FY 27 Barnes Noble Chargebacks Declining Balan

Virginia Commonwealth University awarded a contract to Barnes & Noble Inc. on August 4, 2026, for a cumulative contract value of $975,000.00. The prime contractor will provide fiscal year 2027 bookstore chargeback services under a declining balance arrangement, with deliverables directed to VCU Procurement. The contract is executed in Virginia and reflects a single line item valued at $975,000.00 per unit.

This engagement represents a bookstore management and inventory service arrangement whereby Barnes & Noble Inc. will manage chargebacks against a declining balance fund for fiscal year 2027. The contract structure indicates a declining balance model, suggesting that funds will be depleted as services are rendered and purchases are made against the established account. No specific period of performance dates beyond the fiscal year reference are provided in the contract documentation.