Declining Balance PO

Virginia Commonwealth University (VCU) awarded a contract to Illumina Inc. on August 3, 2026, with a cumulative value of $250,000.00. The contract involves the delivery of a declining balance purchase order to VCU Procurement. While the specific technical details of the products or services are not explicitly enumerated in the award documentation, Illumina Inc., a recognized life sciences and genomic sequencing company, is the prime contractor responsible for fulfilling the terms of this purchase order arrangement.

The contract will be performed in Virginia under the procurement jurisdiction of VCU. The single line item is valued at $250,000.00 and is structured as a declining balance purchase order mechanism, which allows VCU to draw down against the contract value as goods or services are delivered and accepted. No specific period of performance dates are provided in the award documentation, nor are annual value breakdowns or detailed performance locations specified beyond the VCU Procurement designation as the delivery point.