Florida BOG |Academic and Research Excellence Committee Awards Financial Services Contract to Commission for Public Higher Education Inc (July 2026)

The Commission for Public Higher Education, Inc. entered into an agreement to receive up to $3,462,888.17 in FY2026-2027 from the Florida Board of Governors Foundation, Inc. to fund its start-up and operational activities as an accrediting agency. CPHE will obtain quarterly disbursements tied to a detailed expense schedule, documentation requirements, and operational benchmarks, with potential continuation in subsequent years.

Scope & details

The full contract record, as filed.

Contract amount

Up to $3,462,888.17 (maximum funds under this Agreement; total legislative allocation $4,000,000, of which $537,111.83 was disbursed in 2025-2026)

Contract type

FINANCIAL_SERVICES

Contract term

FY2026-2027, with quarterly disbursements beginning July 1, 2026, and continuing in subsequent fiscal years until the $4,000,000 is fully disbursed or CPHE no longer needs funds

Renewal date

2027-06-30

Renewal

CPHE must submit an annual disbursement schedule, including for FY2027-2028 by May 1, 2027, to continue receiving funds. The funding relationship continues, subject to compliance and mutual agreement, until the full $4,000,000 allocation is disbursed or CPHE no longer needs support; either party may terminate with 60 days’ notice, and the Foundation may suspend or withhold funds upon default.

Document type

Agreement

Source document

Florida Board of Governors Foundation Agreement for Commission for Public Higher Education Funding 2026-07-01

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Florida BOG |Academic and Research Excellence Committee?

Commission for Public Higher Education Inc was awarded this financial services contract by Florida BOG |Academic and Research Excellence Committee, as recorded on July 1, 2026. The contract value is Up to $3,462,888.17 (maximum funds under this Agreement; total legislative allocation $4,000,000, of which $537,111.83 was disbursed in 2025-2026).

How much is the Commission for Public Higher Education Inc contract with Florida BOG |Academic and Research Excellence Committee worth?

The Commission for Public Higher Education Inc contract with Florida BOG |Academic and Research Excellence Committee is valued at Up to $3,462,888.17 (maximum funds under this Agreement; total legislative allocation $4,000,000, of which $537,111.83 was disbursed in 2025-2026), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agreement record.

Where was this contract approved?

This contract appears in Florida Board of Governors Foundation Agreement for Commission for Public Higher Education Funding 2026-07-01 (Agreement), dated July 1, 2026 from Florida BOG |Academic and Research Excellence Committee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Commission for Public Higher Education Inc hold?

Commission for Public Higher Education Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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