Declining Balance PO IPDS Yearly

Virginia Commonwealth University awarded a contract to IP DataSystems Inc. on September 21, 2026, for a declining balance purchase order arrangement. The contract, designated A236_P0356558, carries a cumulative value of $88,839.00 and is structured as a single line item with a unit price of $88,839.00 per order. Performance and delivery are directed to VCU Procurement, located in Virginia.

The contract represents a declining balance purchase order mechanism with IP DataSystems Inc. serving as the prime contractor. This arrangement provides Virginia Commonwealth University with access to services or products on a draw-down basis, with the vendor fulfilling requirements as requested throughout the contract period. The specific nature of deliverables under this declining balance structure suggests an ongoing service or supply relationship whereby VCU may issue task orders or purchase requests against the established contract ceiling until the cumulative value is exhausted.