2026 RIOC RFP for Real Estate Advisory and Consulting Panel.pdf

Roosevelt Island Operating Corporation of the State of New York

Request for Proposals RFP Panel for Real Estate Advisory and Consulting Services -

August 2026

Schedule of Events Event Date

Publication Date August 17 , 2026 9:00 AM Request for Information Cutoff Date August 28, 2026 3:00 p.m.

Request for Information Response Posting September 3, 2026 3:00 p.m.

Due Date September 9, 2026 11:00 a.m.

Interview Schedule TBD Anticipated Award End of September, 2026

IMPORTANT NOTICE: A restricted period under the Procurement Lobbying Law is currently in effect for this Request for Proposals (RFP). Bidders are prohibited from contact related to this procurement with any New York State employee other than the designated contacts as described in this Request for Proposals.

*RFP proposals are due on or before September 9, 2026 at 11:00 A.M. EST. Proposals submitted past this deadline will not be accepted.

RFP Panel for Real Estate Advisory and Consulting Services - August 2026

Purpose of This RFP

Roosevelt Island Operating Corporation (hereinafter “RIOC” or “Authority”) is seeking to engage a panel of pre-qualified real estate advisors and/or consultants with expertise advising on sophisticated real estate matters in New York City. A detailed description of the work to be performed is set forth in the “Scope of Work” attached to this RFP as Exhibit 1 (the “Work”). RIOC is seeking advisors and consultants with demonstrated experience in one or multiple areas of the Work set forth in the Scope of Work, but generally, selected advisors and consultants will provide RIOC with real estate advisory and/or consultant services on an “on-call” basis (collectively the “Real Estate Advisory and Consulting Services.”) Respondents, as defined below, are not required to be able to provide all of the categories of services listed on Exhibit 1 (each, a “Category”) and are encouraged to submit responses covering one, some or all Categories, as applicable.

“Respondent” shall mean a prospective vendor, inclusive of a Bidder or Proposer, that submits a response to a Solicitation.

Once panel members are selected through this RFP, RIOC will issue a purchase order for specific work, or a mini bid within the panel, where RIOC would direct a specific solicitation to the pre-qualified Respondent s on the panel to expedite certain projects that are deemed time sensitive.

Neither the submission of a response to this Request for Proposal (“RFP”) by any entity nor the acceptance of such response by RIOC will obligate RIOC in any manner whatsoever. RIOC reserves the right to accept or reject any or all proposals received in response to this RFP. Legal obligations will only arise upon execution of a formal agreement by RIOC, and the Respondent(s) selected by RIOC.

The following are Categories of Work:

(1) Land Use

(2) Municipal/Government Entity Representation

(3) Real Estate and Landlord/Tenant

(4) Ground Lease Valuation and Reset Advisory

(5) Island Services and Revenue Strategy Advisory:

(6) Negotiation Support and Strategy

(7) Strategic Real Estate Advisory

(8) Environmental

(9) Public Finance

Additional information regarding the scope of the Real Estate Advisory and/or Consultant Services is set forth in the Scope of Services, attached hereto as Exhibit 1. Respondent(s) may submit Proposals to provide Advisory and Consulting Services in one or multiple practice areas, but may only submit one (1) Proposal, which should clearly identify the practice areas for which the Respondent seeks to be considered.

The purpose of this RFP is to identify a panel of pre-qualified real estate Advisory and Consulting Respondent s that would be capable to represent RIOC in Real Estate matters from time to time. Inclusion on the panel for Real Estate Advisory and Consulting Services does not mean or imply that any Respondent will in fact be selected or engaged to provide Advisory and/or Consulting Services to RIOC. Such selection and engagement will take place only when a need for outside Advice or Consulting arises. The purpose of the panel is to procure Real Estate Advisory and Consulting Services available for engagement on short notice.

Any Respondent, including those currently providing services to RIOC, must submit a Proposal if they wish to be pre-qualified to provide paid Real Estate Advisory and/or Consultant Services to RIOC for new matters.

After RIOC’s selection and engagement of a real estate consultant Respondent or Respondent s, the successful contractor (the “Consultant”) is expected to provide all personnel, materials and equipment, and perform all scope of work items, as indicated in the Scope of Services.

Neither the submission of a response to this RFP by any entity nor the acceptance of such response by RIOC will obligate RIOC in any manner whatsoever. RIOC reserves the right to accept or reject any or all Proposals received in response to this RFP. contractual obligations will only arise upon execution of a formal contract by RIOC and the entity/entities selected by RIOC.

Organizational Background RIOC was created by New York State legislature in 1984 and charged with the duty to develop, operate and manage Roosevelt Island. To date, these broad goals have furthered the Advisory of fifteen residential complexes that provide approximately a total of 5,900 units of housing to Roosevelt Island residents, which total includes the Island’s thriving mixed-income community. The Island’s 147 acres supports a population of approximately 12,000 residents. The Corporation operates an Aerial Tramway, an on-Island bus service, and maintains a safe environment for the Island’s residents, workers and visitors. As part of its mission, the Corporation has strived to enhance the quality of life by promoting public facilities, open spaces and commercial facilities including the noted Aerial Tramway, sanitary and safety departments, pedestrian walkways, recreational activities, open spaces, and a street system, as well as a variety of storefronts along the Island’s Main Street. Recreational activities available in the Sportspark recreational facility include a swimming pool, full-size basketball court, ping pong room, and weight room. Open recreational spaces include Lighthouse Park, Octagon Soccer Field, Octagon Pony Field, Capobianco Field, Firefighters Field and Southpoint Park .

