Three compete for Changi watches tender

Dermot Davitt

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Dufry Group, King Power International (Hong Kong) and Richburgh Holdings vie for the business at terminal one west

Dufry Singapore, King Power International (Hong Kong) and Richburgh Holdings are the three bidders competing for the pivotal watches concession at Singapore Changi airport terminal one west. The contract begins on November 1.

Dufry's financial offer of a flat monthly rate puts it in a strong position. It offered 10% of gross monthly sales or a minimum monthly guarantee of S$410,830 ($246,000), whichever is higher.

King Power offered 10% of sales or a minimum of S$274,000 ($164,000) in year one, S$288,000 ($167,700) in year two and S$303,000 ($181,400) in year three of the contract.

Richburgh offered 10% of sales or a minimum of S$380,999 ($228,100) in year one, S$370,999 ($222,200) in year two and S$360,999 ($216,700) in year three.

Meanwhile the Civil Aviation Authority of Singapore has called tenders for a wine concession in Changi terminal two. The business is currently operated by DFS Group, which operates the adjacent liquor and tobacco concession. The wine contract runs from December 1 this year to November 30 2008. The deadline for submissions is September 14.