CS Sole Source Intent To Award Justification Form.pdf

Clayton County Central Services

Public Notice of Proposed Award of Sole Source Procurement Clayton County is providing public notice of its intent to award a contract to to provide . has been identified as the sole source for this purchase for the reasons stated in this sole source notice.

Section A- Description of Proposed Sole Source Procurement Clayton County Central Services Date:

Description of Supplies/Services:

Supplier / Source Name: Telephone:

Supplier / Source Contact:

Scope of Work: (Provide an explanation why the product/service, supplier requested is the only method that can satisfy the requirements and explain why alternatives are unacceptable. Be specific with regard to specification, features, characteristics, requirements, capabilities and compatibility (Attach additional documents if necessary).

Letter from Original Equipment Manufacturer (required) attached. Yes No

Section B- To Be Completed by the Department of Central Services Market Survey Results:

Date Public Notice posted on website: Date Public Notice closed:

Review of Offers:

Were any offers received: Yes No Number of offers received:

To Be Used for Central Services Records Only Purchasing Specialists Recommendation:

Signature (Purchasing Specialist): ________________________________________

Signature (Purchasing Administrator):_________________________________________

Outcome:

Awarded Sole-Source Requisition Number:

Issued PO / Contract Not Awarded / Competitively Bid Bid Number:

Do Not Write Below- for Central Services Director or Authorized Designee

Signature:_______________________________________ Date:_________________________

Approved: ( ) Not Approved: ( ) krystal.ashley Typewritten Text krystal.ashley Typewritten Text

CompStak’s Proprietary Data

CompStak is the only source for actual commercial real estate lease and sales comps that are used by the brokers, independent appraisers and CRE researchers involved in the transactions. We provide, at a national level, extremely hard to find data points such as true starting rents, free rent, TI amounts, rent increases, term, expiration dates, net effective rent, selling price, and cap rates for Office, Industrial, Retail and other assets. This information gives our clients a true, real-time look at the overall health of an asset, surrounding competitive sets and markets/submarkets.

Our crowdsourcing process is unique to the industry and differs greatly to any other source of “lease comps” in the market. Over 40,000 brokers, independent appraisers and CRE researchers proactively submit their comps to us daily in exchange for credits. Those credits can then be exchanged for access to specific comps that they need to complete their current transactions. The only other available sources of transaction data are estimates based off of asking rents and do not provide the true and accurate transaction details.

The submissions are then run through an extensive verification process that utilizes AI and physical researchers to ensure accuracy before we publish them.

Our process enables us to provide to our clients the same data used by the brokerage industry via our Enterprise Platform, API or Data Feed. To date, we have collected over 2 million office, retail, and industrial comps, in over 3,000,000 properties, that covers over 48 billion square feet of transactions in our proprietary database.

Our analytics module allows users to evaluate relevant current and historical leasing metrics dating back 15 years — covering every type of market fluctuation. Our extensive database allows users to review starting and effective rent growth rates, understand concession trends, examine lease terms over time, and customize heat maps and charts using extensive filters.

If you would like more information please let us know.

Signed By:

Justin Williams Account Executive 908-487-8784 Justinwilliams@compstak.com

COMPSTAK.COM 675 Sixth Avenue 4th Floor, New York, NY 10011 valid through Aug 30,, 2024

Order Form

Customer: Clayton County, Georgia Effective Date: Upon Mutual Execution Term: 12 Months Authorized Users: 5 Total Number of Exports: 200 / User / Market / Month Market Access: Atlanta

Year 1

Product Price Net Price

Lease Comps, Sales Comps $17,500 $17,500

Total Price $17,500

Total Net Price $17,500

Payment Terms: The Subscription Fee of $17,500 will be due and payable in full upon execution. Any amounts not paid within 30 days will be subject to interest of 1.5% per month, at which time interest will be immediately due and payable.

Sales Tax may be added to invoices associated with this Order Form pursuant to the requirements of Customer’s state and/or local tax authorities based on the Authorized User's addresses.

"Authorized Purpose" means Customer's analysis of commercial real estate comparables in connection with property tax consulting services, and the tax appraisal and appeals process, for Customer's direct benefit.

"Authorized Purpose" means Customer's analysis of commercial real estate comparables in connection with the performance of governmental assessment duties, including mass appraisal, appraisals, property tax appeals, and sales ratio studies.