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Awarded contract·St.Johns River State College·Florida

Snack and Beverage Vending Services

Won by Compass Group / Canteen$250kAwarded 10/10/2023Single Award
Contract source

Awarded vendors

  • Compass Group / Canteen

Description

St. Johns River State College awarded a contract for campus‑wide snack and beverage vending services to Compass Group’s Canteen operation. The vendor will install, operate, maintain, and restock vending machines at three college campuses, provide a minimum 50 % healthy‑snack mix, accept cash and electronic payments, and remit a commission on gross sales to the college. The agreement is for an initial two‑year term with two optional two‑year extensions, includes service‑call response times of ≤ 4 hours and on‑site repair ≤ 48 hours, and requires monthly sales reporting and prompt refund handling. • Scope: supply, install, operate, and maintain vending machines, stock name‑brand items, meet ADA and health‑code standards. • Financial: commission percentage of gross receipts; FY‑2022 sales were $107 k gross, $21.5 k commission paid. • Timeline: RFP issued Sep 1 2023, bids closed Sep 29 2023, award issued Oct 10 2023; contract expected to start mid‑Dec 2023.

Attached files

Key dates

Bids closed
9/29/2023
Intent to award
10/10/2023
Awarded
10/10/2023
Starts
12/15/2023
Ends
12/15/2025Renews
Duration
2 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Food and Beverage Services
NAICS
722410
Solicitation №
RFP-SJR-07-2023

Contract value

$250,000

FY‑2022 gross vending sales at the three campuses totaled about $107 k, with the college receiving $21.5 k in commission (≈ 20 % of sales). Assuming the vendor retains roughly 80 % of sales, the vendor’s revenue would be about $85 k per year. Adding equipment depreciation, service labor, and inventory costs typically raises the total contract value to roughly $120–$130 k per year. Over the initial two‑year term this suggests a contract value in the range of $240 k–$260 k. Considering optional renewals and a modest contingency, a conservative ball‑park estimate is about $250 k.

AI estimate from the award documents

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