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  5. ›DIRECTIONAL SIGN PLAZA AGREEMENT

Awarded contract·Town of Queen Creek·Arizona

DIRECTIONAL SIGN PLAZA AGREEMENT

Won by National Sign Plazas, Inc.$750kSingle Award
Contract source

Awarded vendors

  • National Sign Plazas, Inc.

Description

The DIRECTIONAL SIGN PLAZA AGREEMENT is a contract between the Town of Queen Creek and National Sign Plazas, Inc. for the installation, maintenance, and repair of directional sign plazas and sign panels within the Town's rights-of-way. The contract has a term of 5 years, commencing on November 1, 2023, and terminating on October 31, 2028. The contract requires National Sign Plazas, Inc. to provide and maintain the sign plazas and sign panels, and to pay an administrative fee to the Town of $15.00 per month for each sign panel displayed. The contract also includes provisions for indemnification, insurance, and termination. Key aspects of the contract include: * The Town has the sole discretion to determine the number and placement of sign plazas and sign panels. * National Sign Plazas, Inc. shall install, display, maintain, and repair all sign plazas and sign panels in accordance with the Town's Sign Plaza Program rules and regulations. * The contract includes provisions for the removal of sign plazas and sign panels, and for the payment of fees and charges. * The contract requires National Sign Plazas, Inc. to maintain insurance coverage, including general liability, automobile liability, and worker's compensation insurance. * The contract includes provisions for dispute resolution, including mediation and arbitration.

Attached files

Key dates

Starts
11/1/2023
Ends
10/31/2028
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Construction
NAICS
238990
Solicitation №
2023-102

Contract value

$750,000

The value of this contract can be estimated based on the administrative fee paid by National Sign Plazas, Inc. to the Town of Queen Creek, which is $15.00 per month for each sign panel displayed. Assuming an average of 100 sign panels displayed per month, the annual revenue for the Town would be $18,000. Over the 5-year term of the contract, the total revenue would be approximately $90,000. However, this is likely an underestimate, as the contract also includes provisions for the payment of fees and charges related to the installation and maintenance of sign plazas and sign panels. A more realistic estimate of the contract value would be in the range of $500,000 to $1,000,000, taking into account the costs of materials, labor, and equipment required to install and maintain the sign plazas and sign panels.

AI estimate from the award documents

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