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  5. ›RFB03092026 For License Waterfall Viewing Concession

Commonwealth of Kentucky, Finance and Administration Cabinet, Division of Real Properties·Kentucky

RFB03092026 For License Waterfall Viewing Concession

Closes 3/30/2026$200k – $500kInvitation for Bid
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Description

The Commonwealth of Kentucky is seeking bids for the operation of a waterfall viewing concession at Cumberland Falls State Resort Park. The concession will operate multiple rafting trips daily, and the successful bidder will be responsible for financing, designing, constructing, maintaining, operating, and managing the concession. The initial license period will be for one year, with an option to renew for five additional one-year periods. The bidder will be required to pay a percentage of gross receipts derived from the operation of the concession, with a minimum acceptable monthly bid amount of 10% of gross receipts. The bidder will also be responsible for daily clean-up and maintenance, and must comply with all applicable state and federal statutes and regulations. • The concession will operate from Wednesday to Sunday, with extended hours possible at the discretion of the awarded bidder. • The bidder must provide a deposit of $500 with their bid, which will be returned to unsuccessful bidders. • The bidder must carry and maintain public liability insurance, with minimum amounts of $300,000 per person and $1,000,000 per accident. • The bidder must comply with all applicable safety laws and regulations, and must designate a responsible member of their organization as a safety officer.

Attached files

Contact

Jamie Bryant(Buyer)

[email protected]

(502) 782-0360

Key dates

Opened
3/16/2026
Site visit
3/5/2026Mandatory
Closes
3/30/2026
Duration
1 year, with option to renew for 5 additional 1-year periods

Last updated

Details

Type
Invitation for Bid
Industry
Hospitality and Tourism
NAICS
713990
Solicitation №
RFB-785-2600000412-4

Budget estimate

$200,000 – $500,000

The budget for this opportunity is based on a percentage of gross receipts derived from the operation of the concession. The minimum acceptable monthly bid amount is 10% of gross receipts. The actual budget will depend on the number of visitors and the revenue generated by the concession. Assuming an average annual revenue of $500,000, the budget could be around $50,000 per year, with a total budget of $250,000 over the 5-year contract period. However, this is just an estimate, and the actual budget could be higher or lower, depending on the performance of the concession.

AI estimate from the solicitation

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