Declining Balance PO

Virginia Commonwealth University has awarded contract A236_P0359333 to NIOUS on October 6, 2026, for a declining balance purchase order valued at $300. The contract involves the delivery of one unit to VCU Procurement. The specific products or services associated with the declining balance purchase order mechanism are not detailed in the available documentation; however, this procurement structure typically allows for flexible utilization of funds across multiple transactions or deliveries over the contract period.

The award was issued by Virginia Commonwealth University, a state institution in Virginia. The contract amount of $300 and the declining balance purchase order structure suggest this is a small-value procurement. No specific period of performance or additional performance location details beyond VCU Procurement are provided in the contract documentation. NIOUS serves as the prime contractor responsible for fulfilling the obligations under this agreement.