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  5. ›AISD Billboard Lease

Awarded contract·Amarillo Independent School District·Texas

AISD Billboard Lease

Won by Burkett Outdoor Advertising LP$200kSingle Award
Contract source

Awarded vendors

  • Burkett Outdoor Advertising LP

Description

The Amarillo Independent School District is seeking to enter into a lease agreement with a qualified lessee to acquire the rights to erect and maintain billboards on District-owned property along Interstate 40 in Amarillo, TX. The selected lessee will be required to enter into a lease agreement and adhere to its terms, including the payment of rent. The contract was awarded to Burkett Outdoor Advertising LP as the highest evaluated offeror. Key aspects of the contract include: • The lease agreement will be for a term to be determined • The lessee will be responsible for erecting and maintaining billboards and related structures • The lessee will be required to pay rent to the District • The contract was awarded based on evaluation criteria listed in the RFP

Attached files

Key dates

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531110
Solicitation №
3610

Contract value

$200,000

The value of the contract cannot be determined with certainty, but it is likely to be a significant amount given the lease of multiple billboards. The District will receive rent payments from the lessee, but the exact amount is not specified. Assuming an average annual rent of $10,000 to $50,000 per billboard, and considering the contract may involve multiple billboards, the total contract value could range from $50,000 to $500,000 or more over the contract term.

AI estimate from the award documents

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