Commercial Property Sales and Lease Data

The Texas Comptroller of Public Accounts (CPA) has issued a Request for Proposals (RFP) soliciting a comprehensive commercial property sales and lease data solution. The procurement seeks a vendor to provide a robust database containing verified commercial property transaction information across Texas markets, including commercial properties, multi-family residences, apartment complexes, and hotels. The database must include at least 100,000 verified sales and 500,000 verified leases dating back six years, with mandatory daily, weekly, and monthly data updates. The solution must support up to 15 CPA user accounts and provide advanced search capabilities. Evaluation criteria will be weighted as follows: 50% cost, 40% compliance with specifications, and 10% respondent's past performance and qualifications. The initial contract term runs from December 1, 2025, to August 31, 2026, with potential renewals for three additional one-year periods through August 31, 2029. Proposals are due by September 19, 2025, at 2:00 p.m. CT, with the CPA indicating they will process payments potentially on a monthly basis and will not prepay for services.

The RFP does not specify explicit set-aside designations or restrictions for disadvantaged enterprises based on the provided documentation. The total contract value will be determined through the proposal process, with pricing being a significant factor in vendor selection. No incumbent vendors or existing technology integration requirements are mentioned in the available information. The procurement appears open to qualified vendors capable of meeting the comprehensive data collection, verification, and reporting specifications. The contract structure suggests flexibility for vendors to propose competitive pricing models while meeting the specified technical requirements for commercial property transaction data. Potential vendors should carefully review the full RFP to ensure complete alignment with the Texas Comptroller's detailed specifications and evaluation criteria.