Common use of Concession Agreement Clause in Contracts

Concession Agreement. The awarded party shall enter into a concession agreement within thirty (30) days from receipt of a Notice of Award in the form attached to this RFP as Exhibit B (the “Concession Agreement”). Issues regarding the Concession Agreement terms should be raised prior to the submission of proposals, and if the Airport determines that a provision is in need of inclusion, deletion or amendment, an addendum will be issued to all potential proposers. If a proposer takes exception to any non-material provision(s) of the proposed Concession Agreement, the proposer must identify with specificity in its response the provision to which exception is taken, the basis for the exception, and the RFP respondent’s proposed alternative language or provision to address that exception, by providing a redlined copy of the Concession Agreement. Any exceptions or changes not so identified in the RFP response will be deemed waived.