RIOC currently employs approximately 161 employees, including approximately 73 union employees pursuant to three collective bargaining agreements (Local 210, Local 32BJ, and PSOBA).

RFP Key Points

• Read the RFP in its entirety. Note key items such as: critical dates, qualifying and mandatory requirements, services required, and proposal packaging requirements.

• Only correspond with the “Designated E-mail Contact For Respondent(s).” Note the name and e-mail address of the “Designated Contact(s),” i.e., the only individual(s) you are allowed to contact regarding this RFP — as specified in the “Instructions to Respondent(s)”.

• Check the RIOC website often. All amendments, clarifications, Respondent(s) questions with RIOC responses, along with any announcements relating to this bid will be posted on RIOC’s web site at https://www.rioc.ny.gov/info/rfps-and-bids

It is the Respondent(s)’ responsibility to check RIOC’s website periodically for any updates. All applicable amendment information must be incorporated into the Respondent’s Proposal. Failure to include this information in your Proposal may result in disqualification or a reduced technical score.

• Take advantage of the question and answer period. Submit your questions to the Designated Contact by the date listed in the Schedule of Events.

• Provide complete answers/descriptions. Respondent Proposals must completely address all qualifying and mandatory requirements. To ensure you are not disqualified from the bid evaluation process, thoroughly read all proposal requirements and provide complete responses.

https://www.rioc.ny.gov/info/rfps-and-bids https://www.rioc.ny.gov/info/rfps-and-bids

• Review the RFP document and your Proposal. Make sure all requirements are addressed and all copies are identical and complete.

• Package your Proposal as specified in the RFP. Make sure your Proposal conforms to the packaging requirements.

Proposals not packaged accordingly may be deemed non-responsive leading to disqualification of the bid.

• Submit your Proposal on time. Proposals received after the date and time listed in the Schedule of Events will not be considered for award except as indicated in section titled “NYS Reserved Rights” and may be returned, unopened, to the sender.

General Information/Requirements about this RFP Term and Commencement of Services

RIOC seeks the aforementioned Pre-Qualified Panel for Real Estate Advisory and/or Consultant Services for a contract term of five (5) years, with an optional five (5) year renewal, at the sole discretion of RIOC. When awarded the contract, the attached consultant services agreement will be presented to the selected contractor for execution. If the selected contractor fails or refuses to perform the services as described in the Bid Package, RIOC may terminate the selected contractor’s services in accordance with Section 7 - Termination of RIOC’s Standard Form of Contract for Services annexed hereto as Exhibit 3. Respondent(s) are encouraged to review this document prior to submitting proposals as the successful Respondent will be required to execute this standard contract.

The anticipated contract commencement date is End of September 2026 upon prior Board approval.

Restricted Period

As provided in the Lobbying Form appended to this RFP at Attachment D, a Respondent is restricted from making contacts from the earliest notice of intent to solicit offers through final award and approval of the contract. Helpful background and guidance related to legislative requirements imposed upon an Respondent/Respondent may be found in Attachment D, as well as the Instructions to Respondent(s) included below.

Accordingly, interested parties shall only contact the Designated Contact, Amy Firestein, Director of Procurement, by email only ( rfpbids@rioc.ny.gov ).

Registered Intent to Bid

As stated in the “RFP Key Points,” it is the Respondent(s)/Respondent(s) responsibility to check RIOC’s website for any addenda and to include such addenda with their proposals. For those Respondent(s)/Respondent(s) electing to register their intent to bid, RIOC will make reasonable attempts to notify each registered Respondent/Respondent of posted addenda or changes in the bid document for the specific project registered. Respondent(s) may register their intent to bid for this RFP by sending an e-mail to the Designated E-mail Contact for Respondent(s) by the Request for Information Cutoff Date outlined in the “Timeline for RFP,” below. Please provide your e-mail address, name of registering business entity, and name of the authorized contact within the body of the e-mail.

Submissions

Information submitted as attachments/appendices to the proposal should specifically support elements considered in the Proposal Evaluation Criteria (see below “Proposal Evaluation Criteria”). Attachment/Appendix material may include curriculum vitae and/or resumes of staff that will be assigned to this project. Elaborate brochures, reproduced copies, or printouts of standard manuals or sales literature may not be substituted for the required proposal narratives and responses, but may be included in appendix material as a sample to further exemplify the narrative and response (i.e., responses such as “see attachment” or “see appendix” are not sufficient). New York State Tax Law §5-a.

New York State Department of Taxation and Finance – Section 5-a of the Tax Law, as amended, effective April 26, 2006, requires certain contractors awarded state contracts for commodities, services and technology valued at more than mailto:rfpbids@rioc.ny.gov

$100,000 to certify to the Department of Tax and Finance (“DTF”) that they are registered to collect New York State and local sales and compensating use taxes. The law applies to contracts where the total amount of such contractors’ sales delivered into New York State are in excess of $300,000 for the four quarterly periods immediately preceding the quarterly period in which the certification is made, and with respect to any affiliates and subcontractors whose sales delivered into New York State exceeded $300,000 for the four quarterly periods immediately preceding the quarterly period in which the certification is made.

Respondent(s) MUST complete and submit Contractor Certification Form ST-220-TD directly to the New York State Taxation and Finance (see http://www.tax.ny.gov/pdf/current_forms/st/st220td_fill_in.pdf). Unless the information upon which the ST-220-TD is based changes, this form only needs to be filed once with DTF. If the information changes for the contractor, its affiliate(s), or its subcontractor(s), a new form (ST-220-TD) must be filed with DTF.

