DINING SERVICES OPERATIONS

This contract establishes a ten‑year partnership between Radford University and Compass Group USA’s Chartwells division to operate all campus dining, retail, and catering services. The agreement covers operation of dining locations, a student‑meal‑plan program, a Saxbys experiential learning café (capped at $500,000 for construction), and a series of dedicated funds for sustainability, athletics, scholarships, and event support. Compensation is primarily commission‑based (26 % of gross sales) with a guaranteed minimum commission, plus numerous fixed annual payments and capital‑investment obligations. The contract also includes options for a five‑year renewal and detailed reporting requirements for SWaM utilization, sustainability initiatives, and financial performance. • Scope: Full‑service dining, retail, catering, meal‑plan administration, and special‑project café operation for the university. • Financials: $500,000 signing bonus (amortized), $5.5 M general capital investment, $7 M Dalton Hall renovation, $2 M swing‑space investment, plus annual funds (scholarships, sustainability, athletics, etc.) and 26 % sales commissions with a 95 % guaranteed minimum. • Duration & Renewal: 10‑year base term (2026‑2036) with one optional five‑year renewal (through 2041). • Reporting: Monthly commission statements, quarterly SWaM reports, annual accounting for multiple dedicated funds, and five‑year record retention for audits.