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Awarded contract·Houston Airport System·Texas

Parking Operations & Management Services - S36-T29402

Won by SP Plus Global IMS$650MAwarded 5/19/2021Single Award
Contract source

Awarded vendors

  • SP Plus Global IMS

Description

This ten‑year contract provides comprehensive parking operations, management, and maintenance services for the Houston Airport System’s two major airports (IAH and HOU). The awardee, SP Plus Global IMS, will serve as the sole parking operator, handling daily parking facility operations, revenue collection, customer service, security, and upkeep of all parking structures and lots. The agreement emphasizes a long‑term partnership to ensure efficient, safe, and revenue‑maximizing parking services across both airport sites. • Scope includes operation of all existing parking garages, surface lots, and related facilities at Bush Intercontinental and Hobby airports. • Services cover staffing, ticketing, payment processing, enforcement, maintenance, and reporting. • The contract carries a minority/woman participation goal of 35 % and is valued at a multi‑year, high‑volume service engagement.

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Intent to award
5/19/2021
Awarded
5/19/2021
Contract modified
3/31/2025
Starts
5/19/2021
Ends
5/19/2031
Duration
10 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Transportation and Public Transit
NAICS
561220
Solicitation №
S36-T29402

Contract value

$650,000,000

The contract spans ten years for two major international airports, each handling tens of thousands of daily parking transactions. Comparable airport parking contracts in large U.S. hubs often range from $80 million to $120 million annually, depending on facility size, revenue share, and service scope. Assuming a midpoint of $100 million per year, the ten‑year contract would approximate $1 billion. Adjusting for Houston’s specific market size and the presence of a 35 % minority/woman participation goal (which may modestly affect pricing), a reasonable ballpark estimate is roughly $500 million to $800 million. For reporting purposes, I select a median estimate of $650 million. This figure reflects anticipated operational staffing, technology systems, maintenance, security, and administrative overhead over the contract term.

AI estimate from the award documents

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