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Awarded contract·Radford University·Virginia

Recruitment Process Outsourcing

Won by Synerfac, Inc.$1MAwarded 1/24/2022Single Award
Contract source

Awarded vendors

  • Synerfac, Inc.

Description

This contract provides Radford University with on‑demand Recruitment Process Outsourcing (RPO) services through Synerfac, Inc. The vendor handles full‑cycle recruiting for faculty, staff, and mid‑level management positions on an as‑needed basis, maintaining candidate pipelines, screening, and onboarding. All original contract terms, conditions, specifications, and pricing remain unchanged during each renewal term, with a fee equal to 25 % of the placed candidate’s first‑year anticipated earnings. The agreement includes a performance guarantee (refund or replacement if a placement leaves within 60 days) and allows up to four one‑year extensions beyond the initial year. Payments are due on the employee’s first day of work (net‑30). • Scope: Full‑cycle recruitment (job definition, sourcing, screening, candidate communication, offer coordination). • Pricing: 25 % of first‑year salary per placement; net‑30 payment; guarantee tiers (0‑30 days, 31‑60 days, >61 days). • Term: Initial 1‑year (24 Jan 2022‑23 Jan 2023) with up to four optional 1‑year renewals (currently through 23 Jan 2026).

Attached files

Key dates

Bids closed
11/19/2021
Intent to award
1/24/2022
Awarded
1/24/2022
Contract modified
10/28/2024
Starts
1/24/2022
Ends
1/23/2026Renews
Duration
4 years

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Staff Augmentation
NAICS
561311
Solicitation №
RU22019

Contract value

$1,000,000

The contract fee is 25 % of the first‑year salary of each placed candidate. Assuming an average placement salary of $80,000, the fee per hire is $20,000. If the university fills roughly 10 positions per year, the annual spend would be about $200,000. Over the four‑year horizon (including renewals) this yields roughly $800,000. Accounting for possible variation in hire volume (8‑12 placements per year) and occasional larger‑salary roles, a reasonable ball‑park estimate is about $1 million total for the full contract life.

AI estimate from the award documents

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