Further, where the amount of the contract is expected to exceed $100,000 all respondents must include a properly completed Form ST-220-CA (see http://www.tax.ny.gov/pdf/current_forms/st/st220ca_fill_in.pdf). However, if a vendor is not registered with DTF due to a lack of sales of over $300,000 within the relevant period, the vendor must submit an affidavit certifying the same. It is important to note that Section 5-a does not apply to contracts for architectural, engineering or surveying services. If in doubt, respondents should contact the Department of Tax and Finance after having reviewed DTF Publication 223 (http://www.tax.ny.gov/pdf/publications/sales/pub223.pdf).

Contractor MUST complete and submit form ST-220-CA to RIOC (see http://www.tax.ny.gov/pdf/current_forms/st/st220ca_fill_in.pdf), certifying that the contractor filed the ST-220-TD with DTF. Failure to make either of these filings may render an Respondent/Respondent non-responsive and non-responsible.

Respondent(s) shall take the necessary steps to provide properly certified ST-220-CA forms to RIOC with their bid as applicable. Further in accordance with the requirements of Section 5-a, any contract resulting from a solicitation will require periodic updating of the certifications contained in Form ST-220-CA.

Scope of Services

RIOC is a New York State Public Benefit Corporation that operates and develops Roosevelt Island. RIOC seeks qualified counsel to advise, assist and represent RIOC (on an as needed basis) on matters pertaining to, inter alia, those subject matters listed in the above section entitled “Purpose of This RFP”, all of which are further described in Exhibit 1.

INSTRUCTIONS TO RESPONDENTS

Exhibit 5 outlines specific insurance coverages that the successful Respondent will be required to obtain.

Proposal Format and Required Attachments:

Respondents should take into account all items requested in the Scope of Services, References, Timeline, Instructions to Respondent(s), and all other pertinent sections of this RFP, when submitting a proposal.

Respondents MUST submit one (1) original with all documents required to be signed in ink and two (2) copies of the proposal including any and all forms and attachments. Proposals should be indexed clearly marking the different items included in Part A and B below.

Each Respondent MUST submit a USB containing the complete submission in PDF format along with the number of hard copies specified above. The inclusion of the required USB without also submitting the required printed copies will not be considered a timely submission and Respondent(s) will be disqualified for doing so.

A. Cover Letter

Each Respondent MUST submit a cover letter containing a description of the services and the names of Respondent members to be assigned to the account, the experience of the Respondent and its members, in representing RIOC in Respondent’s selected subject matters, and the hourly rates applicable to the Respondent members (indicating whether such rates are discounted as a “state rate” for public entities, whether the Respondent is willing to waive “travel time” to/from Roosevelt Island, and any number of hours the Respondent is willing to waive as “start-up,” learning curve, time). Additionally, please provide any samples of materials produced by the Respondent used to educate clients on advisory matters and related issues. Incumbent Respondent s should indicate whether they are willing to continue working on pending matters at or below original rates. Proposals will be evaluated based on experience, resources, approach and price (hourly rate). Qualified Respondent s should have, inter alia, a working knowledge of the following subject matters:

(1) Land Use

(2) Municipal/Government Entity Representation

(3) Real Estate and Landlord/Tenant

(4) Ground Lease Valuation and Reset Advisory

(5) Island Services and Revenue Strategy Advisory:

(6) Negotiation Support and Strategy

(7) Strategic Real Estate Advisory

(8) Environmental

(9) Public Finance

TO EXPAND UPON THE AFOREMENTIONED COVER LETTER REQUIREMENTS, REVIEW THE FOLLOWING:

1. Questions and Information Sought Relating to the Services

(i) Indicate which of the relevant practice areas your Respondent is interested in serving as advisor and/or consultant for RIOC. For each practice area, provide a description of your Respondent ’s relevant experience in providing the Real Estate Advisory and/or Consultant Services as described in the Scope of Services attached as Exhibit 1. Please include a brief description of representative matters, along with your Respondent ’s role in those matters.

(ii) Briefly describe your Respondent ’s background, services, size, and history, as these factors are relevant to the Real Estate Advisory and/or Consultant Services.

(iii) Identify ”Key Personnel” who will be the primary contact and key personnel in providing services to RIOC, and who will be listed as a “key person” in any contract with RIOC. If proposing to provide services across more than one practice area, provide a lead contact for each practice area.

(iv) Indicate whether services have been provided previously to RIOC, or any other New York State, local or federal entities. If so, list and describe any and all work performed including (a) the date(s) such work was performed, (b) the entity for which such work was performed, and (c) the area of expertise for the work performed.

(v) Please describe your Respondent ’s experience with similar work for any other public sector clients outside of those listed in your response to question 4, above.

(vi) If the respondent is a State-certified MWBE or SDVOB Respondent, provide documentation evidencing certification. Respondent s that are not certified, but have applied for certification, should provide evidence of filing, including the filing date.

2. Questions and Information Sought Relating to Respondent’s Respondent & Eligibility

(i) Within the past three (3) years, have there been any significant developments in your Respondent such as changes in ownership or restructuring? Do you anticipate any significant changes in the near future? If so, please describe.

(ii) How does your Respondent identify and manage conflicts of interest?

(iii) Are there any potential conflict of interest issues posed by your Respondent ’s performance of the Services on behalf of RIOC?

(iv) Has your Respondent or have any of the Respondent ’s partners/employees been disciplined or censured by any regulatory body within the last five (5) years? If so, please describe the relevant facts and disposition.

