Declining Balance Verizon 2647

Virginia Commonwealth University (VCU) has awarded a contract to Verizon Business Network Services Inc., effective August 3, 2026. The contracting organization, VCU Procurement, is the designated delivery point for services under this agreement. The prime contractor, Verizon Business Network Services Inc., will provide declining balance services related to Verizon account 2647. The total cumulative contract value is $2,500.00, representing a single line item award with a unit price of $2,500.00 per each.

The contract, identified as A236_P0344605, is executed within the Commonwealth of Virginia. The declining balance arrangement with Verizon suggests a prepaid or account-based service model whereby VCU may utilize communications or network services up to the specified contract amount. While specific performance period dates are not provided in the award documentation, the August 3, 2026 award date establishes the contract commencement. The limited contract value and structure indicate this award represents a relatively modest procurement, likely supporting ongoing telecommunications or network service requirements for the university's operational needs.