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Awarded contract·Radford University·Virginia

Strategic Marketing and Media Placement

Won by idfive LLC$1.2MAwarded 8/21/2025Single Award
Contract source

Awarded vendors

  • idfive LLC

Description

This contract awards idfive LLC a full‑service strategic marketing and media placement program for Radford University, intended to boost enrollment and brand awareness. The vendor must develop a comprehensive multimedia marketing plan, execute media buying across out‑of‑home, digital, broadcast, and social channels, produce creative assets for each medium, conduct an annual brand‑perception survey, and provide bi‑weekly performance dashboards tied to enrollment metrics. The agreement runs from August 2025 through August 2027 with four optional one‑year renewals, incorporates a blended hourly labor rate of $180, caps agency fees at 30 % of the university’s $1.2 M annual marketing budget, and requires compliance with university policies and travel reimbursement rules. • Scope: strategic planning, media buying, creative production, brand consulting, analytics, and project management. • Financial terms: $180/hr labor, ≤6 % media‑fee, ≤30 % agency‑fee of a ~ $1.2 M annual spend, plus ≤$20 K for a brand survey. • Governance: bi‑weekly reporting, 60‑day cancellation notice, and a 30‑day COI submission requirement for renewals.

Attached files

Key dates

Bids closed
6/4/2025
Intent to award
8/21/2025
Awarded
8/21/2025
Contract modified
6/25/2026
Starts
8/21/2025
Ends
8/31/2027Renews
Duration
2 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Marketing and Advertising
NAICS
541613
Solicitation №
RU25014

Contract value

$1,200,000

The RFP documents cite an average annual marketing spend of approximately $1.2 million for Radford University, with 70 % earmarked for media buys and 30 % for agency services. Assuming the vendor’s blended hourly rate of $180 covers all labor and that the agency fee cap (≤30 % of $1.2 M ≈ $360 k) and media‑fee cap (≤6 % of media spend ≈ $50 k) are applied, the total contract value for the first year would be roughly $1.2 M. The renewal adds a comparable year, so an estimate for the two‑year term is about $2.4 M. However, because the agency fee cap already incorporates labor costs, a conservative single‑year estimate of $1.2 M is reasonable.

AI estimate from the award documents

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