2026 RIOC RFP for Real Estate Advisory and Consulting Panel
Closed State & local contract opportunity Posted
- Solicitation number
- 2138184
- State
- New York
- Responses due
Opportunity facts
- Jurisdictions
- Point of contact
-
- Amy Firestein rfpbids@rioc.ny.gov (212) 832-4540
Updated .
About this opportunity
Roosevelt Island Operating Corporation (RIOC) is seeking proposals for a panel of pre-qualified real estate advisors and consultants to provide on-call advisory and consulting services, with proposals due September 9, 2026 at 11:00 a.m. EST. A 30% minority and women-owned business enterprise (MWBE) utilization goal and a 6% service-disabled veteran-owned business (SDVOB) participation goal apply.
Respondents are not required to provide services across all nine practice areas. The scope includes land use advisory; municipal and government entity representation; real estate and landlord-tenant matters; ground lease valuation and reset advisory; island services and revenue strategy; negotiation support and strategy; strategic real estate advisory; environmental issues; and public finance. Services will be delivered on an as-needed basis through job order assignments at hourly rates or fixed fees specific to each assignment. Respondents must submit detailed proposals including hourly rates for team members, willingness to waive travel time to Roosevelt Island, and any waivable start-up or learning curve hours.
The anticipated contract term is five years commencing in late September 2026, with an optional five-year renewal at RIOC's sole discretion. Compensation is structured on an as-needed basis; no blanket contract value is stated. No incumbent has held an identical or substantially similar contract within the past five years.
Selected proposers must obtain commercial general liability insurance with limits of $1 million per occurrence and $2 million aggregate, and professional liability (errors and omissions) insurance of at least $3 million per claim. Compliance with New York State Tax Law Section 5-a is mandatory, requiring submission of Form ST-220-TD to the Department of Tax and Finance and Form ST-220-CA to RIOC. RIOC reserves the right to conduct interviews with selected respondents. The deadline for requests for information is August 28, 2026 at 3:00 p.m., with responses posted by September 3, 2026. Award is anticipated by the end of September 2026.
Opportunity text
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. Business enterprises awarded an identical or substantially similar procurement contract within the past five years: None Service-Disabled Veteran-Owned Business (SDVOB) SDVOB Goal: 6.00% Minority / Women Business Enterprise contracting goals (MWBE) Total MWBE Goals: 30.00%
Files
| File | Type | Posted |
|---|---|---|
| 2026 RIOC RFP for Real Estate Advisory and Consulting Panel.pdf | ||
| Addenda 1 RFI log and Extension.pdf |
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