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Indianapolis Office of the Controller·Indiana

Indianapolis Asset Inventory

Closes 6/6/2025$500k – $800kRequest for Proposal
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Description

The City of Indianapolis is seeking a vendor to conduct an asset inventory of city-owned properties along existing and planned Bus Rapid Transit (BRT) corridors. The goal of the project is to evaluate the current use of these assets and identify opportunities for alternative utilization, such as transit-oriented development, to enhance economic development and community connectivity. The selected vendor will be expected to analyze market trends, conduct financial feasibility studies, and provide recommendations for the optimal use of each asset. The project will involve collaboration with city agencies, stakeholders, and community groups to ensure that the asset inventory is comprehensive and informed by local perspectives. Key aspects of the project include: • Conducting an asset inventory of city-owned properties along BRT corridors • Analyzing market trends and conducting financial feasibility studies • Providing recommendations for the optimal use of each asset • Collaborating with city agencies, stakeholders, and community groups • Ensuring that the asset inventory is comprehensive and informed by local perspectives

Attached files

Contact

Jeff Eichelberger(Buyer)

[email protected]

317-327-4976

Key dates

Opened
5/27/2025
Questions due
5/14/2025
Closes
6/6/2025
Duration
24 months

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531110
Solicitation №
RFP-11EAL-206

Budget estimate

$500,000 – $800,000

The budget for this project is estimated to be around $852,280, which is the total project budget allocated by the U.S. Department of Transportation’s Innovative Finance and Asset Concession Grant Program (IFACGP). The selected vendor's payment will be a portion of this budget, depending on the scope of work and the vendor's proposed costs. The low end of the estimate is $500,000, and the high end is $800,000.

AI estimate from the solicitation

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