Current lease is restrictive and is difficult to be flexible. In terms of how many operators, our experience now is with two, and we are recommending one, because we think that there will be benefits to that. We think that it is an over all, it enables the operator to be, there is the other side of it is can the operator be financially, viable, what happens if we have multiple operators and from the cases and the three wall and, 3221, and that operator then could be out of business, per se. And within, before the lease expires. But, all of them could be out of business before the lease expires, that is part of the contract, right . That is in the contract. Yes. True. We are not anticipating that. But, we, since we know of this project, and that was our thought, and it was how to make it incentivized for both parties and how to craft the agreement for both parties and that is what we feel this provide. Time does not unless prevent Financial Issues and so putting all of your eggs in one
Months and that may be something that have you know the over all Financial Condition of whoever is bidding, and i am wondering, if we have giving out the questions of whether we should have consolidation or whether we should. And i am wondering whether we should look to see not to open it up in terms of not saying that we would insist on one operator. But let it be more open in terms of the response from the market and then, try to decide, if, you know, we are going to satisfy some of the conditions that we need. To make this viable for the court, in other words, to be more flexible, rather than insist upon consolidation, with one operator. In terms of flexibility the current lease is restrictive and is difficult to be flexible. In terms of how many operators, our experience now is with two, and we are recommending one, because we think that there will be benefits to that. We think that it is an over all, it enables the operator to be, there is the other side of it is can the operator
The concern, and of the lbes, and what, but the vendors, that are in interviewed and are going to bring in a proposal, and they have already been vetted by the Human Resources and than any other city contract, they have to prove that they will have an lbe, right . That is part of the minimum bid of qualifications, right. Thank you. This is outside of 14 b and so it is a port requirement that the response ants come with an lbe partner and so it will go through the same process of a professional Services Contract or a construction contract where the contracts Monitoring Division will review that they have met the percentage as part of a minimum qualification to review the proposal. That is what i thought. And on the five Year Contract that makes a lot of sense. And it does worry me a little bit about the amount of security that the vendor has to put down, and in the form of cash, or a cashiers check, nonrefundable. That takes the small guy or the Small Business guy out of it . And i thin
Bidding, and i am wondering, if we have giving out the questions of whether we should have consolidation or whether we should. And i am wondering whether we should look to see not to open it up in terms of not saying that we would insist on one operator. But let it be more open in terms of the response from the market and then, try to decide, if, you know, we are going to satisfy some of the conditions that we need. To make this viable for the court, in other words, to be more flexible, rather than insist upon consolidation, with one operator. In terms of flexibility the current lease is restrictive and is difficult to be flexible. In terms of how many operators, our experience now is with two, and we are recommending one, because we think that there will be benefits to that. We think that it is an over all, it enables the operator to be, there is the other side of it is can the operator be financially, viable, what happens if we have multiple operators and from the cases and the three
And we are recommending one, because we think that there will be benefits to that. We think that it is an over all, it enables the operator to be, there is the other side of it is can the operator be financially, viable, what happens if we have multiple operators and from the cases and the three wall and, 3221, and that operator then could be out of business, per se. And within, before the lease expires. But, all of them could be out of business before the lease expires, that is part of the contract, right . That is in the contract. Yes. True. We are not anticipating that. But, we, since we know of this project, and that was our thought, and it was how to make it incentivized for both parties and how to craft the agreement for both parties and that is what we feel this provide. Time does not unless prevent Financial Issues and so putting all of your eggs in one basket as all sorts of risks as well as if you diversify. Right, that is a good point. Yes. And it is what i understand, you a