P-25-002 Real Estate Broker Services

The Jacksonville Transportation Authority (JTA) has issued a Request for Proposals (RFP) numbered P-25-002 for Real Estate Broker Services in Duval County, Florida, seeking a licensed real estate broker to manage its comprehensive property portfolio. The solicitation requires a broker to provide extensive real estate services including project organization, market analysis, property valuation, marketing, acquisition and disposition services, due diligence, and tenant management across various asset types such as parking structures, transportation hubs, park-and-ride facilities, undeveloped land, and office buildings. Proposals are due on October 24, 2024, at 2:00 PM local time, with a five-year contract term and no renewal options. The evaluation process will assess proposers across six key criteria: minimum requirements (pass/fail), qualifications and experience (25 points), approach to plan and schedule (25 points), quality service and responsiveness (15 points), past performance references (10 points), and rates/fees (25 points). The JTA will select the highest-ranked proposer based on best value and reserves the right to negotiate, cancel, or re-solicit the opportunity.

The procurement includes a Disadvantaged Business Enterprise (DBE) participation goal of 10 percent, encouraging involvement from qualifying firms and promoting diversity in contractor selection. The compensation structure for the selected broker will comprise a monthly fee and real estate commissions from third-party associations, with commissions capped at 7 percent. While specific budget ranges are not explicitly detailed, the contract is classified as professional services to be executed on a firm-fixed price or rate basis. No incumbent vendor information is provided in the available documentation. The JTA seeks a broker capable of comprehensive portfolio management with demonstrated experience in real estate services, market knowledge, and the ability to effectively represent the agency's diverse property interests. Potential respondents should carefully review the RFP documents and ensure they meet the minimum qualifications and can provide the comprehensive range of real estate services outlined in the solicitation.