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Awarded contract·Jacksonville Aviation Authority·Florida

ATM Concession Services Two Contractors BaumTech and VyStar

Won by BaumTech, LLC +1 more$2.5MMultiple Award
Contract source

Awarded vendors

  • BaumTech, LLC
  • VyStar Credit Union

Description

This contract governs the operation of Automated Teller Machine (ATM) concessions at Jacksonville Aviation Authority facilities. The original agreement was executed on April 16 2022, and amendment‑1 documents signed in early 2025 extend the concession term for both incumbent vendors—BaumTech, LLC and VyStar Credit Union—for an additional 24 months, ending on April 15 2027. The extensions retain the original scope, pricing structure, and compliance appendices, and no new financial terms are disclosed. The amendments are marked exempt from public disclosure, indicating that detailed pricing and performance metrics remain confidential. • Scope: Provision, placement, maintenance, and servicing of ATMs at JAA‑owned airport locations. • Term: Original 5‑year agreement (2022‑2027) with a single 2‑year renewal (2025‑2027); this is the final renewal permitted. • Compensation: Continues under the same rates/fees established in the 2022 agreement; no monetary figures disclosed. • Parties: Jacksonville Aviation Authority (awarding agency) and two concessionaires—BaumTech, LLC and VyStar Credit Union. • Compliance: Appendices A (non‑discrimination) and B (foreign‑entity compliance) incorporated by reference.

Attached files

Key dates

Contract modified
3/28/2025
Starts
4/16/2022
Ends
4/15/2027Renews
Duration
5 years

Last updated

Details

Award type
Multiple Award
Procurement
Sole Source
Industry
Financial Services
NAICS
522390
Solicitation №
22-05-43101

Contract value

$2,500,000

The amendment does not disclose monetary amounts, but typical airport ATM concessions generate revenue based on transaction fees or a percentage of ATM usage. Assuming each concessionaire operates 2–3 ATMs, with an average annual net revenue of roughly $120,000 per ATM (a conservative industry benchmark), the yearly value per vendor would be about $240,000–$360,000. Over the 2‑year renewal period this yields $480,000–$720,000 per vendor, or roughly $1.0‑$1.4 million total for both vendors. Considering that the original 5‑year contract likely included similar figures, a ball‑park estimate for the entire 5‑year contract (2022‑2027) is about $2.5 million. This estimate accounts for the lack of disclosed pricing, typical ATM concession revenue, and the fact that the renewal does not alter the pricing structure.

AI estimate from the award documents

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