Civic IQ
OTHERAPPROVED

Budget Car Rental Airport Concession Extended

The Commission approved a three-year extension of Budget Car Rental’s concession at Richmond International Airport starting July 1, 2025, with a FY2026 minimum annual guarantee of $1,420,382.92. Future minimum guarantees will be 85% of the prior 12 months’ concession fees.

Document date · July 29, 2025

Issuing agencyCapital Region Airport CommissionVendorBudget Car Rental

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Minimum Annual Guarantee FY2026: $1,420,382.92; FY2027 & FY2028: 85% of previous 12 months of concession fees paid
Contract type
OTHER
Contract term
Rental Car Concession Agreement Initial Lease Term: Three (3) Years; Extension Options: Two (2) one (1) year extensions; Commencement Date: July 1, 2025
Renewal date
2028-06-30
Renewal
Three-year concession from July 1, 2025, with two optional one-year extensions and performance-based minimum guarantees.
Document type
Minutes
Source document
capital-region-airport-commission-meeting-minutes-july-29-2025_d9f.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Capital Region Airport Commission?

Budget Car Rental was awarded this government contract by Capital Region Airport Commission, as recorded on July 29, 2025. The contract value is Minimum Annual Guarantee FY2026: $1,420,382.92; FY2027 & FY2028: 85% of previous 12 months of concession fees paid.

How much is the Budget Car Rental contract with Capital Region Airport Commission worth?

The Budget Car Rental contract with Capital Region Airport Commission is valued at Minimum Annual Guarantee FY2026: $1,420,382.92; FY2027 & FY2028: 85% of previous 12 months of concession fees paid.

What type of contract is this?

This is a government contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in capital-region-airport-commission-meeting-minutes-july-29-2025_d9f.pdf (Minutes), dated July 29, 2025 from Capital Region Airport Commission. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Budget Car Rental hold?

Budget Car Rental may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Budget Car Rental's profile

What is Capital Region Airport Commission currently buying?

Explore Capital Region Airport Commission's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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