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  5. ›RFP 2018-06 - Real Estate & Construction Project…

Awarded contract·Covered California·California

RFP 2018-06 - Real Estate & Construction Project Management Advisory Services

Won by CBRE, Inc.$750kAwarded 11/1/2018Single Award
Contract source

Awarded vendors

  • CBRE, Inc.

Description

This contract awards CBRE, Inc. the role of on‑call advisor to provide comprehensive real‑estate and construction‑project‑management services for Covered California. The contractor will assist with strategic planning, site selection, economic‑incentive analysis, tenant‑representation, construction‑management of tenant improvements and capital‑improvement projects, and the creation of an internal real‑estate management unit. The work is performed under a two‑year base period (with a possible two‑year extension) and is paid on a time‑and‑materials basis, subject to a $500 k ceiling for the first two years. Key points include: • Scope covers advisory, planning, due‑diligence, lease negotiations, and construction‑management for multiple existing and future facilities in Sacramento, Rancho Cordova, Fresno, Oakland, and Los Angeles. • Minimum vendor qualifications require extensive recent experience in commercial real‑estate, strategic planning, tenant‑improvements, and capital‑improvement projects. • Evaluation is weighted 60 % technical and 40 % cost, with small‑business and DVBE preferences available but not mandated.

Attached files

Key dates

Bids closed
10/19/2018
Intent to award
11/1/2018
Awarded
11/1/2018
Contract modified
9/21/2018
Starts
12/1/2018
Ends
11/30/2020Renews
Duration
2 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
541618
Solicitation №
RFP 2018-06

Contract value

$750,000

The solicitation caps Phase 1 (the first two years) at $500,000 and indicates an estimated annual funding of roughly $250,000. Since the contract may be extended for an additional two years, the total potential spend could approach $1,000,000, but the final phases would be re‑solicited if that threshold is exceeded. Given the typical cost‑plus nature of advisory services and assuming the award will stay at the Phase 1 ceiling, a reasonable ballpark is midway between the minimum and maximum – about $750,000 for the full possible term (including the optional extension). This estimate reflects the $500 k ceiling for the base period plus an assumed $250 k for a one‑year extension, acknowledging that actual spend could be lower if the extension is not exercised.

AI estimate from the award documents

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