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  5. ›Security Bin Advertising Program

Awarded contract·Hillsborough County Aviation Authority·Florida

Security Bin Advertising Program

Won by SecurityPoint Media, LLC$1MSingle Award
Contract source

Awarded vendors

  • SecurityPoint Media, LLC

Description

The Security Bin Advertising Program Contract is a lease and concession contract between the Hillsborough County Aviation Authority and SecurityPoint Media, LLC. The contract is for a term of 5 years, starting from April 1, 2022, and ending on March 31, 2027. The contract outlines the terms and conditions for the operation of a security bin advertising program at the Tampa International Airport. The concessionaire, SecurityPoint Media, LLC, is responsible for providing security bins with advertisements in designated areas of the airport. The authority reserves the right to reclaim the assigned areas if necessary for airport development or operations. The contract also outlines the fees, reporting, and accounting requirements for the concessionaire. Some key points of the contract include: • The concessionaire is responsible for paying a percentage fee to the authority based on gross receipts. • The concessionaire must provide a statement of gross receipts to the authority on a monthly basis. • The concessionaire is responsible for maintaining the assigned areas and ensuring that they are kept in a first-class condition. • The authority reserves the right to terminate the contract if the concessionaire fails to comply with the terms and conditions. The contract also includes various exhibits, including a tenant work permit handbook, which outlines the requirements for construction activities at the airport.

Attached files

Key dates

Starts
4/1/2022
Ends
3/31/2027
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Marketing and Advertising
NAICS
541810
Solicitation №
67797

Contract value

$1,000,000

The contract value is estimated to be around $1 million to $5 million per year, based on the percentage fee of 20% to 25% of gross receipts. The total contract value for the 5-year term is estimated to be around $5 million to $25 million. This estimation is based on the assumption that the gross receipts will be around $5 million to $20 million per year. However, the actual contract value may vary depending on the actual gross receipts and other factors.

AI estimate from the award documents

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