How Long Are The Terms For Concession Contracts?

1.	How Long Are The Terms For Concession Contracts?
Answer» Generally, concession CONTRACT terms are five to ten years. However, capital improvement requirements may warrant a longer term up to 30 years for MARINA operations and 50 years for lodging as provided for in STATUTE. Any other contract terms over 20 years require special LEGISLATION. Generally, concession contract terms are five to ten years. However, capital improvement requirements may warrant a longer term up to 30 years for marina operations and 50 years for lodging as provided for in statute. Any other contract terms over 20 years require special legislation.

Answer»

Generally, concession CONTRACT terms are five to ten years. However, capital improvement requirements may warrant a longer term up to 30 years for MARINA operations and 50 years for lodging as provided for in STATUTE. Any other contract terms over 20 years require special LEGISLATION.

Generally, concession contract terms are five to ten years. However, capital improvement requirements may warrant a longer term up to 30 years for marina operations and 50 years for lodging as provided for in statute. Any other contract terms over 20 years require special legislation.

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