Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Procurement And Contracts topic
No spam. Unsubscribe anytime.
IHL trustees approve array of vendor contracts for dining, services and medical distribution
Summary
The IHL board approved multiple contracts during the finance and real estate agendas, including beverage pouring rights, food-service and concessions agreements, custodial and HVAC services, an insurance renewal, and medical distribution and therapy supply agreements.
During its June 18 meeting the Institutions of Higher Learning Board of Trustees approved a group of vendor contracts covering campus dining and beverage rights, facilities services, insurance renewals and medical distribution agreements.
Among revenue-generating sponsorships, Delta State University was authorized to enter a beverage sales and sponsorship agreement with PepsiCo (estimated value $426,000; Pepsi to provide annual support funds and commissions), and the University of Southern Mississippi approved a 10-year beverage pouring and sponsorship agreement with Coca-Cola Bottling Company United Gulf Coast LLC (total value reported at about $7.7 million in cash and sponsorships, plus in-kind contributions and programming initiatives).
In auxiliary and service contracts, trustees approved Mississippi State University's amendment raising Aramark's capital investment to $38 million for food services (projected MSU commissions about $46 million over contract life), and multiple food-service agreements with Proof of the Pudding LLC for game-day concessions and athlete nutrition services. Jackson State University gained approval to contract TrainUS Inc. for campus HVAC preventive maintenance and ATS Facilities LLC for campuswide custodial and housing maintenance services (five-year agreements with stated totals of $5.43 million and $15.26 million, respectively).
The board also renewed the IHL Executive Office excess auto liability insurance with Genesis (Berkshire Hathaway) for approximately $320,000 in premium, covering excess limits described in the presentation.
Medical supply and distribution items approved included a University of Mississippi Medical Center five-year wholesale pharmaceutical distribution agreement with Morrison & Dixon (estimated contract amount $1.35 billion over five years, funded by hospital patient revenue) and a second amendment extending an outcome-based agreement with Novartis for CAR-T cell therapy support (Novartis agreements remain in place with total contract cost noted in the presentation). Legal staff reported reviews of contracts for compliance with applicable law; board staff recommended approval and trustees voted to adopt the items.