(v) Within the last five (5) years, has your Respondent, or a partner or employee in your Respondent, been involved in litigation or other legal proceedings relating to the provision of professional services? If so, please provide an explanation and the current status or disposition of the matter.

(vi) List any professional or personal relationships your Respondent ’s employees may have with RIOC’s Board Members and/or employees. This does not include contacts Respondent has had with RIOC Board Members or employees relating to Respondent’s past or present representation of RIOC in a legal matter. A list of RIOC Board Members and employees is attached as Exhibit 4.

(vii) If selected, will your Respondent assign any person to this engagement who was previously an employee of RIOC? If so, please: i) identify when (month and year) that person’s employment at RIOC terminated, and ii) describe that person’s involvement, if any, with matters related to this RFP during his/her employment at

RIOC.

(viii) In the past five (5) years, have any public sector clients terminated their working relationship with your Respondent? If so, please provide a brief statement of the reasons. Provide the name of the client and provide a contact person, address and telephone number.

B. References

• Respondent shall provide a minimum of three (3) references that are using services of the type proposed in this RFP.

• Respondent shall provide the company or agency name, the location where the services were provided, contact person(s), customer telephone number, a complete description of the services performed, and dates the services were provided.

• RIOC reserves the right to use any information, including additional references deemed necessary to determine respondent’s ability to perform the conditions of the contract.

Negative references may be grounds for proposal disqualification.

C. Attachments

1. Attachment A: Each Respondent MUST include a Non-Collusive Proposal Certificate, Non Collusive Affidavit and a notarized Acknowledgement by Respondent form.

2. Attachment B: Bid Proposal Form. The Bid Proposal Form Document should specify the financial compensation model for the Respondent. If it will be billed by the hour, then include the hourly rates for categories of team members. Attachment C: M/WBE Utilization Documents – As a NYS Public Benefit Corporation, RIOC encourages the participation of minority and women-owned businesses in all contracts. For the purposes of this solicitation, utilization goals of 30% minority owned business and women-owned business have been established, resulting in a total M/WBE utilization goal of 30%.

Only entities certified as M/WBEs by the Empire State Development Corporation will be considered toward the utilization goals. Respondent(s) are required to submit a Utilization Plan, on the form provided, indicating the percentage of the contract that will be fulfilled by M/WBE participants, whether as prime Respondent(s),), or suppliers. Any requests for waivers must be submitted on the proper form with appropriate reasoning and/or documentation to substantiate a waiver request.

The following M/WBE Utilization Documents are included in Attachment C:

• Contractor Requirements and Procedures for Business Participation Opportunities for New York State Certified Minority-and-Women-Owned Business Enterprises and Equal Employment Opportunities for Minority Group Members and Women

• M/WBE 100: Minority and Women-Owned Business Enterprises-Equal Employment Opportunity Program (M/WBE-EEO) Policy Statement

• M/WBE 103: M/WBE Utilization Plan

• M/WBE 104: Waiver Request

• M/WBE 105: M/WBE Quarterly Contractor Compliance Report

RIOC wishes to maximize the participation of Service-Disabled Veteran-Owned-Businesses (SDVOB) in the performance of RIOC contracts, in accordance with Article 3 of the New York Veterans' Services Law (VET) Chapter 13.

RIOC has established an overall goal of 0% for SDVOB participation for this RFP. The basis for determining the dollar value of this 0% is the final contract price (including change orders). Only Respondent s currently certified by OGS can be used to meet SDVOB participation goals on this contract. Certified Respondent s can be found at https://online.ogs.ny.gov/SDVOB/search.

Required SDVOB Forms: N/A

Form SDVOB 103– Utilization Plan

SDVOB 104 and request a full or partial waiver.

If your Respondent is unable to identify any partnership opportunities with currently certified SDVOB Respondent s, in lieu of Form SDVOB 103 above, you may submit Form SDVOB 104 and request a full or partial waiver. With this waiver request you must submit documentation showing your Respondent ’s Good Faith Efforts, as listed on page 2 of Form SDVOB 104 and defined by 5 NYCRR Section 252.2(n).

Such documentation includes, but is not limited to, a list of all SDVOB Respondent s from the OGS SDVOB Directory in this region and applicable trades, and copies of emails and/or dates-times of all phonecalls soliciting the certified SDVOBs for this bid.

RIOC may deem a Bidder non-responsive if a Bidder fails to submit an SDVOB Utilization Plan.

If awarded a Contract, Contractor certifies that it will follow the submitted SDVOB Utilization Plan for the performance of SDVOBs on the Contract pursuant to the prescribed SDVOB contract goals set forth above. Respondent(s) will be required to submit a “Contractor’s Monthly SDVOB Compliance Report” (Form SDVOB 101) pursuant to their SDVOB Utilization Plan

Contractor further agrees that a failure to use SDVOBs as agreed in the Utilization Plan shall constitute a material breach of the terms of the Contract. Upon the occurrence of such a material breach, RIOC shall be entitled to any remedy provided herein, including but not limited to, a finding of Contractor non-responsibility.

https://online.ogs.ny.gov/SDVOB/search

3. Attachment D: Lobbying Form – Respondent(s) must complete a copy of the Lobbying Form. General background information about relevant legislation and requirements imposed upon the Respondent(s) may be found directly on the form.

