Declining Balance PO

Virginia Commonwealth University awarded a contract to Commonwealth Event Company on September 21, 2026, for services valued at $4,558.94. The contracting organization, VCU Procurement, serves as the delivery point for this state and local contract award in Virginia. The single line item under this contract represents a declining balance purchase order arrangement with a unit price of $4,558.94.

The contract structure indicates a one-time purchase order with declining balance terms, though the specific products or services are not explicitly detailed in the available documentation. The modest contract value and procurement structure suggest this represents a smaller-scale engagement. Performance of work will occur at or through Virginia Commonwealth University's procurement office, with Commonwealth Event Company serving as the prime contractor responsible for fulfillment.