Declining Balance PO

Virginia Commonwealth University awarded a contract to Huron Consulting Services LLC on August 3, 2026, with a cumulative contract value of $76,754.29. The contracting organization, VCU Procurement, is the delivery point for services under this award. The contract is structured as a single line item with a declining balance purchase order mechanism, suggesting a flexible delivery arrangement whereby services or products may be drawn down against the established contract ceiling.

The specific products or services to be delivered under this contract cannot be definitively determined from the documentation provided. However, the declining balance purchase order structure typically indicates that Huron Consulting Services LLC will provide professional consulting services or related deliverables on an as-needed basis, with expenditures charged against the $76,754.29 contract value until the balance is exhausted. The contract represents a commitment by Virginia Commonwealth University to engage Huron Consulting Services LLC for consulting support, with performance occurring at VCU's facilities in Virginia.