Income Capitalization Rate and Effective Gross Inc

The Kansas Department of Revenue, Office of Procurement and Contracts, is conducting a competitive Request for Proposal (RFP) to procure Income Capitalization Rate and Effective Gross Income Multiplier (EGIM) Analysis services for the valuation of federally sponsored Affordable Housing projects throughout Kansas, with jurisdiction over Sedgwick County. The vendor must develop analyses employing both Direct Capitalization methods using traditional housing sales and Band of Investment methods, stratified by market location (primary, secondary, and tertiary) and investment class (Class A, B, and C), with corresponding expense ratios included in the EGIM Analysis. The primary deliverable consists of three comprehensive analyses submitted in a single document within 90 days of contract award, supported by separate sales data documentation. The contract period extends five years from July 1, 2026, through June 30, 2031, with completed deliverables required in years one, three, and five, and the vendor must coordinate with a working group comprising Property Valuation Division staff, industry representatives, and Kansas County Appraisers Association members. The RFP opened February 18, 2026, with a closing date of April 1, 2026, at 2:00 PM CST; written questions for clarification must be submitted by March 4, 2026, and responses are due April 6, 2026. Qualified vendors must demonstrate relevant experience through three professional references from the last five years and must comply with all federal and state requirements, including the Americans with Disabilities Act, Immigration Reform and Control Act, and Kansas Act Against Discrimination.

The State of Kansas does not restrict bidding to specific enterprise categories but allows vendors to claim eligible preferences including Disabled Veteran Owned Business, State Use Purchases, or Certified Business designations if applicable. Bidders must submit a current Tax Clearance Certificate from the Kansas Department of Revenue and complete compliance certifications addressing boycott of Israel, sexual harassment policies, and immigration reform compliance. The RFP does not identify any incumbent contractors or existing infrastructure requiring integration. Pricing must remain firm for the entire five-year contract term; however, vendors may propose incremental price increases not exceeding five percent in years three and five based on year one costs, with no additional adjustments permitted thereafter. No specific budget range or award value is disclosed in the RFP; this is an indefinite quantity contract with no guaranteed volume, and payment terms are Net 30 days from receipt of goods or services. The State reserves the right to reject any or all proposals, award by line item or group total as deemed in its best interest, and terminate the contract for cause or convenience with 30 days' written notice.