Declining Balance PO

Virginia Commonwealth University, a contracting organization in Virginia, awarded a contract valued at $36,000.00 to prime contractor col323 on August 27, 2026. The contract encompasses a single line item for a Declining Balance Purchase Order to be delivered to VCU Procurement. The specified quantity is one unit at a unit price of $36,000.00.

The contract represents a Declining Balance Purchase Order mechanism, a procurement instrument that allows for the drawdown of funds as services or products are delivered against the established contract ceiling. Delivery is designated to VCU Procurement, indicating the administrative location for contract administration and receipt of deliverables. While specific details regarding the period of performance and precise nature of products or services are not explicitly documented in the available contract information, the Declining Balance structure suggests an ongoing or periodic fulfillment arrangement rather than a single discrete delivery event.