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City of Cedar Rapids·Iowa

Multifamily & Mixed Use Pro Forma

Closes 9/30/2026$50k – $150kRequest for Proposal
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Description

The City of Cedar Rapids Economic Development Department is seeking a qualified consultant to prepare detailed pro‑forma financial models for multifamily and mixed‑use development projects within the city. The scope includes gathering market data, projecting development costs, revenue streams, financing structures, and sensitivity analyses to support the City’s planning and incentive decisions. Proposals must be submitted electronically via the City’s E‑Procurement portal by September 30, 2026. The consultant must comply with all applicable ADA, OSHA, EPA, and local regulations, and agree to the City’s standard contract terms, including accelerated pay discounts and indemnification clauses. • Deliver a comprehensive pro‑forma model for each project type (multifamily, mixed‑use). • Provide market research, rent roll assumptions, construction cost estimates, and financing scenarios. • Include sensitivity analysis (e.g., rent, vacancy, construction cost variations). • Ensure all deliverables meet 2010 ADA Standards and other regulatory requirements. • Submit all documentation electronically; no hard‑copy or fax submissions accepted.

Attached files

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

Contact

Megan Snitkey

[email protected]

(319) 286-5137

Key dates

Opened
9/2/2026
Questions due
9/16/2026
Closes
9/30/2026

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541618
Solicitation №
PUR0826-047

Budget estimate

$50,000 – $150,000

The solicitation does not disclose a budget. Based on typical market rates for comprehensive multifamily and mixed‑use pro‑forma development studies (often $0.10–$0.30 per square foot of projected building area, or flat fees ranging from $50,000 to $150,000 for medium‑sized projects), a reasonable estimate for this contract would fall between $50 K and $150 K. The final amount will depend on the number of projects, depth of analysis, and any accelerated‑pay discounts the City may award.

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