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  5. ›On-Airport Vehicle Rental at Tampa International Airport

Awarded contract·Hillsborough County Aviation Authority·Florida

On-Airport Vehicle Rental at Tampa International Airport

Won by Sixt Rent A Car, LLC$52.3MSingle Award
Contract source

Awarded vendors

  • Sixt Rent A Car, LLC

Description

The contract is for the operation of an on-airport vehicle rental concession at Tampa International Airport. The concessionaire, Sixt Rent A Car, LLC, will provide vehicle rental services to airport customers. The contract has a term of 30 years and requires the concessionaire to pay various fees and charges to the authority, including a privilege fee and a concession recovery fee. The contract also includes provisions for the construction and maintenance of the concession area, as well as requirements for insurance and indemnification. • The contract requires the concessionaire to operate the vehicle rental concession in accordance with the terms and conditions of the contract. • The concessionaire must pay various fees and charges to the authority, including a privilege fee and a concession recovery fee. • The contract includes provisions for the construction and maintenance of the concession area. • The concessionaire must maintain insurance and indemnify the authority against certain losses and liabilities. • The contract has a term of 30 years and may be renewed or terminated under certain circumstances.

Attached files

Key dates

Starts
6/4/2015
Ends
6/3/2045
Duration
30 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Transportation and Public Transit
NAICS
532111
Solicitation №
1TB No. 15-534-004

Contract value

$52,275,000

The contract value is not explicitly stated, but it can be estimated based on the fees and charges paid by the concessionaire to the authority. The contract requires the concessionaire to pay a privilege fee of $1.50 per vehicle rental transaction, as well as a concession recovery fee of 10% of gross receipts. Assuming an average of 100 vehicle rental transactions per day, the concessionaire would pay approximately $547,500 per year in privilege fees, and approximately $1,095,000 per year in concession recovery fees, based on an estimated $10,950,000 in gross receipts per year. Over the 30-year term of the contract, the total value of the contract would be approximately $52,275,000.

AI estimate from the award documents

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