Real Estate Advisory Services
Closed State & local contract opportunity Posted
- Solicitation number
- BPM058698
- State
- Maryland
- Responses due
Opportunity facts
- Jurisdiction
- UNSPSC code
Opportunity details come from emma.maryland.gov. Updated .
About this opportunity
The University of Maryland, College Park is soliciting proposals for real estate advisory services under RFP No. 37802-RJ, with proposals due September 22, 2026 at 3:00 PM EST/EDT and written questions due September 15, 2026 at 3:00 PM. The University intends to award up to three firms on an as-needed, task-order basis with no guaranteed minimum or maximum hours.
The scope encompasses acquisition, disposition, and development of real properties; privatization of existing University assets through private-sector partnerships; engagement of private developers to assume financing and capital-project risk; and negotiation and ongoing advisory support for related agreements. Projects span student services and housing, faculty/staff housing, athletic and recreation facilities, office/commercial development, research facilities, and guest services. Proposers must demonstrate a minimum of ten years of experience in real estate transactions in Maryland and Prince George's County and provide at least three reference projects. Key personnel must include a Contract Lead, up to three Project Leads, and Project Staff, supported by resumes. Working knowledge of various real estate financing structures, including bond financing, is required; brokerage services are optional.
Fully burdened hourly rates for each labor category must be submitted on the provided Price Proposal Form and remain fixed for the initial two-year contract term. The University reserves discretion to consider annual price increases thereafter. Reimbursable travel expenses must comply with University and Board of Regents policies. Contractors must identify whether personnel are in-house or subcontracted. The contract term is two years from execution, with the University holding options to renew for up to three additional separately exercisable one-year terms under identical terms and conditions.
Technical evaluation criteria include mandatory requirements, highly desirable requirements, personnel qualifications, past performance, proposal clarity, and economic benefits to Maryland. MBE participation goals do not apply. A pre-proposal conference was held September 8, 2026 via Zoom with 20 attendees from firms including CBRE, Colliers, Savills, RCLCO, Newmark, and others. The Procurement Officer is Rahima Jamal at rjamal@umd.edu.
Opportunity text
The University is seeking real estate advisory services for initiatives such as, but not limited to: acquisition, disposition, and development of real properties; privatization of existing University assets to increase revenues through creative and cooperative arrangements with the private sector; selective engagement of private developers to assume risk and provide financing and management capabilities for capital projects; and support to the University in negotiating and documenting agreements and in providing on-going advice and assistance in such other matters that may require real estate advisory services. Real estate projects may, for example, be related to student services and housing, faculty/staff housing, athletic and recreation facilities, office/commercial development, research facilities, and guest services.
Files
| File | Type | Posted |
|---|---|---|
| Amendment 2 RFP No. 37802-RJ.pdf | ||
| Price Proposal Form - Attachment 1.xlsx | XLSX spreadsheet | |
| RFP No. 37802-RJ Real Estate Advisory Services.pdf | ||
| Amendment 1 RFP No. 37802-RJ Real Estate Advisory Services.pdf |
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