4. Attachment E: Encouraging Use of New York Businesses in Contract Performance – New York State businesses have a substantial presence in State contracts and strongly contribute to the economies of the state and the nation. In recognition of their economic activity and leadership in doing business in New York State, Respondent(s)/Respondent(s) for this contract for commodities, services or technology are strongly encouraged and expected to consider New York State businesses in the fulfillment of the requirements of the contract. Such partnering may be as subcontractors, suppliers, protégés or other supporting roles. All Respondent(s) should complete this form to indicate their intent to use/not use New York Businesses in the performance of this contract.

5. Attachment F: Vendor Responsibility Questionnaire - New York State Procurement Law requires that state agencies award contracts only to responsible vendors. Vendors are invited to file the required Vendor Responsibility Questionnaire online via the New York State VendRep System or may choose to complete and submit a paper questionnaire. To enroll in and use the New York State VendRep System, see the VendRep System Instructions available at www.osc.state.ny.us/vendrep or go directly to the VendRep system online at https://portal.osc.state.ny.us. For direct VendRep System user assistance, the OSC Help Desk may be reached at 866-370-4672 or 518-408-4672 or by e-mail at ITServiceDesk@osc.state.ny.us. Vendors opting to file a paper questionnaire can obtain the appropriate questionnaire from the VendRep website www.osc.state.ny.us/vendrep or may contact the Roosevelt Island Operating Corporation or the Office of the State Comptroller for a copy of the paper form. Respondent(s) must also complete and submit the Vendor Responsibility Attestation at Exhibit 2 as part of its proposal.

Timeline for RFP:

Schedule of Events Event Date

Publication Date August 17 , 2026 9:00 AM Request for Information Cutoff Date August 28, 2026 3:00 p.m.

Request for Information Response Posting September 3, 2026 3:00 p.m.

Due Date September 9, 2026 11:00 a.m.

Interview Schedule TBD Anticipated Award End of September, 2026

Bid Submission:

All proposals must be sealed. Proposals will be received at the address below by 11:00 a.m. on September 9, 2026.

Proposals received after this date and time may not be considered. Please forward proposals as follows to:

ATTN: Amy Firestein, Director of Procurement

– RFP #: Real Estate Advisory and Consulting Services Panel – August 2026_ Roosevelt Island Operating Corporation 426 Main Street Roosevelt Island, NY 10044

EVALUATION SELECTION PROCESS: PROPOSAL EVALUATION CRITERIA/PROPOSAL SCORING METHODOLOGY

A. Evaluation Each timely submitted Proposal will be reviewed for compliance with the form and content requirements of this RFP.

A committee of RIOC employees selected by RIOC (the “Committee”) will then review and evaluate the Proposals in accordance with the evaluation criteria set forth below. While only Committee members will score the evaluation criteria, the Committee may consult an outside expert for advisement on the evaluation of matters requiring technical expertise. Before final selection, RIOC must determine that the proposed selected Respondent is responsible, in accordance with applicable law and RIOC’s Procurement Guidelines posted on RIOC’s website.

B. Interviews

RIOC reserves the right to decide whether to interview any or all of the Respondents. The Committee may conduct interviews for various purposes, including to further assess a Respondent’s ability to perform the Work or provide specific services, or to seek information related to any other evaluation criteria.

Evaluation Criteria for Selection

Selection will be based upon the best value method comprised of (a) the technical evaluation and (b) the cost proposal evaluation as follows:

a. Technical Evaluation:

Criteria Categories Scoring Methodology

A.

Qualifications and experience of the Respondent in each practice area for which pre-qualification is sought, as evidenced by information provided in accordance with the section “Instructions to Respondent(s)” and other sections in this RFP.

50%

B.

Demonstrated relevant experience in relation to understanding of RIOC’s needs and types of real estate issues.

30%

C.

Overall quality, completeness and responsiveness to this RFP. 20%

Total

100%

b. Cost Proposal Evaluation.

The Contract will be awarded to the highest technically rated Respondent whose Proposal is determined to be responsive and in the best interests of RIOC, subject to a determination that the Cost Proposal is fair, reasonable, and provides the best value to RIOC.

D. Basis for Panel Selection and Contract Award

RIOC will assess the Proposals utilizing the criteria set forth above. RIOC will select multiple Respondents for its “pre-qualified” Advisory and/or Consultant Services panel and will then enter into Contracts with one or more of those pre-qualified Respondents on an as-needed basis. Selection as a pre-qualified Respondent is subject to RIOC’s determination that the Proposal is responsive to the requirements stated in this RFP, that the Cost Proposal is fair and reasonable and that the Respondent receives a satisfactory score as a result of the technical evaluation.

RIOC will consider the various factors when assigning Real Estate Advisory and/or Consultant Services work, which may include but not necessarily be limited to:

• The specialized expertise of the Respondent;

• The availability and expertise of Respondent ’s assigned employees;

• The amount of other RIOC work assigned to the Respondent ; and

• The Vendor’s use of MWBE and SDVOB subcontractors/consultants.

Interviews will be conducted as follows:

1. RIOC reserves the right, in its absolute and sole discretion, whether to interview any or all the Respondents.

The rating committee may conduct interviews for many reasons, including to further assess Respondent’s ability to perform the services, or to seek information related to any other evaluation criteria. Respondent(s) will be notified of the date and time of their Interview and whether such Interview will be conducted via telephone, video conference or other medium. The Interview should further demonstrate the Respondent's ability to provide the required services. Further information with regard to the format of this stage of the evaluation may be requested at this time.

2. Following the Interview(s), RIOC staff responsible for review and evaluation of the proposals will finalize the scoring of each finalist interviewed on the criteria listed above.

