Notice of Award of a Concession Agreement in the borough of Manhattan M10-15-SB-2019
About This Opportunity
Award by Parks and Recreation (United States, environment & climate): Notice of Award of a Concession. Awarded to LPQ Sailboat Pond Inc. (USD 5.4M, Nov 2021).
This is a concession contract in the environment and climate sector. Located in United States, North America, this opportunity is open to firms and consortiums.
Published through NYC City Record, a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for concession in the environment and climate sector. Concession contracts involve the operation or management of public assets or services, typically requiring significant financial capacity and operational expertise. This contract has already been awarded. The information is published for transparency and market intelligence purposes.
Description
The City of New York Department of Parks & Recreation ('Parks') has awarded a concession to LPQ Sailboat Pond, Inc, of 50 Broad Street, 12th Floor, New York, New York 10004, for the renovation, operation and maintenance of an outdoor café and snack bar at the Conservatory Water in Central Park, Manhattan. The concession, which was solicited by a Request for Proposals, will operate pursuant to a license agreement for one (1) Fifteen (15) year term. Compensation to the City will be as follows: The higher of a minimum annual fee or the minimum annual fee plus 10% of Gross Receipts exceeding $1,000,000. The Minimum Annual Fee for each operating year is as follows: Year 1: $250,000; Year 2: $262,500; Year 3: $275,625; Year 4: $289,406; Year 5: $303,877; Year 6: $319,070; Year 7: $335,024; Year 8: $351,775; Year 9: $369,364; Year 10: $387,382; Year 11: $407,224; Year 12: $427,585; Year 13: $448,964; Year 14: $471,412; Year 15: $494,983
Agency: Parks and Recreation
Category: Services (other than human services)
Selection Method: Competitive Sealed Proposals
PIN: M10-15-SB-2019
Data provenance
This notice is sourced from NYC City Record and was originally published on November 18, 2021. Last refreshed 8 days ago. BidsFactory mirrors official procurement notices and links back to the source for full legal text.
About Parks and Recreation
Parks and Recreation has issued 1,716 procurement notices on BidsFactory, including 22 currently open and 1,053 awarded contracts. Activity concentrates in Construction & Civil Works, Environment & Climate, and Urban Development & Housing. Tenders span 2 countries including United States and Canada. Notices are distributed via NYC City Record, NYC Open Data, and Toronto Bids. Most recent publication: June 16, 2026.
Frequently asked questions about this tender
How can I submit a bid?
Visit NYC City Record to access the full notice, required documents, and submission instructions provided by the contracting authority.
Is this tender still open?
No — the contract has already been awarded to LPQ Sailboat Pond Inc.. The award notice is archived on BidsFactory for transparency and market intelligence.
Who is the contracting authority?
This notice was issued by Parks and Recreation in United States. The authority is responsible for evaluating bids, awarding the contract, and managing performance.
What type of contract is this?
This is a Concession contract in the Environment & Climate sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.
How much was the contract awarded for?
LPQ Sailboat Pond Inc. was awarded the contract for $5,394,641. The figure reflects the value disclosed by the contracting authority in the award notice.
Where will the contract be performed?
The contract is for delivery in United States. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.
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