C-101678 RFP 24-24 On-Call Commercial Real Estate Support Services

This contract is for on-call commercial real estate support services, including representing the City as a purchaser or seller, lessor or lessee of real estate, marketing, sales and leasing of City properties, and analysis and research. The contract has a maximum compensation of $200,000 and is for a term of 5 years. The City may use local, state, or federal dollars for these services. The contract includes a fee schedule with commission-based guidelines for sales, acquisitions, lease and sublease assignments, buy-out negotiations, and lease renewals/restructuring. The contract also includes requirements for insurance, warranties, and non-discrimination. Key aspects of the contract include: • The scope of work includes representing the City in real estate transactions, marketing, sales, and leasing • The contract has a maximum compensation of $200,000 • The term of the contract is 5 years • The City may use local, state, or federal dollars for these services • The contract includes a fee schedule with commission-based guidelines • The contract requires the vendor to obtain and maintain insurance, including liability insurance and workers' compensation insurance • The contract includes warranties for products and services, including a one-year warranty for defects or faulty workmanship • The contract prohibits discrimination and requires affirmative action to ensure equal employment opportunity