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Awarded contract·Francis Marion University·South Carolina

RFP-2462- Statement of Award- Attain Agent for Trademark and Licensing Program for Francis Marion University

Won by Collegiate Licensing Company, LLC$4MAwarded 2/12/2025Single Award
Contract source

Awarded vendors

  • Collegiate Licensing Company, LLC

Description

Francis Marion University awarded a five‑year contract to Collegiate Licensing Company, LLC to serve as the “Attain Agent” for the university’s trademark and licensing program. The vendor will manage all licensing activities, collect gross licensing revenues, and remit 62.5 % of that gross revenue to the university as commission. The agreement is revenue‑share based, with no fixed dollar ceiling, and work cannot commence until a purchase order is issued by the university. The award was made without competition because only one bid was received, and the university’s purchasing office retains liability only after the purchase order is issued. • Scope: full management of trademark and licensing program, revenue collection, and commission remittance. • Compensation: university receives 62.5 % of gross licensing revenue; vendor retains the remainder. • Term: February 12 2025 – February 11 2030 (5 years), sole‑source award. • No explicit contract value disclosed; financial exposure depends on licensing revenue generated.

Attached files

Key dates

Bids closed
1/30/2025
Intent to award
2/12/2025
Awarded
2/12/2025
Starts
2/12/2025
Ends
2/11/2030
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Consulting Services
NAICS
541618
Solicitation №
RFP‑2462

Contract value

$4,000,000

The statement of award does not disclose a fixed dollar amount because compensation is based on a 62.5 % share of gross licensing revenue. To estimate, we can look at typical university licensing programs. Mid‑size public universities often generate between $1 M and $5 M in gross licensing revenue annually. Assuming an average of $2 M per year, the university’s commission would be $1.25 M per year, leaving the vendor $0.75 M per year. Over the five‑year term, the vendor’s revenue would be roughly $3.75 M and the university’s total commission about $6.25 M. Therefore, a reasonable ballpark total contract value (sum of both parties’ shares) is approximately $10 M, with the vendor’s portion around $4 M. Given the wide possible revenue range, the estimate is presented as $4 M for the vendor’s share, acknowledging that actual values could be lower or higher depending on market demand for the university’s IP.

AI estimate from the award documents

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