The Payment for this contract is a combination of payment for service and the retention of stallholder fees.
1. Fee for Contractor, Stallholder and Entertainment Management delivery
This fee will be paid in three installments to cover the cost of paying all contractors to deliver the services listed in the Scope of Work.
LMCC will provide a list of the expectations for delivery of this element, including number, type and quality of product/service.
This fee has been calculated based on requirements to deliver the same events in 2025, with a CPI index added to cover potential increases in supplier pricing since 2025. Full details of this fee and the breakdown of items will be provided to you if you are the successful contractor.
Contractor payment instalments:
1. Payment 1 = 50% of the fee. To be invoiced in October 2026.
2. Payment 2 = 50% of the fee. To be invoiced in the week post event completion.
If the event goes ahead in its full capacity, and if the entire scope of work is executed to the satisfaction of LMCC, then any remaining funds from this fee which have not been spent, may be retained by the Event Management Contractor. Noting that it is not likely that there will be remaining funds.
The Event Management Contractor is not required to seek pre-approval for each quote; however, they must provide LMCC with sufficient detail about the supplier quality and delivery standards prior to confirming their service, to ensure the supplier meets the expected level of event delivery standards. Each supplier must have adequate insurance and cancellation policies. This will be communicated through regular online meetings.
2. Fee for Event Management planning and delivery
$12,000 + GST paid as soon as the contract is signed.
$6,000 + GST paid post event.
3. Retention of Stallholder Fees
- The Contractor shall retain all fees and charges collected from stallholders.
- Invoice and payment received from stallholders will be managed directly by The Contractor.
- The Contractor is required to charge stallholders at the rates prescribed by LMCC and adhere to the cancellation policy agreed upon at the time of appointment.
- Note LMCC will place a limit on the number of stallholders per site, based on site capacity and expected attendance.
- It is expected that there will be approximately 14 substantial food stalls, 9 snack/beverage stalls, and 5 market stalls at this event, equating to approximately $7725* + GST income.
- Click here to view major events (5000 or more) stallholder fees and charges.
*dependant on stallholder type, size, numbers, and space within the site plan stipulated by LMCC during the planning phase. Site space can vary each year dependent on the space requirements allocated to such things as sponsors and LMCC activations.