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Virgin Islands Housing Finance Authority·U.S. Virgin Islands

The Residences at 340 North (Phase I) – Prequalification of Contractors for Vertical Residential Construction

Closes 6/14/2026$4.4M – $11MRequest for Qualification
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Description

The Residences at 340 North is a multi-phase residential development consisting of approximately 80 residential units, including townhomes and single-family homes, along with all supporting infrastructure. Phase I of the project includes the construction of approximately twenty-two (22) two-story townhome units, together with all associated infrastructure, utilities, and site improvements necessary to support both the initial phase and future development. A.C. Development is seeking qualified contractors to support the construction of The Residences at 340 North (Phase I). The selected contractors will be invited to participate in a subsequent Invitation for Bid (IFB) or Request for Proposal (RFP) for Package B, Vertical Residential Construction. • The project is located in Estate St. Joseph and Rosendahl, St. Thomas, U.S. Virgin Islands. • The construction shall be based on A.C. Development’s approved construction drawings. • Respondents will be evaluated based on relevant vertical construction experience, technical capability, key personnel, financial capacity, quality control and past performance, and experience with federally funded projects. • A Mandatory Pre-Proposal Conference and Optional Site Visit will be held on May 29, 2026, at 10:00 AM AST. • All questions concerning this RFQ must be submitted in writing through the IonWave e-Procurement System no later than May 31, 2026, at 11:59 PM AST.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Lindeon Davis

Key dates

Opened
5/15/2026
Questions due
5/31/2026
Pre-bid meeting
5/29/2026Mandatory
Site visit
5/29/2026
Closes
6/14/2026

Last updated

Details

Type
Request for Qualification
Industry
Construction
NAICS
236116
Solicitation №
2026-RFQ-ACDEV-002

Budget estimate

$4,400,000 – $11,000,000

The budget for this project can be estimated based on the scope of work and the average cost of constructing residential units in the U.S. Virgin Islands. The project involves the construction of approximately 22 two-story townhome units, along with associated infrastructure, utilities, and site improvements. Assuming an average cost of $200,000 to $500,000 per unit, the total construction cost for Phase I could range from $4.4 million to $11 million. However, this is a rough estimate and may vary depending on various factors such as labor costs, material prices, and site-specific requirements. The low end of the estimate is $4,400,000, and the high end is $11,000,000.

AI estimate from the solicitation

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