Metropolitan Washington Airports Authority (MWAA) Awards Food Services Contract to Smarte Carte Inc (January 2021)
Metropolitan Washington Airports Authority (MWAA)Airport Authority · Arlington, VA- Disclosed value
- Percentage fee of 25% of annual gross receipts in Year 1; Year 2 and beyond: greater of MAG ($500,000 in Year 2; thereafter 85% of prior year’s gross receipts) or 25% of annual gross receipts; approximately $3.5M in new revenue and avoidance of $6.3M in operating costs over the term
- From resolution
- Approved
- Jan 27, 2021
The 30-second brief
The Metropolitan Washington Airports Authority approved a sole source concession contract with Smarte Carte Inc. to operate baggage cart services at Reagan National and Dulles International Airports. The five-year agreement, with two one-year options, features a percentage-of-gross receipts fee and minimum annual guarantees, converting the service to a revenue-generating model while avoiding significant operating costs.
Smarte Carte Inc holds this food services contract with Metropolitan Washington Airports Authority (MWAA). Its other public contracts on record include work for Broward County Mosquito Control and Broward County.
Term as filed: Five-year base term with two, one-year option periods.
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Contract details
- Contract type
- Food Services
- Amount
- Percentage fee of 25% of annual gross receipts in Year 1; Year 2 and beyond: greater of MAG ($500,000 in Year 2; thereafter 85% of prior year’s gross receipts) or 25% of annual gross receipts; approximately $3.5M in new revenue and avoidance of $6.3M in operating costs over the term
- Document date
- January 27, 2021
- Term
- Five-year base term with two, one-year option periods
- Vendor
- Smarte Carte Inc
- Source document
- award_sole_source_contract_for_baggage_cart_servic.pdf (Resolution)
Smarte Carte Inc's other public contracts
More Metropolitan Washington Airports Authority (MWAA) contracts
Questions about this contract
Who was awarded the food services contract by Metropolitan Washington Airports Authority (MWAA)?
Smarte Carte Inc was awarded this food services contract by Metropolitan Washington Airports Authority (MWAA), as recorded on January 27, 2021. The contract value is Percentage fee of 25% of annual gross receipts in Year 1; Year 2 and beyond: greater of MAG ($500,000 in Year 2; thereafter 85% of prior year’s gross receipts) or 25% of annual gross receipts; approximately $3.5M in new revenue and avoidance of $6.3M in operating costs over the term.
How much is the Smarte Carte Inc contract with Metropolitan Washington Airports Authority (MWAA) worth?
The Smarte Carte Inc contract with Metropolitan Washington Airports Authority (MWAA) is valued at Percentage fee of 25% of annual gross receipts in Year 1; Year 2 and beyond: greater of MAG ($500,000 in Year 2; thereafter 85% of prior year’s gross receipts) or 25% of annual gross receipts; approximately $3.5M in new revenue and avoidance of $6.3M in operating costs over the term, covering food services work.
What type of contract is this?
This is a Food Services contract, documented as a resolution record.
Where was this contract approved?
This contract appears in award_sole_source_contract_for_baggage_cart_servic.pdf (Resolution), dated January 27, 2021 from Metropolitan Washington Airports Authority (MWAA). Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Smarte Carte Inc hold?
Smarte Carte Inc 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 Metropolitan Washington Airports Authority (MWAA) currently buying?
Explore Metropolitan Washington Airports Authority (MWAA)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.