Declining Balance PO

Virginia Commonwealth University awarded a contract to Roanoke Higher Education Center on August 4, 2026, with a cumulative contract value of $2,000.00. The contract involves a single line item procured under a declining balance purchase order structure. The deliverable consists of one unit priced at $2,000, with delivery designated to VCU Procurement. This procurement represents a straightforward purchase order transaction processed through Virginia Commonwealth University's contracting apparatus.

The contract award does not specify an explicit performance period beyond the award date of August 4, 2026. The declining balance purchase order mechanism indicates a draw-down arrangement whereby funds are consumed upon delivery and acceptance of the specified item. Roanoke Higher Education Center serves as the prime contractor, with the place of performance identified as VCU Procurement in Virginia. The relatively modest contract value and single-unit line item structure suggest this represents a routine procurement transaction executed through Virginia Commonwealth University's established vendor relationships.