Louisiana Tech University is seeking sealed bids for candy snack vending machine services. The contract period is from July 1, 2026, to June 30, 2027, with two one-year renewal options. Bidders must provide new or like-new vending machines capable of accepting various payment methods, including debit/credit cards. The university expects gross receipts of $55,000. A performance bond of $15,000 is required within 10 days of award notification. The awarded vendor must also provide a certificate of insurance compliant with state requirements. Compensation to the university will be based on the greater of a percentage of gross receipts or an annual guaranteed minimum. Bids must be submitted by April 22, 2026, at 2:00 PM. For questions, contact the Office of Purchasing at **** or purchasing@latech. edu.
The contract period for candy snack vending machine services is from July 1, 2026, to June 30, 2027.
Payment to the university will be made once per month by the 10th of each month for the preceding month's commission. The awarded vendor will furnish the university with a report of sales by building with detail by machine.
The manufacturers standard warranty will apply unless otherwise stated in the solicitation.
The university makes no sales volume guarantees, but will evaluate bids on the expectation of gross receipts of fifty-five thousand 55,000 dollars in candy snack sales.
Bids will be considered for any brand which meets or exceeds the quality of the specifications listed for any items.
In the event that the vendor should fail to perform according to the terms of the contract, the university may, at its option, cancel the contract upon sixty 60 days advance notice in writing.
Each bidder is responsible for reviewing the vending locations prior to submitting a bid.
If the bidder needs to submit a change, question, exception, or modification to any aspect of the bid specifications, terms, conditions, or bidder instructions, it must be done in written form submitted to the Louisiana Tech University Office of Purchasing prior to the bid opening date.