Avis Rental Car Concession Agreement Extended
Capital Region Airport CommissionAirport Authority · Richmond, VA- Disclosed value
- Minimum Annual Guarantee FY2026: $1,101,406.87; FY2027 & FY2028: 85% of previous 12 months of concession fees paid
- From minutes
- Approved
- Jul 29, 2025
- Renews
- Free account
The 30-second brief
The Commission approved a three-year extension of Avis Car Rental’s concession agreement at Richmond International Airport effective July 1, 2025, including a FY2026 minimum annual guarantee of $1,101,406.87. Minimum guarantees for FY2027 and FY2028 will be calculated at 85% of prior concession fees.
Avis Car Rental holds this contract with Capital Region Airport Commission. Its other public contracts on record include work for Proud To Partner Leadership Hs and Glenbrook HSD 225.
The renewal date is on record. A free account shows it, with the renewals for every Capital Region Airport Commission contract.
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Contract details
- Amount
- Minimum Annual Guarantee FY2026: $1,101,406.87; FY2027 & FY2028: 85% of previous 12 months of concession fees paid
- Document date
- July 29, 2025
- Term
- Rental Car Concession Agreement Initial Lease Term: Three (3) Years; Extension Options: Two (2) one (1) year extensions; Commencement Date: July 1, 2025
- Renews
- Free account
- Vendor
- Avis Car Rental
- Source document
- capital-region-airport-commission-meeting-minutes-july-29-2025_d9f.pdf (Minutes)
Avis Car Rental's other public contracts
More Capital Region Airport Commission contracts
Questions about this contract
Who was awarded the government contract by Capital Region Airport Commission?
Avis 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: $1,101,406.87; FY2027 & FY2028: 85% of previous 12 months of concession fees paid.
How much is the Avis Car Rental contract with Capital Region Airport Commission worth?
The Avis Car Rental contract with Capital Region Airport Commission is valued at Minimum Annual Guarantee FY2026: $1,101,406.87; 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.
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What other contracts does Avis Car Rental hold?
Avis 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.
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.