ESBD_570289_1792670336464_TRS000708_Real Estate Market Analytics Services_Addendum 1_Final.pdf

This is an Addendum 1 to RFP TRS000708 issued by the Teacher Retirement System of Texas (TRS) for Real Estate Market Analytics Services. The RFP seeks a contractor to provide access to a commercial real estate analytics platform supporting investment underwriting, market research, portfolio monitoring, benchmarking, and investment decision-making. Required services include integrated commercial real estate data and analytics, property information, lease and sales comparables with leasing analytics, market and submarket analytics, search and reporting capabilities, commercial real estate news and research, and account management with onboarding and technical support. Respondents must demonstrate a minimum of four years of experience providing similar services. The initial contract term is five years from the effective date, with one optional one-year renewal term. The pre-proposal conference was held on October 21, 2026, and proposals were due November 18, 2026 at 3:00 p.m. Central Time. Top-ranked respondents may be required to participate in presentations, demonstrations, interviews, and site visits in mid-December 2026. The contract value exceeds $100,000 over its life.

Pricing must be proposed on a "Price per User," "Unlimited Users," or "Tiered Pricing" basis, with all costs fully loaded and inclusive of materials, equipment, labor, and planning. TRS does not allow escalation of pricing for renewal terms. Evaluation will follow best value standards using weighted criteria: Respondent Past Performance and Client References (30%), Respondent's Key Personnel (10%), Proposed Performance Details (40%), and Proposed Pricing (20%). Contractors must maintain workers' compensation insurance, employer's liability insurance ($500,000 minimum), commercial general liability insurance ($500,000 per occurrence/$1,000,000 aggregate), and professional liability insurance ($1,000,000 per occurrence/$2,000,000 aggregate), all issued by Texas-authorized companies with an A.M. Best rating of A- or better. Respondents must submit proposals through TRS' Procurement and Vendor E-System (PAVES) and comply with cloud security requirements through the DIR-RAMP program for any independent cloud products or services covered under the contract. The deadline for questions was November 2, 2026 at 3:00 p.m. Central Time.