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  5. ›P-14012 Management and Operation of Surface Parking Lots…

Awarded contract·Chicago Park District·Illinois

P-14012 Management and Operation of Surface Parking Lots and Pay and Display Machines

Won by Standard Parking Corporation$20MSingle Award
Contract source

Awarded vendors

  • Standard Parking Corporation

Description

This contract is for the management and operation of surface parking lots and pay and display machines in various locations throughout the Chicago Park District. The contract includes the operation of parking lots, pay and display machines, and boat launches, with varying rates and hours of operation. The contract also includes the maintenance and repair of equipment, as well as the collection of revenue. The key points of this contract include: * Management and operation of surface parking lots and pay and display machines * Operation of boat launches and collection of boat launch fees * Maintenance and repair of equipment * Collection of revenue and payment of fees * Varying rates and hours of operation for different locations * Contract duration of 10 years with option for renewal * Awarded to Standard Parking Corporation * Point of contact is Hugo Zapata, Purchasing Contact

Attached files

Key dates

Starts
10/8/2015
Ends
10/8/2025Renews
Duration
10 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Hospitality and Tourism
NAICS
812930
Solicitation №
P-14012, ContractID: 8193

Contract value

$20,000,000

Based on the contract details, it is difficult to estimate the exact value of the contract. However, considering the scope of work, which includes the management and operation of multiple parking lots and pay and display machines, as well as boat launches, the contract value is likely to be in the millions of dollars. A rough estimate could be around $10 million to $50 million per year, depending on the revenue generated from parking fees and other sources.

AI estimate from the award documents

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