Sponsorship and Naming Rights

This contract is for sponsorship and naming rights consulting services, where the vendor will help the City of Port St. Lucie identify and value assets, develop a sales strategy, and negotiate agreements with potential partners. The contract has a term of 3 years, with a possible extension, and includes a monthly retainer fee of $5,000 and a 10% commission on all sponsorship and naming rights income. The vendor will provide quarterly progress reports and will be responsible for activating and implementing the partnership agreements. Key aspects of the contract include the identification and valuation of assets, the development of a sales strategy, and the negotiation of agreements with potential partners. • Asset identification and valuation: The vendor will identify and value the City's assets, including programs, services, and facilities. • Sales strategy development: The vendor will develop a sales strategy to attract potential partners and negotiate agreements. • Agreement negotiation: The vendor will negotiate agreements with potential partners, including sponsorship and naming rights agreements. • Progress reports: The vendor will provide quarterly progress reports to the City. • Activation and implementation: The vendor will be responsible for activating and implementing the partnership agreements.