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  5. ›P-19021-Management and Operation of the Gately Park Indoor Track an…

Awarded contract·Chicago Park District·Illinois

P-19021-Management and Operation of the Gately Park Indoor Track and Field Facility and Addams Park Recreation Center

Won by ASM Global, LLC$1.8MSingle Award
Contract source

Awarded vendors

  • ASM Global, LLC

Description

The contract is for the management and operation of the Gately Park Indoor Track and Field Facility and the Addams Park Recreation Center. The vendor, ASM Global, LLC, will provide services including maintenance, custodial services, security, and event management. The contract has a term of 5 years, with the option to renew for an additional 5 years. The vendor will be paid an annual management fee, with a portion of the fee withheld pending an annual review. The contract also includes provisions for capital improvements and equipment purchases. Key points of the contract include: * The vendor will provide management and operation services for the facilities * The contract has a term of 5 years, with the option to renew for an additional 5 years * The vendor will be paid an annual management fee, with a portion of the fee withheld pending an annual review * The contract includes provisions for capital improvements and equipment purchases * The vendor will provide maintenance, custodial services, security, and event management services * The contract includes provisions for marketing and promotion of the facilities

Attached files

Key dates

Starts
7/6/2020
Ends
12/15/2025Renews
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Sports and Recreation
NAICS
711310
Solicitation №
P-19021

Contract value

$1,750,000

The contract value can be estimated based on the annual management fee, which is $100,000 in the first year, increasing to $130,477 in the tenth year. Additionally, the vendor will provide a capital investment of $25,000 in the first year, and a marketing fund of $50,000 in the first year. The total contract value can be estimated to be around $1.5 million to $2 million over the 5-year term.

AI estimate from the award documents

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