The Citadel is seeking a vendor to provide snack and hot beverage vending services for their campus. The initial contract period is two years, with three optional one-year extensions. The vendor will be required to provide a percentage of total sales to The Citadel, which was evaluated at 28.5% in the case of the awarded vendor, Coastal Vending & Food Services, Inc. The contract includes details on the scope of work, contract period, and evaluation criteria. Key aspects of the contract include:
• Initial contract period: 2 years
• Optional extensions: 3 one-year extensions
• Evaluated commission amount: 28.5%
• Contract start date: April 1, 2019
• Contract end date: March 31, 2021
This contract is relevant to vendors who provide vending services, particularly those with experience in providing snack and hot beverage vending services to educational institutions.