Declining Balance PO

Virginia Commonwealth University awarded a contract to Bonsai Fine Arts Inc. on August 3, 2026, under contract designation A236_P0344771. The contracting organization is located in Virginia, and the contract was established with a cumulative value of $940. The prime contractor will deliver services to VCU Procurement, the designated delivery point for this engagement.

The contract involves a single line item for a declining balance purchase order with a unit price of $940 for one unit. The statement of work does not provide explicit detail regarding the specific nature of the fine arts services or products to be delivered; however, the contractor classification and organization name suggest the deliverables are related to fine arts services or materials. The contract documentation does not specify a defined performance period beyond the award date of August 3, 2026, nor does it itemize separate annual or contract value fields distinct from the cumulative value identified.