Declining Balance PO

Virginia Commonwealth University awarded a contract to Medline Industries LP on August 4, 2026, with a cumulative contract value of $3,000.00. The contract involves a declining balance purchase order delivery mechanism structured as a single line item. Medline Industries LP, the prime contractor, will deliver products and services to VCU Procurement in Virginia under the terms of this agreement.

The contract represents a one-time transactional arrangement valued at $3,000.00 per unit, with delivery designated to Virginia Commonwealth University's Procurement office. While the specific products or services are not detailed in the available documentation beyond the declining balance purchase order designation, the structure suggests a supply or service provision arrangement typical of vendor agreements with academic medical center procurement operations. No specific period of performance dates beyond the award date of August 4, 2026, are provided in the source materials.