USF Signs 15-Year Services Deal With Compass Group
University Of South Florida-Sarasota-ManateeHigher Ed · Sarasota, FL- Disclosed value
- $48 million increase in cash recorded as deferred revenue (overall 15-year partnership value not stated)
- From agendapacket
- Document date
- May 20, 2025
- Term
- 15 years
The 30-second brief
USF executed a 15-year comprehensive services partnership with Compass Group starting in October 2024, covering campus dining, athletics concessions, and facilities management. The agreement generated a $48 million deferred revenue balance and is expected to yield significant savings and operational efficiencies.
Compass Group holds this food services contract with University Of South Florida-Sarasota-Manatee. Its other public contracts on record include work for Chapel Hill-Carrboro Schools and Big Lake Public School District.
Term as filed: 15 years.
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Contract details
- Contract type
- Food Services
- Amount
- $48 million increase in cash recorded as deferred revenue (overall 15-year partnership value not stated)
- Document date
- May 20, 2025
- Term
- 15 years
- Vendor
- Compass Group
- Source document
- University of South Florida Board of Trustees Finance Committee Agenda Packet 2025-05-20 (AgendaPacket)
Compass Group's other public contracts
More University Of South Florida-Sarasota-Manatee contracts
Questions about this contract
Who was awarded the food services contract by University Of South Florida-Sarasota-Manatee?
Compass Group was awarded this food services contract by University Of South Florida-Sarasota-Manatee, as recorded on May 20, 2025. The contract value is $48 million increase in cash recorded as deferred revenue (overall 15-year partnership value not stated).
How much is the Compass Group contract with University Of South Florida-Sarasota-Manatee worth?
The Compass Group contract with University Of South Florida-Sarasota-Manatee is valued at $48 million increase in cash recorded as deferred revenue (overall 15-year partnership value not stated), covering food services work.
What type of contract is this?
This is a Food Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in University of South Florida Board of Trustees Finance Committee Agenda Packet 2025-05-20 (AgendaPacket), dated May 20, 2025 from University Of South Florida-Sarasota-Manatee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Compass Group hold?
Compass 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.
What is University Of South Florida-Sarasota-Manatee currently buying?
Explore University Of South Florida-Sarasota-Manatee's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.