Declining Balance PO FY27

Virginia Commonwealth University awarded a contract to Trane U.S. Inc. on August 3, 2026, with a cumulative value of $50,000.00. The contracting organization is located in Virginia, and the contract is structured as a declining balance purchase order for fiscal year 2027. Delivery is designated to VCU Procurement, indicating the goods or services will be provided directly to the university's procurement department.

The contract line item specifies a single unit purchase at a unit price of $50,000.00. While the specific nature of the products or services to be delivered by Trane U.S. Inc. is not explicitly detailed in the available documentation, Trane's industry expertise in heating, ventilation, air conditioning, and refrigeration systems suggests the deliverable likely relates to equipment, maintenance, or related services within that domain. The declining balance structure indicates the contract operates on a consumption-based model for fiscal year 2027, with funds available until depleted.