Exclusive Agreement for NC State Official Class Ring Marketing and Sales

Background
NC State University, located in Raleigh, NC, is seeking proposals from qualified suppliers to enter into an exclusive agreement for the marketing and sale of NC State Official Class Rings. The University aims to contract with a single company that has demonstrated competence in providing these services.

This initiative is backed by the NC State Alumni Association and NC State Stores/Wolfpack Outfitters, which have historically managed the class ring program.

Work Details
The contractor will be responsible for providing men's and women's traditional style gold rings and pendants under the single-supplier class ring program. All rings must be available in 10k gold and 14k gold, with other materials considered upon proposal.

Responsibilities include:
1. Holding exclusive rights to market and sell NC State Official Class Rings.
2. Maintaining competitive pricing for the first year, with any price increases requiring prior approval from the University.
3. Including copies of ring designs in proposals.
4. Managing all costs associated with design, marketing, and ordering of class rings, including advertising and personal contact opportunities.
5. Developing a comprehensive marketing plan targeting alumni and qualified students.
6. Implementing an ordering system and supporting a Student Ring Ambassador program.
7. Providing quarterly revenue accounting split between the Alumni Association and Wolfpack Outfitters.

Period of Performance
The contract will be for a period of five (5) years from the date of award, with an option for one (1) additional five (5) year extension.

Place of Performance
The services will be performed at NC State University in Raleigh, North Carolina.