This contract is for concession program management for the Chicago Park District. The vendor, Park Concession Management, LLC, will provide services including concession development, marketing, permitting, design and construction, and daily management. The contract has a term of 5 years, with options for renewal. The vendor will be responsible for managing the concession program, including operating expenses, concession revenues, and capital improvements. The CPD will retain ownership of all existing buildings and real estate, technical and office equipment, and facilities. The vendor will be required to maintain accurate and complete financial and accounting books, records, and reports, and will be subject to audits by the CPD. Key aspects of the contract include:
* Concession development services to enhance and improve the quality of the concession program and facilities
* Marketing services to promote the concession program and facilities
* Permitting services to obtain necessary permits and licenses
* Design and construction services to develop and improve concession facilities
* Daily management services to manage the concession program and facilities
* Operating expenses, including employee compensation, supplies, and equipment
* Concession revenues, including revenue from concessionaires and sponsors
* Capital improvements, including replacement, restoration, expansion, or improvement of existing concession facilities
* Audits and financial reporting, including maintenance of accurate and complete financial and accounting books, records, and reports.