Feasibility Study for the Town of Princeville 53 Acre Site

The Town of Princeville, located in North Carolina's Durham County, is seeking qualified consulting firms to conduct a comprehensive feasibility study for a 53-acre mixed-use development site through Request for Proposals (RFP) 03-19-25 TP. The procurement aims to evaluate the technical, financial, and operational viability of potential residential, commercial, and recreational space development on the site. The feasibility study will be completed in six distinct phases over approximately 10 weeks, encompassing preliminary assessment, market analysis, technical feasibility, financial feasibility, risk assessment, and final recommendations. Proposals will be evaluated using a Qualifications Based Selection process with specific point allocations: cost (40 points), qualifications (30 points), and experience (30 points). A mandatory site visit is scheduled for March 27, 2025, with proposal responses due by April 9, 2025, at 5:00 PM local time. Interested firms must submit three physical copies of their proposal, which should include a comprehensive cover letter, detailed cost breakdown, organizational qualifications, project experience, and a minimum of three references from comparable projects.

The Town of Princeville actively encourages participation from minority, women, and disabled business enterprises, demonstrating a commitment to diverse vendor engagement. The solicitation does not specify a guaranteed funding amount or contract value, and the Town reserves the right to reject any or all proposals submitted. After initial review, the town will select the top three qualified companies to present to the Board of Commissioners for final decision and contract award. No incumbent vendor information is provided in the documentation, and there are no explicit restrictions on the types of organizations that can respond beyond the qualifications-based evaluation criteria. The procurement appears to be an open competition seeking the most qualified and cost-effective consulting firm to perform a thorough feasibility analysis for future site development. While no specific budget range is mentioned, the comprehensive nature of the required study suggests a significant professional services engagement.