CVCC Adjusts Follett Bookstore Commission Overpayments
Central Virginia Community CollegeHigher Ed · Lynchburg, VA- Disclosed value
- $898/month for 16 months (total $16,000); prior overpayments approx. $40,000 (FY 2019) and $32,000 (FY 2020)
- From minutes
- Document date
- Jan 27, 2021
The 30-second brief
Central Virginia Community College reported adjustments to its bookstore commission arrangement with Follett Bookstore after commission overpayments in FY 2019 and FY 2020. Under a VCCS-negotiated agreement, Follett will recover $16,000 from CVCC through monthly deductions of $898 over 16 months while earlier overpayments are forgiven.
Follett Bookstore holds this contract with Central Virginia Community College. Its other public contracts on record include work for Kentucky State University and Arkansas State University-Mountain Home.
Term as filed: 16 months repayment period beginning in fiscal year 2020.
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Contract details
- Amount
- $898/month for 16 months (total $16,000); prior overpayments approx. $40,000 (FY 2019) and $32,000 (FY 2020)
- Document date
- January 27, 2021
- Term
- 16 months repayment period beginning in fiscal year 2020
- Vendor
- Follett Bookstore
- Source document
- central-virginia-community-college-board-meeting-minutes-january-27-2021_975.pdf (Minutes)
Follett Bookstore's other public contracts
More Central Virginia Community College contracts
Questions about this contract
Who was awarded the government contract by Central Virginia Community College?
Follett Bookstore was awarded this government contract by Central Virginia Community College, as recorded on January 27, 2021. The contract value is $898/month for 16 months (total $16,000); prior overpayments approx. $40,000 (FY 2019) and $32,000 (FY 2020).
How much is the Follett Bookstore contract with Central Virginia Community College worth?
The Follett Bookstore contract with Central Virginia Community College is valued at $898/month for 16 months (total $16,000); prior overpayments approx. $40,000 (FY 2019) and $32,000 (FY 2020).
What type of contract is this?
This is a government contract, documented as a minutes record.
Where was this contract approved?
This contract appears in central-virginia-community-college-board-meeting-minutes-january-27-2021_975.pdf (Minutes), dated January 27, 2021 from Central Virginia Community College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Follett Bookstore hold?
Follett Bookstore may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Central Virginia Community College currently buying?
Explore Central Virginia Community College's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.