Declining Balance PO

Virginia Commonwealth University (VCU) has awarded contract A236_P0352649 to TERRA FORMA LANDSCAPING, effective September 8, 2026. The contract, valued at $24,252.20, encompasses a single line item for declining balance purchase order delivery services to VCU Procurement. This arrangement establishes a purchase order mechanism with a pre-established cumulative funding ceiling, enabling VCU to procure goods or services on an as-needed basis up to the contract maximum.

The contract deliverables are to be directed to VCU Procurement in Virginia. As the prime contractor, TERRA FORMA LANDSCAPING will fulfill requirements under this declining balance purchase order structure, with the unit price established at $24,252.20 for the singular line item. The contract documents do not specify an explicit period of performance or detailed scope of services beyond the purchase order characterization, though the declining balance structure indicates this is a consumption-based agreement with defined funding limitations.