OTHERAPPROVED

Follett to Continue Operating Cerritos College Bookstore

Cerritos College will negotiate and enter into a new bookstore operating agreement with Follett Higher Education Group, LLC for the Student Services Administration Building, featuring a five-year initial term with two optional two-year extensions. The agreement provides tiered commissions with a guaranteed minimum of at least $150,000 annually and includes a $260,000 capital investment by Follett.

Status
APPROVED
Document date
June 2, 2026
Contract type
OTHER
Vendor
Follett Higher Education Group Llc
Agency
Cerritos College · CA

Trusted by teams at

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Commission-based: 13.5% of commissionable sales up to $3,000,000; 15.5% over $3,000,000; guaranteed minimum annual commission of at least 90% of prior year or $150,000; $260,000 capital investment for tenant improvements
Contract type
OTHER
Contract term
Initial 5-year term with two optional 2-year renewal terms, starting on or around July 27, 2026 and ending on or around July 26, 2031
Renewal date
2031-07-26
Renewal
Agreement includes an initial 5-year term with two optional 2-year renewal terms; existing arrangement had automatic one-year renewals, and the new structure continues optional renewals subject to future approvals.
Document type
Agenda
Source document
Cerritos College Agenda Regular Board Meeting 2026-06-03

Related contracts

Other contracts from Follett Higher Education Group Llc.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Cerritos College?

Follett Higher Education Group Llc was awarded this government contract by Cerritos College, as recorded on June 2, 2026. The contract value is Commission-based: 13.5% of commissionable sales up to $3,000,000; 15.5% over $3,000,000; guaranteed minimum annual commission of at least 90% of prior year or $150,000; $260,000 capital investment for tenant improvements.

How much is the Follett Higher Education Group Llc contract with Cerritos College worth?

The Follett Higher Education Group Llc contract with Cerritos College is valued at Commission-based: 13.5% of commissionable sales up to $3,000,000; 15.5% over $3,000,000; guaranteed minimum annual commission of at least 90% of prior year or $150,000; $260,000 capital investment for tenant improvements.

What type of contract is this?

This is a government contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Cerritos College Agenda Regular Board Meeting 2026-06-03 (Agenda), dated June 2, 2026 from Cerritos College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Follett Higher Education Group Llc hold?

Follett Higher Education Group Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Follett Higher Education Group Llc's profile

What is Cerritos College currently buying?

Explore Cerritos College's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Cerritos College's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free