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Awarded contract·University of Montana Procurement Services·Montana

Full Service Vending Machine Provider

$294kSingle Award
Contract source

Description

The University of Montana is soliciting bids for a full-service vending machine provider to replace existing vending machines across the Missoula campus. The selected vendor will be responsible for placing, stocking, and maintaining the vending machines, as well as collecting proceeds from sales. The contract term is for one year, with the option for renewals up to seven years. The University requires the vendor to provide detailed data on sales and commission per vending machine each month, and to adapt to new technology as it becomes available. The bid will be awarded based on the best commission amount quoted, with a minimum commission of 12% for non-Umoney sales and 16% for Umoney sales. • The vendor must provide a list of products used to fill the vending machines and must be able to change the product mix to accommodate consumer requests. • The vendor must provide a telephone number on the machines for individuals to report problems or request refunds. • The vendor must remove or move vending machines at the request of the University. • The vendor must provide transition assistance if the contract is not renewed or is terminated. • The University reserves the right to terminate the contract at any time without cause and without incurring liability to the vendor.

Attached files

Key dates

Ends
6/30/2026Renews
Duration
1 year

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Food and Beverage Services
NAICS
454210
Solicitation №
UOM-IFB-2025-3309

Contract value

$294,000

The contract value is not explicitly stated, but it can be estimated based on the commission percentage and the estimated number of vending machines. Assuming an average annual sales per vending machine of $10,000 and 30 vending machines, the total annual sales would be $300,000. With a minimum commission of 12% for non-Umoney sales and 16% for Umoney sales, the annual commission paid to the University would be at least $36,000 (12% of $300,000) or $48,000 (16% of $300,000). The total contract value over the potential 7-year period could be estimated to be around $252,000 to $336,000, assuming the same sales and commission rates. However, this is a rough estimate and the actual contract value could be higher or lower, depending on various factors such as sales performance and commission rates.

AI estimate from the award documents

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