123460-2025-SWB-06-1.pdf

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Real Estate Broker Services - Addendum 1: Responses to Questions
Solicitation number
123460-2025-SWB-06
Issued by
Orleans Parish, New Orleans City, Louisiana

About this file

This is Addendum No. 1 issued by the Sewerage & Water Board of New Orleans for RFP 2025-SWB-06 Real Estate Broker Services, with proposals due February 21, 2025, at 11:00 a.m. CST. The addendum provides responses to four questions from potential bidders regarding the solicitation.

The addendum clarifies that previously submitted notarized affidavits from prior solicitations are acceptable if the notary's commission is for life. No updates are available regarding the planned strategy for real estate purchases and leases for 2025 and the next 3-5 years, nor is there an estimated breakdown of property types to be acquired or leased. The document confirms that the previously established insurance requirements for Errors & Omissions coverage of $500,000 per occurrence and $1 million aggregate remain sufficient for this solicitation.

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The Sewerage & Water Board

OF NEW ORLEANS

625 ST. JOSEPH STREET

NEW ORLEANS, LA 70165

504.529.2837 OR 52.WATER

www.swbno.org

February 11, 2025

Addendum No. 1

Your reference is directed to the Request for Proposal for: 2025-SWB-06 Real Estate Broker Services for the Sewerage and Water Board of New Orleans which proposals are due on February 21, 2025, at 11:00 a.m. CST.

This addendum provides for the following:

a) Responses to Questions

1. Responses to Questions

A. Question: If we submitted for the prior solicitation for broker services and the notary's commission is for life, could we submit the same signed and notarized affidavits (Convicted Felon, Non-Solicitation, Non-Collusion and Conflict of Interest Disclosure)?

Answer: Yes.

B. Question: Is there an update on the planned strategy for real estate purchases and leases for 2025 and the next 3-5 years?

Answer: No.

C. Question: Is there an estimated breakdown of percentage of properties to be acquired or leased that would be residential versus commercial versus industrial?

Answer: No.

D. Question: In the prior solicitation, for Insurance Requirements, the SWB responded to a question regarding Errors & Omissions stating that $500K per occurrence and $1M aggregate in E&O is sufficient. Does this coverage amount still apply for the current solicitation?

Answer: Yes

The changes, additions, and/or deletions included herein are hereby made part of the solicitation documents for 2025-SWB-06 Real Estate Broker Services, as fully and completely as if the same were set forth therein. The bidder shall be responsible for having knowledge of all addenda issued for this RFP.

*** END OF ADDENDUM ***

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