Accession Number:

ADA310275

Title:

Concessions Contracting: DoD Military Exchange Services' Rates of Return.

Descriptive Note:

Corporate Author:

GENERAL ACCOUNTING OFFICE WASHINGTON DC GENERAL GOVERNMENT DIV

Personal Author(s):

Report Date:

1996-05-01

Pagination or Media Count:

8.0

Abstract:

This report is to provide information on concessions contracting in the Department of Defenses DOD three military exchange services. It was determined that 1 the extent of centrally managed concessions operations in DODS military exchange services, 2 the rate of return from centrally managed concessions operations and factors that affected the rate of return, and 3 how the exchange services rates of return compared to other agencies or governments rates of return from concessions. The 3 DOD exchange services reported 27 centrally managed concessions agreements in effect during fiscal year 1994. Concessions are generally businesses that use a governments property to provide services to the general public or specific individuals and share the profits with the government. The centrally managed concessions for DODs exchanges are contracts that are negotiated and procured at the headquarters level. The reported gross revenues from these concessions were 273.5 million in fiscal year 1994. Concessioners paid the exchange services a reported 57.7 million from their concessions revenues, for an overall rate of return of 21.1 percent.

Subject Categories:

  • Economics and Cost Analysis
  • Government and Political Science
  • Personnel Management and Labor Relations

Distribution Statement:

APPROVED FOR PUBLIC RELEASE