

Virginia Commonwealth University (VCU) awarded a contract to Sigma-Aldrich Inc. on August 3, 2026, for the provision of goods or services under a declining balance purchase order (PO) arrangement. The contract, identified as A236_P0344060, is valued at $5,000.00 and represents a single line item delivery to VCU Procurement. Sigma-Aldrich Inc. serves as the prime contractor for this Virginia-based award.

The scope of work encompasses one unit under a declining balance PO structure, which allows for the drawdown of funds against an established balance as goods or services are delivered or utilized. The cumulative contract value of $5,000.00 reflects the total authorization for this procurement action. While the specific products or detailed services are not itemized in the award documentation, the declining balance mechanism is commonly utilized for supply arrangements or on-demand service provisions where exact quantities or timing cannot be predetermined at the time of contract execution.