Financial Services, Real Property Title

The City of St. Petersburg, Florida, issued Request for Proposals (RFP-26-106) on February 26, 2026, seeking qualified title and escrow service companies to provide comprehensive real property title financial services. The services encompass title reports, title commitments, title insurance policies, escrow services, closing services, and related documentation for real property transactions including deed conveyances, easements, foreclosures, quiet title actions, and other transfers of real property interests. Qualified vendors must be registered with the Florida Department of State, hold state title insurance agency licensure, and be appointed as a title agent-in-charge. The cost proposal requires unit pricing for five line items: Property Information Reports (80 estimated annual usage), Title Commitments (270), Updates to Title Commitments (40), Closing Fees with notary service (110), and Title Insurance Policies for Easements (100). The evaluation criteria are weighted at 40 percent for qualifications and experience, 34 percent for project approach, 15 percent for cost analysis, and 11 percent for business enterprise outreach and utilization. Critical deadlines include March 19, 2026, at 12:00 p.m. for vendor questions, April 14, 2026, at 3:00 p.m. for proposal submission through the City's procurement portal at https://procurement.opengov.com/portal/stpete, and a tentative evaluation and shortlisting meeting scheduled for April 28, 2026, at 10:00 a.m. The initial contract term shall be three years with one optional two-year renewal period by mutual agreement.

There are no set-aside designations or restrictions limiting responding organizations; however, proposers are encouraged to demonstrate business enterprise outreach and utilization through voluntary participation with Small Business Enterprises (SBE), Women Business Enterprises (WBE), Veteran-Owned Businesses, and Minority Business Enterprises (MBE) located in the Tampa Bay Region, with no mandatory participation thresholds required for contract consideration or award. Proposers must maintain comprehensive insurance coverage including Commercial General Liability ($1,000,000 per occurrence/$2,000,000 aggregate), Commercial Automobile Liability ($1,000,000 combined single limit), Workers' Compensation as required by Florida law, Errors & Omissions/Professional Liability ($1,000,000 per occurrence), and Fidelity/Crime insurance ($500,000 minimum), with the City named as an additional insured on applicable policies. The award is anticipated to be made to multiple vendors deemed most advantageous based on evaluation criteria, and services pricing must remain firm for the initial three-year term, with any increases upon renewal requiring thirty days' written notice and mutual written agreement. No specific budget range or award values are disclosed in the solicitation documents, as compensation will be determined based on the unit pricing submitted and the volume of services actually utilized by the City.