Purchase of Aircraft

Texas Tech University System is requesting proposals for aircraft brokerage services to support the acquisition, lease, evaluation, or disposition of reconditioned or new aircraft under RFP 2026-1193, with proposals due July 2, 2026 at 4:00 p.m. Central. No set-asides or preferences are indicated.

Proposers must demonstrate a minimum of five years of experience in aircraft brokerage or aviation consulting, knowledge of FAA regulations and aircraft valuation, and preferably experience with government entities or public institutions. The scope includes market analysis, identification of suitable aircraft based on mission requirements, due diligence and regulatory compliance support, acquisition assistance and negotiation support, and total cost of ownership analyses. The awardee will serve as master broker for aircraft purchases or leases over a period of up to six years; TTUS anticipates acquiring at least one aircraft within the next one to six months.

The contract term is an initial one-year base with five optional one-year renewal periods. Compensation may be structured as commission-based, fixed fee, or hybrid arrangements, with pricing firm for 24 months following execution and subject to increases not exceeding 3% annually thereafter. No contracts exceeding $1,000,000 will be effective without approval by the TTUS Board of Regents. TTUS reserves the right to award contracts to multiple proposers and makes no guarantee of aircraft purchases.

Evaluation criteria are weighted as follows: Financial Value (40%), Demonstrated Ability to Fulfill Requirements (35%), Value Added Options (15%), and Quality Assurance Plan (10%). Proposers must provide five applicable client references, verification of required licenses and certifications, and signed conflict-of-interest affirmations. Insurance requirements include commercial general liability of $2,000,000 general aggregate and $1,000,000 per occurrence, plus workers' compensation and automobile liability coverage. An online solicitation conference is scheduled for June 22, 2026 at 3:00 p.m. Central, and public proposal opening will occur July 1, 2026 at 4:00 p.m. Central.