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  5. ›RFP Bookstore Operations for the University Community - 2025

Awarded contract·Wayne State University·Michigan

RFP Bookstore Operations for the University Community - 2025

Won by Textbook Brokers$20MSingle Award
Contract source

Awarded vendors

  • Textbook Brokers

Description

This contract awards a 10‑year campus‑bookstore operations and management agreement to Textbook Brokers for Wayne State University. The vendor will assume full‑service brick‑and‑mortar retail, e‑commerce, café, and athletics‑retail functions, integrate with the university’s OneCard payment system, and handle inventory transition from the outgoing Barnes & Noble vendor. The scope includes POS integration, inclusive‑access digital material support, marketing, community engagement, and optional space renovation plans, with a revenue‑share/comission model and extensive reporting requirements. • Operate a 29,447 sq ft two‑story bookstore, campus‑card integration, café and athletics retail. • Provide textbook, digital, rental, OER, and general merchandise sales plus e‑commerce platform. • Required start date Nov 1 2025, 10‑year base term, optional 5‑year extension, mandatory pre‑proposal meeting attendance.

Attached files

Key dates

Bids closed
6/9/2025
Contract modified
6/1/2025
Starts
11/1/2025
Ends
10/31/2035Renews
Duration
10 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Retail Services
NAICS
452210

Contract value

$20,000,000

The RFP does not disclose a contract dollar amount. Using the reported commissionable sales (~ $6.4 M YTD 2025) and historical annual totals (~ $6‑7 M), a ten‑year contract with a revenue‑share model typically yields a total vendor compensation in the range of 15‑25 % of sales. Assuming a 20 % share on an average of $6.5 M per year gives roughly $13 M over ten years. Adding expected additional revenue from café, athletics retail, and potential renovations could raise the figure to about $20 M. Therefore a reasonable ballpark estimate for the contract value is between $15 M and $25 M.

AI estimate from the award documents

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