Student Laundry Services

This contract awards CSC ServiceWorks, Inc. the exclusive right to supply, install, operate, and maintain student laundry equipment at Radford University for a ten‑year term, with a five‑year renewal option. The vendor provides brand‑new Speed Queen washers and dryers, a cloud‑based monitoring platform, and full‑service support (emergency, preventive maintenance, and vent cleaning). Revenue is generated through per‑cycle vending prices ($1.75 wash, $1.50 dry) with a 60 % commission paid to the university, plus a $3,000 annual scholarship contribution and a $1,100 yearly carbon‑offset payment. Key points: • 10‑year exclusive service agreement (potential 15‑year total with renewal) • Commission‑based pricing (60 % of gross vending revenue) plus fixed scholarship support • Comprehensive equipment lifecycle management, including installation, operation, maintenance, and reporting • Mandatory compliance with PCI‑DSS, insurance, and Virginia Prompt Pay Act requirements.