Declining Balance PO Service requests repairs

Virginia Commonwealth University (VCU) awarded a contract to Southern Paving Corporation on August 6, 2026, for repair services valued at $50,000.00. The contract is structured as a declining balance purchase order mechanism through VCU Procurement, allowing for service requests to be fulfilled on an as-needed basis throughout the contract period. The specific scope encompasses pavement and surface repair work, with deliverables directed to VCU facilities.

The contract award represents a single line item procurement with a cumulative value of $50,000.00 and a unit price of $50,000 per service request. Performance is to be executed in Virginia for Virginia Commonwealth University. No specific performance period end date was provided in the available contract documentation; however, the declining balance structure indicates that services will be rendered incrementally as repair requests are issued by the contracting organization until the contract value is exhausted.