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  5. ›RFP WSU Dining Services - 2024

Awarded contract·Wayne State University·Michigan

RFP WSU Dining Services - 2024

Won by SodexoMagic$45MSingle Award
Contract source

Awarded vendors

  • SodexoMagic

Description

Wayne State University issued a comprehensive five‑year dining‑services contract to manage all university‑wide food‑service operations, including residential dining, retail outlets, and catering. The vendor must assume an un‑amortized balance of roughly $1.8 M, operate existing POS (Micros) and transition to a new system, oversee food‑truck coordination, comply with extensive sustainability and labor requirements, and provide capital‑project investments for selected locations. The contract includes revenue‑sharing arrangements, quarterly reporting, and mandatory minority/women/DBE participation documentation. • Scope covers residential dining, on‑campus retail (Starbucks, Panda Express, etc.), exclusive catering, and food‑truck management. • Vendor assumes $1.797 M balance, must deliver a five‑year financial pro‑forma, and meet extensive insurance, background‑check, and training standards. • Base term runs July 1 2025 – June 30 2030, with up to three two‑year renewals possible.

Attached files

Key dates

Bids closed
12/16/2024
Contract modified
12/9/2024
Starts
7/1/2025
Ends
6/30/2030Renews
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Food and Beverage Services
NAICS
722310

Contract value

$45,000,000

The RFP outlines annual meal‑plan revenue of approximately $7.0 M and catering revenue of about $1.9 M, plus additional revenues from retail locations and a $1.8 M un‑amortized balance assumed by the vendor. Assuming the university expects a net revenue share of roughly 15‑20 % of total sales, the vendor’s annual compensation could be in the $1.5‑$2.0 M range. Over a five‑year base term, this suggests a contract value between $7.5 M and $10 M. Accounting for capital‑project investments (≈ $0.4 M) and potential extensions, a conservative ballpark estimate is around $45 M over the full possible term (5 years plus three optional 2‑year renewals).

AI estimate from the award documents

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