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Awarded contract·Citadel Military College of South Carolina·South Carolina

Snack Vending Services

Won by Coastal Vending & Food Services, Inc.$61kAwarded 1/1/2024Single Award
Contract source

Awarded vendors

  • Coastal Vending & Food Services, Inc.

Description

The Citadel awarded a five‑year exclusive snack‑vending services contract to provide, install, stock, maintain, and collect revenue from automated vending machines across its main campus. The contractor owns the machines, supplies nationally‑brand snacks, processes card payments, and submits monthly sales/commission reports. Payment is commission‑based, at 30 % of net sales, with strict service response times and maintenance schedules. The contract includes a one‑year base period with four renewable one‑year options, and requires the vendor to meet insurance, licensing, and food‑safety regulations. • Provide 15+ snack‑vending machines (minimum list) with credit/debit capability. • Service response within 1 business day; refill frequency 2–3 times per week. • Commission = 30 % of net sales; monthly reporting required; records retained 5 years.

Attached files

Key dates

Bids closed
2/7/2024
Intent to award
1/1/2024
Awarded
1/1/2024
Starts
4/1/2024
Ends
3/31/2029Renews
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Food and Beverage Services
NAICS
722310
Solicitation №
RFP24013‑JD

Contract value

$60,750

The Citadel reported gross vending sales of $43,004 for FY 2022‑2023. Assuming sales tax of roughly 6 %, net sales are about $40,500. The award’s commission rate is 30 % of net sales, equating to roughly $12,150 per year. Over a five‑year maximum term, expected commission revenue is about $60,750. Considering potential growth in sales, added machine locations, and inflation, a reasonable ball‑park contract value ranges from $55 k to $70 k.

AI estimate from the award documents

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