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Awarded contract·The Citadel·South Carolina

Snack & Hot Beverage Vending

Won by Coastal Vending & Food Services, Inc.$57kSingle Award
Contract source

Awarded vendors

  • Coastal Vending & Food Services, Inc.

Description

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.

Attached files

Key dates

Starts
4/1/2019
Ends
3/31/2021Renews
Duration
2 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Education
NAICS
722
Solicitation №
BID3157-JD-3/19/2019

Contract value

$57,000

The contract value is not explicitly stated, but it can be estimated based on the evaluated commission amount of 28.5% and the potential revenue generated from vending services on The Citadel's campus. Assuming an average annual revenue of $100,000 from vending services, the contract value would be approximately $28,500 per year, or $57,000 for the initial two-year contract period. With the optional extensions, the total contract value could be up to $171,000 over five years.

AI estimate from the award documents

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