Description
The University of Arkansas at Monticello is seeking a single qualified contractor to operate its campus bookstore on a fixed‑price, single‑award basis. The contractor will be responsible for all aspects of bookstore management—including staffing, inventory acquisition, POS integration with Workday, facility upkeep, marketing, and compliance with university and state regulations—and may optionally extend services to two satellite campuses. The contract is initially for one year with the possibility of up to six one‑year renewals, and the vendor must propose a royalty or commission structure tied to projected $875 k annual sales.
• Full‑service retail operation (textbooks, digital, soft goods, memorabilia) for the main campus (optional satellite sites).
• Minimum staffing of three employees, including a university‑approved manager, and ownership of all fixtures, equipment, and inventory.
• Required integration of a compatible POS system with UAM’s Workday financial‑aid platform and submission of regular financial reports.
• Contractor must purchase existing inventory from current vendor (Follett) and may propose interior‑design renovations subject to approval.
• Payment model based on a guaranteed royalty plus commission; contract start July 1 2026, with monthly or quarterly invoicing.