NYS Reserved Rights

RIOC reserves the right to:

• Reject any or all proposals received in response to the RFP;

• Withdraw the RFP at any time, at the agency’s sole discretion;

• Make an award under the RFP in whole or in part;

• Disqualify any Respondent whose conduct and/or proposal fails to conform to the requirements of the RFP;

• Seek clarifications and revisions of proposals;

• Use proposal information obtained through site visits, management interviews and the State’s investigation of a

Respondent’s qualifications, experience, ability or financial standing, and any material or information submitted by the Respondent in response to the agency’s request for clarifying information in the course of evaluation and/or selection under the RFP;

• Prior to the bid opening, amend the RFP specifications to correct errors or oversights, or to supply additional information, as it becomes available;

• Prior to the bid opening, direct Respondent(s) to submit proposal modifications addressing subsequent RFP amendments;

• Change any of the scheduled dates;

• Eliminate any mandatory, non-material specifications that cannot be complied with by all of the prospective

Respondent(s);

• Waive any requirements that are not material;

• Negotiate with the successful Respondent within the scope of the RFP in the best interests of the State;

• Conduct contract negotiations with the next responsible Respondent, should the agency be unsuccessful in negotiating with the selected Respondent;

• Utilize any and all ideas submitted in the proposals received; and

• Require clarification at any time during the procurement process and/or require correction of arithmetic or other apparent errors for the purpose of assuring a full and complete understanding of an Respondent’s/Respondent’s proposal and/or to determine an Respondent’s/Respondent’s compliance with the requirements of the solicitation.

Exhibit 1

Scope of Work

Consultants will provide RIOC with Real Estate Advisory and/or Consultant Services (the “Work”) on an as-needed basis at the Authority’s discretion in accordance with its needs at any given time. Work to be assigned under this Contract may include, but shall not be limited to, all or a portion of the following advisory, evaluative, and technical services (each of the numbered categories one through nine, a “Category” as defined in the RFP):

1) Real Estate Advisory and/or Consulting Services

a. Transaction Management including:

Supporting RIOC in devising, evaluating, and negotiating business terms in its real estate transactions involving long-term residential and commercial ground leases and providing project management services with respect thereto;

Formulation of guidance on the structuring of requirements and protocols related to environmentally sustainable and climate resilient design and operations for ground leased properties; and

Developing narratives to support engagement and negotiations with key stakeholders and attending and participating in meetings with key stakeholders.

b. Financial Analysis including:

Market and feasibility Analysis such as:

Examining market conditions for land values in New York City – focusing on the residential, retail, and office uses that predominate within Roosevelt Island – and trends such as changes in rents, sale prices, vacancy, and the rate of absorption;

Real estate market data, analytics and forecasting;

Preparation of economic impact and cost/benefit analyses, feasibility reports, and any other real estate related reports, diagrams, demonstrations, or other documentation that RIOC may require; and

Providing brokerage services to RIOC.

Evaluating assessments, tax abatements and tax rates for residential and commercial properties;

Analyzing the impact of potential public policy initiatives that RIOC may desire to implement from time to time;

Assessing structures and valuations for ground leases, relative to land sales, and evaluating recent trends in ground leases within New York City;

Developing pro forma to test the value and financial implications of various proposals regarding RIOC’s ground leases;

Preparing revenue forecast reports in connection with municipal bond offerings, and making presentations of such reports; and Design strategic and alternative valuation solutions.

c. Arbitration/Litigation Support.

2) Commercial Real Estate Brokerage Services including Property Marketing.

3) Real Estate and/or Property/Fixture Appraisal Services (professional license/certification required).

4) Affordable Housing Advisory Services including strategies for the provision of affordable housing in

Roosevelt Island, including mechanisms for implementation, enforcement, home-ownership, and financing.

a. Advice pertaining to zoning opinions and letters, and advising on the public trust doctrine.

5) Ground Lease Reporting and Analysis including:

a. Portfolio and Asset-Level Reporting;

b. Property Condition Assessments; and

c. Risk Analysis.

Any of the foregoing shall include attendance at in person and virtual meetings, as necessary. Meetings may be held in person or virtually at RIOC’s discretion.

Retained Respondents may generally be asked to assist RIOC with real estate matters falling into any of the above-stated categories that arise in the ordinary course of RIOC’s business. Such assistance may include, but shall not be limited to, attending meetings, reviewing, drafting, and commenting on documents, making presentations, and providing clarity in response to specific RIOC questions.

RIOC reserves the right to request assistance from any or all Respondent s in any or all of the practice areas listed above. RIOC further reserves the right to decline to request the assistance of or assign work to any or all Respondent s during the term of the contract. Respondents are responsible for tracking hours worked on each matter and submitting detailed invoices to the Authority as per the contract to be issued.

In the event that the principal personnel identified as being responsible for RIOC’s matters or other key members of a Respondent ’s team in a particular area of expertise, leave the Respondent, RIOC, in its sole discretion, will determine whether its agreement with that Respondent shall terminate, shall remain with the Respondent, or shall “follow” those key personnel. Similarly, if a Respondent combines with another Respondent and such principal personnel remain with the newly combined Respondent, the newly combined Respondent will be considered to be pre-qualified in that area of expertise and RIOC may elect to enter into a Consultant Agreement with the combined Respondent.

RIOC strongly encourages Respondent s that are certified by New York State as minority- and women-owned business enterprises (“MWBE”) or service-disabled veteran-owned businesses (“SDVOB”), as well as Respondent s that are not yet certified, but have applied for certification, to submit responses to this RFP.

