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  5. ›Latin Honors Stoles

Awarded contract·Department of University Procurement at Eastern Kentucky University·Kentucky

Latin Honors Stoles

Won by Jostens Inc$88kSingle Award
Contract source

Awarded vendors

  • Jostens Inc

Description

The Department of University Procurement at Eastern Kentucky University is seeking to establish a price contract for Latin Honors Stoles. The contract is for the provision of maroon and white satin stoles to be handed out to graduating students who are awarded with Latin Honors. The University estimates ordering 600 stoles for Spring Commencement and 400 stoles for Fall Commencement each year. The contract has an initial term from the award date through 7/31/2022, with the option to renew for four additional one-year periods. The University desires pricing to be firm throughout the life of the contract, including renewal years. • The contract is for the provision of Latin Honors Stoles • The University estimates ordering 600 stoles for Spring Commencement and 400 stoles for Fall Commencement each year • The contract has an initial term from the award date through 7/31/2022, with the option to renew for four additional one-year periods • The University desires pricing to be firm throughout the life of the contract, including renewal years

Attached files

Key dates

Starts
7/31/2022
Ends
7/31/2022Renews
Duration
1 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Education
NAICS
314999
Solicitation №
ITB-141-2022

Contract value

$87,500

The contract value can be estimated based on the number of stoles ordered per year and the price per stole. The University estimates ordering 600 stoles for Spring Commencement and 400 stoles for Fall Commencement each year, for a total of 1000 stoles per year. The price per stole is $17.50. Therefore, the total contract value per year would be 1000 stoles * $17.50 per stole = $17,500 per year. Since the contract has an initial term of one year with the option to renew for four additional one-year periods, the total contract value would be $17,500 per year * 5 years = $87,500.

AI estimate from the award documents

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