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Awarded contract·Radford University·Virginia

Graduation Photography Services

Won by Photo Specialties, Inc.$45kAwarded 2/16/2021Single Award
Contract source

Awarded vendors

  • Photo Specialties, Inc.

Description

This contract awards Photo Specialties, Inc. the exclusive right to provide comprehensive graduation‑photography services for Radford University, covering on‑stage and posed portraits, public‑relations photography, green‑screen options, and a full menu of printed and digital products. The vendor must upload high‑resolution images promptly, manage proof distribution, fulfill print orders, and honor a 100 % money‑back guarantee for defective items. Pricing is fixed per unit (e.g., $10 for an 8”×10” print) with a flat $3.95 shipping charge; no price increases are allowed except CPI adjustments during renewals. The university receives semi‑annual spend reports and quarterly SWaM utilization reports. The agreement includes a five‑year base term (Feb 2021‑Feb 2026) with up to four one‑year renewal options and a five‑month extension (Feb‑Jul 2026). • Scope: On‑site ceremony coverage, digital delivery, print‑product fulfillment, and optional green‑screen portraits. • Pricing: Unit‑price schedule; fixed for the contract term, CPI‑U limited adjustments only. • Reporting: Semi‑annual spend, graduate‑feedback, and SWaM compliance reporting required.

Attached files

Key dates

Bids closed
8/5/2020
Intent to award
2/16/2021
Awarded
2/16/2021
Contract modified
1/14/2026
Starts
2/16/2021
Ends
7/31/2026Renews
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Event Services
NAICS
541810
Solicitation №
RU21037

Contract value

$45,000

The contract’s financial exposure can be approximated from the contractor’s internal cost estimate of $4,325 per semester. Over a five‑year (10‑semester) base term this equals roughly $43,250. Adding the five‑month extension (≈1 semester) brings the total to about $45,600. Assuming a modest profit margin and occasional additional product sales, a reasonable ball‑park contract value is in the $45‑$50 K range.

AI estimate from the award documents

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