Description
Texas Tech University is seeking a proposal for the operation of a bookstore, course material, and merchandise operations. The successful proposer will provide innovative solutions for an operational campus store that serves the TTU community by leasing space in the TTU Student Union Building and supplying materials such as textbooks, course materials, promotional merchandise, sundry items, and graduation regalia. The proposer will be responsible for maintaining competitive pricing, providing a price match program, and instituting a buyback program for used books. The proposer will also be required to comply with applicable laws and regulations, including the Texas Education Code and the TTU's operating policies and procedures.
Some key points to consider are:
• The current bookstore is operated by Follett and has been in operation since August 2021.
• The average revenue for the print shop is approximately $150,000 per year, with average operating expenses of $70,000 per year.
• TTU envisions a facility that serves as a gathering space on campus for collaboration and is outfitted with current technological functionality.
• The primary need is for textbooks and course materials, and the preferred solution will be able to integrate into TTU’s learning management system.
• TTU encourages creative, effective variations to the traditional university bookstore and merchandise model.