McGuire Woods Declining Balance PO

Virginia Commonwealth University (VCU) awarded a contract to McGuireWoods LLP on August 6, 2026, with a cumulative value of $100,000.00. The contract is structured as a declining balance purchase order (PO) arrangement, with deliverables directed to VCU Procurement. McGuireWoods LLP serves as the prime contractor under this agreement executed by the Commonwealth of Virginia.

The contract line item specifies a single declining balance PO valued at $100,000.00. This arrangement provides VCU with access to services on an as-needed basis, with funds drawn down against the total authorized amount. While specific performance periods and detailed service descriptions are not provided in the contract documentation, the declining balance structure indicates an indefinite delivery mechanism typical of professional services or consulting engagements. The contracting vehicle allows VCU to utilize McGuireWoods LLP's services within the established cumulative cap through the term of the agreement.