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Awarded contract·Pinellas County·Florida

Concession Services - Airport Paid Public Parking Management & Operations

Won by Republic Parking System LLC$41.5MSingle Award
Contract source

Awarded vendors

  • Republic Parking System LLC

Description

This contract is for the management and operation of paid public parking at the St. Pete-Clearwater International Airport. The contract has a term of 10 years, with an option to extend for an additional 5 years. The contractor will provide paid public parking concession and shuttle bus services, and will be responsible for the operation and maintenance of the parking lots. The County will provide the contractor with an initial revenue control system, which the contractor will replace with a new system within 120 days of the commencement of the contract. The contractor will also provide a GPS route management system and an automated passenger counting system. The contract includes provisions for the collection of parking fees, the payment of concession fees to the County, and the maintenance of records and reports. • The contract has a term of 10 years, with an option to extend for an additional 5 years. • The contractor will provide paid public parking concession and shuttle bus services. • The contractor will be responsible for the operation and maintenance of the parking lots. • The County will provide the contractor with an initial revenue control system. • The contractor will replace the initial revenue control system with a new system within 120 days. • The contractor will provide a GPS route management system and an automated passenger counting system. • The contract includes provisions for the collection of parking fees and the payment of concession fees to the County. • The contractor will maintain records and reports, including a monthly lost ticket report and a free parking report.

Attached files

Key dates

Starts
10/29/2024
Ends
10/28/2034Renews
Duration
10 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Transportation and Public Transit
NAICS
812930
Solicitation №
24-0419-RFP

Contract value

$41,500,000

The contract value can be estimated based on the percentage concession fee and the annual gross receipts. The contract states that the concessionaire will pay the County a concession fee of 83% of annual gross receipts up to $5,000,000, and 83% of annual gross receipts in excess of $5,000,000. The contract also states that the concessionaire will provide a GPS route management system and an automated passenger counting system, which may have an initial cost. However, the contract does not provide enough information to estimate the initial cost of these systems. Assuming an average annual gross receipt of $5,000,000, the concession fee would be $4,150,000 per year (83% of $5,000,000). For a 10-year contract, the total concession fee would be $41,500,000. However, this is just an estimate and the actual contract value may be different. The contract value may be influenced by various factors, such as the actual annual gross receipts, the cost of the GPS route management system and the automated passenger counting system, and any potential extensions or renewals of the contract.

AI estimate from the award documents

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