Declining Balance PO

Virginia Commonwealth University awarded a contract to Sage Training and Consulting on August 4, 2026, with a cumulative value of $56,434.00. The contracting organization, based in Virginia, procured services through this agreement, with delivery directed to VCU Procurement. The contract structure utilizes a declining balance purchase order mechanism, indicating a flexible funding arrangement where the contractor draws against the established budget as services are rendered.

The contract encompasses a single line item valued at $56,434.00, structured as a declining balance purchase order. While the specific scope of training and consulting services is not detailed in the contract documentation provided, the contractor's business classification as a training and consulting firm suggests the deliverables involve professional advisory or educational services to support VCU's operational or developmental objectives. The contract does not specify a defined performance period beyond the award date, which is consistent with purchase order instruments that may operate on an as-needed basis within the fiscal constraints of the allocated budget.