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South Carolina Materials Mgmt Ofc·South Carolina

DINING SERVICES

Closes 10/29/2026$50M – $100MRequest for Proposal
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Description

The State of South Carolina, through its State Fiscal Accountability Authority, is issuing a competitive RFP for comprehensive dining, concession, and premium‑hospitality services at Clemson University. The solicitation is divided into three independent lots: (1) Student dining halls, retail locations, and meal‑plan administration; (2) Athletics concessions, game‑day food service, and team‑meal operations; and (3) Premium suites and VIP hospitality. Offerors may bid on any single lot, any combination, or all three, and each lot will be evaluated separately. The contract features a ten‑year initial term with up to five one‑year extensions, a minimum management fee of $800 k and a ceiling of 6 % of gross receipts plus a 2 % performance incentive, and mandatory revenue‑share and sustainability requirements. • Three distinct lots covering student dining, athletics concessions, and premium hospitality, each evaluated independently. • Mandatory vendor registration in South Carolina, online submission preferred, and a 120‑day offer‑hold period after opening. • Contract term: 10‑year base (07/01/2027‑06/30/2037) with optional five‑year extensions; extensive reporting and KPI requirements. • Financial structure includes a 6 % management‑fee cap, 2 % performance bonus, 15 % retail commission to the university, and annual investment obligations. • Pre‑proposal conference 09/22/2026 (non‑mandatory) and site‑visit 10/03/2026; questions due 09/23/2026.

Attached files

Contact

Brittany Greenway(Procurement Officer)

[email protected]

(864) 577-7504

Key dates

Opened
9/4/2026
Questions due
9/23/2026
Pre-bid meeting
9/22/2026
Site visit
10/3/2026
Closes
10/29/2026
Projected award
1/6/2027
Duration
10 years

Last updated

Details

Type
Request for Proposal
Industry
Food and Beverage Services
NAICS
722310
Solicitation №
5400029979

Budget estimate

$50,000,000 – $100,000,000

The contract’s financial model projects contractor‑level revenue of roughly $57 M‑$70 M per year over a 15‑year horizon, yielding total gross receipts of about $950 M. The contractor’s allowable management fee (up to 8 % of gross receipts) translates to approximately $70‑$80 M over the contract life. Accounting for revenue‑share payments and mandatory investments, the net earnings for the winning firm are likely to fall between $50 M and $100 M for the ten‑year base term, with additional upside from extensions and performance incentives.

AI estimate from the solicitation

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