VENDING SERVICES-22

Stephen F. Austin State University solicited a five‑year snack‑vending services contract to operate approximately 29 vending machines on its Nacogdoches campus. The university required the vendor to own, install, stock, service, and maintain the machines, manage cash change funds, and report monthly sales. A minimum annual guarantee of $40,000 and a 20 % commission on gross sales were stipulated, with a $10,000 yearly performance bond. Gilly Vending, Inc. was awarded the contract, which begins 1 Sept 2022 and runs through 31 Aug 2027, with the possibility of up to two additional five‑year extensions. • Scope: Provide snack‑food vending machines (≈29), full service, stocking, maintenance, reporting, and change‑fund management. • Financials: $40 k annual minimum guarantee, 20 % sales commission, $10 k yearly performance bond, monthly commission payments. • Requirements: No subcontractors, Texas‑registered vendor, insurance, bonding, PCI‑DSS compliance, annual CPA‑certified financial statements, and adherence to state procurement statutes.