UFV signs new vending services agreement
Source: Ministry of Advanced Education news release
UFV has signed a master agreement with Ryan Company Limited on behalf of the public post-secondary sector to provide and maintain vending equipment that dispense drinks and snacks at campuses throughout the province.
“This vending services agreement offers exceptional value and it is another example of the way joint procurement contracts are saving money for public post-secondary institutions,” said Minister of Advanced Education Andrew Wilkinson. “Government is working with public post-secondary institutions to help find administrative efficiencies, while protecting and maximizing investments in education for students.”
The agreement offers the following 11 public post-secondary institutions the opportunity to enter into separate participation agreements with Ryan Company Limited:
- Camosun College
- College of New Caledonia
- College of the Rockies
- Kwantlen Polytechnic University
- Langara College
- Northwest Community College
- Okanagan College
- Selkirk College
- Thompson Rivers University
- University of the Fraser Valley
- Vancouver Community College
Other public post-secondary institutions have the option to participate once their existing vending contracts expire. The agreement will remain in effect for the next seven years, with the option to extend the contract for three two-year terms—a total of 13 years.
“We chose the vendor that would offer the most value for services,” said Cameron Roy, director of ancillary services for the University of the Fraser Valley and lead for the vending services joint procurement opportunity with public post-secondary institutions. “We are looking forward to cost-saving opportunities with our public post-secondary partners and Ryan Company Limited.”
The agreement will save the initial participating institutions up to $4 million over the 13-year life of the contract, with potential for increased savings as other B.C. institutions decide whether to participate in the program.