Exhibit 2 - Vendor Responsibility Attestation

As provided in Proposal Format and Required Attachments, I hereby submit this form certifying:

Choose One:

An on-line Vendor Responsibility Questionnaire has been updated or created at OSC's website: https://portal.osc.state.ny.us within the last six months.

A hard copy Vendor Responsibility Questionnaire is included with this proposal/bid and is dated within the last six months.

A Vendor Responsibility Questionnaire is not required due to an exempt status.

Exemptions include governmental entities, public authorities, public colleges and universities, public benefit corporations, and Indian Nations.

Signature of Organization Official:

Print/Type Name:

Title:

Organization:

Date Signed:

Exhibit 3 – RIOC’s Consultant agreement

EXHIBIT 3

CONSULTANT AGREEMENT

[ATTACHED]

CONSULTANT AGREEMENT

between

Roosevelt Island Operating Corporation and

Dated as of , 2026

Contract No. -

REAL ESTATE ADVISORY AND CONSULTING PANEL

i

TABLE OF CONTENTS

1. SCOPE OF WORK AND ASSIGNMENT OF JOBS

2. TIME FOR PERFORMANCE

3. COMPENSATION

4. INCREASE AND DECREASE IN THE SCOPE OF CONSULTANT’S WORK

5. CONSULTANT COOPERATION

6. TERMINATION

7. SUSPENSION

8. ASSIGNMENT

9. OWNERSHIP OF DOCUMENTS

10. INSURANCE

11. AUTHORITY OF OWNER

12. ENTIRE AGREEMENT

13. CONSULTANT AS INDEPENDENT CONTRACTOR

14. MAINTENANCE, AUDIT AND EXAMINATION OF ACCOUNTS

15. ACCEPTANCE OF FINAL PAYMENT; RELEASE AND DISCHARGE

16. COVENANTS, REPRESENTATIONS AND WARRANTIES

17. INDEMNITY

18. CONFIDENTIALITY

19. MODIFICATION

20. WAIVER

21. SEVERABILITY

22. NEW YORK LAW/FORUM SELECTION/JURISDICTION

23. PROVISIONS REQUIRED BY LAW

24. NOTICES

25. APPROVAL AND USE OF SUBCONSULTANTS

26. EMPLOYMENT AND DIVERSITY

26.1 PARTICIPATION BY MINORITY AND WOMEN-OWNED BUSINESS ENTERPRISES

26.2 PARTICIPATION BY SERVICE-DISABLED VETERAN-OWNED BUSINESSES

27. RESPONSIBILITY

28. INTEREST OF OTHERS

29. EXECUTORY CONTRACT

ii

30. PARTICIPATION IN INTERNATIONAL BOYCOTT PROHIBITED

31. MACBRIDE FAIR EMPLOYMENT PRINCIPLES

32. LIMITATION PERIODS

33. IRAN DIVESTMENT ACT

34. TERMINATION FOR FAILURE TO DISCLOSE UNDER NYS FINANCE LAW

§139K

35. COMPTROLLER’S APPROVAL

36. BINDING CONTRACT

37. COUNTERPARTS

38. SECTION HEADINGS

39. SUBORDINATION OF TERMS IN THE EXHIBITS

EXHIBIT A - GENERAL SCOPE REQUIREMENTS FOR JOB ORDER WORK

EXHIBIT B - PROCEDURE FOR ASSIGNMENT OF WORK

EXHIBIT C- FORM OF JOB ORDER

EXHIBIT D - RATES AND MULTIPLIER

EXHIBIT E- FORM OF TIME SHEET

EXHIBIT F- M/WBE REQUIREMENTS AND EEO POLICY STATEMENT

AGREEMENT (the “Agreement”) by and between Roosevelt Island Operating Corporation , (the “Owner”), a body corporate and politic, constituting a public benefit corporation, having a place of business at 426 Main street, New York, NY 10044, and , formed under the laws of the State of , having an office at (the “Consultant”).

W I T N E S S E T H:

WHEREAS, Owner has fee title to certain real property located in the City, County and State of New York, generally known as Roosevelt Island; and

WHEREAS, Owner has primarily developed Roosevelt Island, through a General Development Plan, with the goal of creating a richly diversified mixed use community providing residential and commercial space with related amenities such as parks, plazas, recreational areas and a waterfront esplanade; and

WHEREAS, Owner intends to retain the services of Consultant to perform real estate advisory and consulting services (the “Project”) as provided in the Agreement, and Consultant desires to perform such services for Owner.

NOW, THEREFORE, in consideration of the mutual promises herein contained, the parties hereby agree as follows:

1.

Scope of Services

For Jobs assigned to Consultant pursuant to this Agreement, and unless otherwise expressly stated or limited, the Scope of Work will consist of those tasks outlined in Exhibit A to this Agreement (the “General Scope Requirements”).

1) In addition to the General Scope Requirements, on particular Jobs the Consultant shall provide additional services set forth in the associated Job Order (the “Job Specific Scope”).

(b) ASSIGNMENT OF JOBS

1) The procedure for the assignment of Jobs is set forth in Exhibit B to this Agreement, “Procedure for Assignment of Work.”

2) Each Job Order shall be deemed to be incorporated into this Agreement. The form of Job Order is attached hereto as Exhibit C.

