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  5. ›GCSU Snack and Beverage Vending

Awarded contract·Georgia College & State University·Georgia

GCSU Snack and Beverage Vending

$1MSingle Award
Contract source

Description

The Georgia College & State University is seeking proposals from reputable offerors to operate and provide snack and beverage vending services for the campus. The contract will have an initial term of one year, with the option to renew for up to four additional years. The university is looking for a vendor that can provide a reasonable financial return, and the contract will require the vendor to provide evidence of financial stability and ability to adequately finance the operations. The vendor will also be responsible for providing and maintaining the vending equipment, as well as providing customer support and refunds as needed. Some key points to consider include: • The contract will have a term of up to five years, with an initial term of one year and four optional one-year renewals. • The vendor will be required to provide a reasonable financial return to the university. • The vendor will be responsible for providing and maintaining the vending equipment, including installing, removing, and relocating machines as needed. • The vendor will be required to provide customer support and refunds as needed. • The university will have the right to approve or deny any proposed products or pricing. • The vendor will be required to comply with all applicable laws and regulations, including those related to sales tax and licensing.

Attached files

Key dates

Starts
7/1/2023
Ends
6/30/2024Renews
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Food and Beverage Services
NAICS
454210
Solicitation №
53600-eRFP-000000484-2023

Contract value

$1,000,000

The value of this contract is not explicitly stated in the provided text. However, based on the requirements and the scope of work, it can be estimated that the contract value will be in the range of $100,000 to $500,000 per year, depending on the number of vending machines and the revenue generated. The total contract value for the five-year term could be in the range of $500,000 to $2,500,000.

AI estimate from the award documents

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