Declining Balance PO

Virginia Commonwealth University (VCU) awarded a contract to Eurofins Genomics LLC on August 3, 2026, with a cumulative contract value of $5,000.00. The contract involves a declining balance purchase order mechanism with delivery to VCU Procurement in Virginia. The line item specifies a single unit valued at $5,000.00, though the specific technical specifications and detailed service descriptions are not delineated in the available contract documentation.

The contract represents a procurement by a Virginia higher education institution for services or products to be delivered to VCU's procurement department. While the precise nature of the goods or services cannot be definitively determined from the materials provided, the engagement of Eurofins Genomics LLC—a genomics and life sciences firm—suggests the procurement relates to genomic analysis, laboratory services, or related scientific capabilities. The declining balance purchase order structure indicates this is a task order or blanket purchase agreement mechanism rather than a fixed-scope, single-delivery contract, allowing for flexible utilization of the awarded amount within the established terms.