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Awarded contract·City of Jefferson City, MO Parks and Recreation Commission·Missouri

Amphitheater Management

Won by VenuWorks of Jefferson City, LLC$6MSingle Award
Contract source

Awarded vendors

  • VenuWorks of Jefferson City, LLC

Description

This contract is for the management of the Ellis-Porter Riverside Amphitheater in Jefferson City, MO. The contract was awarded to VenuWorks of Jefferson City, LLC, and has a term of 6 years, with the option to renew. The contract includes provisions for the management and operation of the amphitheater, including marketing, promotions, and event production. The contract also includes provisions for the payment of management fees, operating expenses, and revenue sharing. Some key points of this contract include: • The City of Jefferson City, MO Parks and Recreation Commission has exclusive control over the supervision, improvement, care, and custody of the Ellis-Porter Riverside Amphitheater. • VenuWorks of Jefferson City, LLC is responsible for providing management services, including marketing, promotions, and event production. • The contract has a term of 6 years, with the option to renew. • The contract includes provisions for the payment of management fees, operating expenses, and revenue sharing. • The City of Jefferson City, MO Parks and Recreation Commission has the right to approve the annual budget and business plan for the amphitheater. • VenuWorks of Jefferson City, LLC is required to maintain accounting records and provide financial reports to the City.

Attached files

Key dates

Starts
1/1/2021
Ends
10/31/2027Renews
Duration
6 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Broadcasting and Media
NAICS
711310
Solicitation №
100277

Contract value

$6,000,000

The value of this contract can be estimated based on the management fees and operating expenses outlined in the contract document. The contract states that VenuWorks will receive a base management fee of $5,000 per month, plus a commission of 5% of revenues realized from events at the amphitheater. The contract also outlines operating expenses, including on-the-job payroll costs, employer contribution costs, cost of equipment and supplies, and marketing and advertising expenses. Based on these provisions, the total value of the contract over the 6-year term could be estimated to be around $5-7 million.

AI estimate from the award documents

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