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  5. ›Off-Street Parking Lot Management Services

Awarded contract·City of Spokane·Washington

Off-Street Parking Lot Management Services

Won by Diamond Parking$1MAwarded 5/19/2025Single Award
Contract source

Awarded vendors

  • Diamond Parking

Description

This contract awards the City of Spokane the management, operation, and revenue collection for two off‑street public parking lots (≈ 64 total spaces). The contractor is responsible for daily lot operations, maintenance, enforcement (including use of LPR cameras and e‑citations), financial reporting, and payment of a negotiated percentage of net revenue to the City. The City handles snow removal; the contractor funds signage, equipment, and any improvements. The agreement runs for an initial three‑year term with up to two one‑year renewal options. Proposals were submitted electronically, and Diamond Parking was recommended for award. • Scope includes 24/7 access, enforcement, maintenance, and revenue sharing. • Contractor must submit monthly revenue reports and pay the City by the 10th of each month. • No fixed contract price; compensation is based on a percentage of net parking revenues after allowable operational costs.

Attached files

Key dates

Bids closed
9/16/2024
Intent to award
5/19/2025
Awarded
5/19/2025
Contract modified
9/4/2024
Starts
9/1/2026
Ends
9/1/2026Renews
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Custodial and Facilities Services
NAICS
561212
Solicitation №
RFP 6202-24

Contract value

$1,000,000

No explicit dollar amount is disclosed. Based on the size of the two lots (≈ 64 spaces) and typical municipal parking rates (≈ $5‑$7 per hour), an estimated annual gross revenue could be $300‑$500 k. Assuming the contractor retains ~70 % after paying the City’s share, the contractor’s net annual earnings might be $210‑$350 k. Over the base three‑year term this yields roughly $630‑$1,050 k. Adding a modest contingency for operational expenses, a reasonable ball‑park contract value is about $1 million. This estimate assumes average occupancy, standard rates, and typical cost structures for parking‑lot operators.

AI estimate from the award documents

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