TTU Plans Extension of Follett Bookstore Operations Contract

Scope & details

The full contract record, as filed.

Contract amount

Additional $650,000 investment for facility enhancements and renovations; $300,000 one-time signing bonus; guaranteed annual income of $900,000 (paid as greater of earned commission or guarantee)

Contract type

FOOD_SERVICES

Contract term

Original term July 1, 2021 – June 30, 2026; current agreed-upon extension through June 30, 2028; new 3-year extension through June 30, 2031 plus an additional five-year renewal option

Renewal date

2031-06-30

Renewal

Original Follett contract approved February 2021 for July 1, 2021 – June 30, 2026. It is currently in an agreed extension through June 30, 2028. Proposed action extends the contract three more years to June 30, 2031 and adds a single additional five-year renewal option; TTU retains a 120-day termination for convenience right.

Document type

Agenda

Source document

Texas Tech University System Board of Regents Agenda Book 2026-08-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the food services contract by Texas Tech University System Administration?

Follett Higher Education Group was awarded this food services contract by Texas Tech University System Administration, as recorded on August 13, 2026. The contract value is Additional $650,000 investment for facility enhancements and renovations; $300,000 one-time signing bonus; guaranteed annual income of $900,000 (paid as greater of earned commission or guarantee).

How much is the Follett Higher Education Group contract with Texas Tech University System Administration worth?

The Follett Higher Education Group contract with Texas Tech University System Administration is valued at Additional $650,000 investment for facility enhancements and renovations; $300,000 one-time signing bonus; guaranteed annual income of $900,000 (paid as greater of earned commission or guarantee), covering food services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Texas Tech University System Board of Regents Agenda Book 2026-08-13 (Agenda), dated August 13, 2026 from Texas Tech University System Administration. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Follett Higher Education Group hold?

Follett Higher Education Group 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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