2. Time for Performance

(a) Consultant shall perform the Work as expeditiously as is consistent with professional skill and the orderly progress of the Work, and in accordance with the schedule set forth in the applicable Job Order(s) or the attached Scope of Work. Any schedule incorporated into this Agreement shall not be exceeded by Consultant, except for reasonable cause. Whether reasonable cause exists for a schedule delay shall be determined solely by the Owner.

(b) The term of this Agreement shall begin on the date this Agreement is fully executed (the “Commencement Date”) and shall terminate not later than three (3) years subsequent to the date of execution (the “Expiration Date”) (such period from the Commencement Date to the Expiration Date is referred to herein as the “Term”) unless this Agreement is earlier terminated pursuant to Section 6- Termination.

Owner may, at its sole option, extend the Term for an additional one (1) year, up to two times.

Consultant shall be notified in writing if Owner intends to exercise its extension option.

3. Compensation

(a) The total amount of compensation will be based on as needed services through a job/task order assignment based on hourly rates or a fixed fee. No portion of the Fee is payable until the Consultant has been assigned a Job Order. As work is performed pursuant to a Job Order, the Consultant shall be entitled to invoice amounts up to the not to-exceed price (the “Maximum Price”) identified in the Job Order.

(b) The Consultant shall provide invoices no more frequently than once a month, and shall be entitled to payment for each team member (“Employee”) if hourly arrangement as follows:

Employee’s Actual Rate of Pay x Multiplier Identified in Exhibit D x Number of Hours Worked =

Total Amount Earned

The Actual Rate of Pay for any Employee shall be the hourly rate paid to the Employee as reported on the Employee’s pay stub, or (in the case of salaried employees) a pro-rated equivalent of the salary as reported on the Employee’s pay stub based upon a 40 hour work week and/or a 167-hour work month. Employee’s Actual Rate of Pay shall not exceed the rate range identified in Exhibit D for Employee’s position/title, subject to any revisions to the rate range allowed by (d) below.

(c) In addition, the Consultant shall be entitled to reimbursement for any materials, equipment, incidentals and other items identified in the Job Order and/or the Consultant’s Job Order Proposal, or otherwise approved in advance by the Owner, but Consultant shall not be entitled to any profit or overhead overrides on such costs. Consultant shall submit copies of receipts or other supporting documentation for any qualifying expenses incurred. There will be no payment for unauthorized work.

(d) Consultant shall submit monthly requests for payment to the Owner that shall:

(i) include the name, address and telephone number of Consultant;

(ii) be accompanied by time sheets, in substantially the form provided in Exhibit E ("Form of Time Sheet"), attached hereto and made part hereof, containing a description of the work performed and indicating the number of hours worked by each employee;

(iii) for each employee, itemize (a) the number of hours worked by said employee,

(b) that employee’s Actual Rate of Pay (or pro-rated equivalent for salaried employees),

(c) the Multiplier, and (d) the total amount billed to Owner for that employee’s work; and

(iv) reference the Agreement and the Job Order under which services were rendered.

Consultant shall provide separate invoices for each Job Order and shall clearly identify the job being invoiced.

(e) Owner shall pay Consultant in accordance with Owner’s Prompt Payment Policy, a copy of which can be found at: https://www.rioc.ny.gov/info/finance-reports. Owner may withhold from any payment an amount equal to any costs or damages incurred by Owner as a result of Consultant’s negligence or breach of this Agreement.

(f) All Invoices should be submitted electronically to accounts-payable@rioc.ny.gov and addressed as follows:

Attn.: Accounts Payable

Roosevelt Island Operating Corporation

426 Main street

New York, NY 10044

A duplicate copy is to be sent electronically to the attention of the Project Manager specified in the Job Order.

(g) In the absence of a written agreement authorized pursuant to Section 4(c) below, Consultant shall not be entitled to any compensation on a Job in excess of the Maximum Price identified in the corresponding Job Order.

4. Increase and Decrease in the Scope of Consultant’s Job Order Work

(a) Consultant understands that the Maximum Price identified in each Job Order is the maximum compensation that it will receive for the Scope of Work identified in that Job Order, and that the Consultant is obligated to complete the Job regardless of whether it has performed services or incurred cost that, if invoiced in accordance with the terms of the Job Order and this Agreement, would exceed the Maximum Price.

(b) Owner shall have the right to make changes to, increase or reduce the Scope of Work mailto:accounts-payable@rioc.ny.gov for any Job Order, or extend the Term of any Job Order or of this Agreement, at any time and for any reason, upon written notice to Consultant specifying the nature and extent of such changes.

(c) If Consultant believes that any work it has been directed to perform by Owner is beyond the Scope of Work set forth in this Agreement or in the associated Job Order, and constitutes extra work, Consultant shall so notify Owner within ten (10) business days of direction to perform.

Owner shall determine whether or not such work is in fact beyond the scope of the Work and is considered extra work. If Owner determines that such work constitutes extra work to Consultant or any Subconsultant (as defined in Section 25 of this Agreement), Owner will authorize an increase to the Maximum Price for that Job Order in an amount mutually agreed to in writing by Owner and Consultant, and signed by the Senior Vice President of Real Property.

(d) Should a dispute arise regarding extra work, Consultant must continue to perform as required by the Agreement (including the performance of any alleged extra work as directed), pending resolution of the dispute. Consultant must track all time spent exclusively on any alleged extra work, and failure to do so constitutes a waiver of Consultant’s right to additional compensation.

5. Consultant Cooperation

(a) Consultant shall work with such firms or individuals as Owner shall designate from time to time in connection with the Work, and agrees to meet with such firms or individuals at such times as Owner may require in order to maintain an ongoing review process so as to expedite determinations and…