Vendor: Studio V Design, Inc.
Change Order Amount: $40,000
The purpose of this announcement is to modify the contract amount estimated at the beginning of the term for Studio V Design, Inc. The University awarded a contract for marketing and creative services beginning on 8/1/2015 for a two-year period in the estimated amount of $243,140. That amount was estimated based on historic expenditures.
Actual expenditures are never 100% predictable because they vary as a function of estimated data and information that may change. Actual expenditures for fiscal year 2017 will increase due to an increase in demand for marketing and creative services.
This change order reports an increase in the estimated expenditure in the amount of $40,000, changing the estimated amount from $243,140 to $283,140 to represent the projected spend at contract rates through the end of the term.
The buyer for this procurement is now Arlene Shorter, (312) 413-4068.
The State Purchasing Officer for this procurement is now Lee Saulter.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
