SINGAPORE. The Civil Aviation Authority of Singapore (CAAS) is preparing to make a decision on who will run the chocolate/candy/delicatessen concession at Singapore Changi Airport’s new low cost terminal due to open early next year.
The two bidders were Focus Network Agencies and King Power International (Hong Kong) which offered the following bids:
Focus: Additional rental of 5% of total monthly gross sales for sales of S$45,000pm and below; 8% of total monthly gross sales for sales above S$45,000pm up to S$65,000pm; 3% of total monthly gross sales plus a fixed MMG of S$7,000pm for sales above S$65,000pm up to S$75,000pm; 8% of total monthly gross sales plus a fixed MMG of S$7,000pm for sales above S$75,000pm up to S$110,000pm; 12% of total monthly gross sales plus a fixed MMG of S$7,000pm for sales above S$110,000pm.
King Power International (Hong Kong): Additional rental of 10% of total monthly gross sales or a fixed MMG of S$4,500pm for Year 1; S$5,000pm for Year 2; S$6,000pm for Year 3, whichever is higher.
The contract begins on 1 February 2006 and runs until 31 January 2009.
MORE STORIES ON THE CAAS AND CHANGI AIRPORT
CAAS unveils more retail and F&B tenders for Singapore Changi Airport – 11/10/05
CAAS issues two tenders for Low Cost Terminal at Singapore Changi Airport – 10/10/05
