A university in Virginia is seeking proposals from vendors to provide a comprehensive parking system that incorporates advanced asset management and operational expertise. The ideal provider will bring proven private sector experience to ensure strategic and financial discipline, as well as offer world-class operational capabilities.

The project aims to allow the university to transfer certain operational risks to the vendor while retaining necessary controls over key decisions. Vendors should demonstrate the capacity to finance investments as required by the university and commit to performance-based contracting structured around key performance indicators (KPIs). Additionally, there is interest in solutions that could integrate with future transit or mobility strategies, supporting the institution's long-term transportation goals.