RFP# 6000001194 - Request for Proposals for Performance of Expert Professional Real Estate Advisory Services as Requested on a “Call-In” Basis During 2023 through 2026 (RFP# 6000001194) - OPEN

The Port Authority of New York and New Jersey has issued Request for Proposals (RFP# 6000001194) for Expert Professional Real Estate Advisory Services to be performed on a "call-in" basis during 2023 through 2026. The procurement seeks qualified firms to provide comprehensive real estate services across four categories: Real Estate Advisory Services, Real Estate Advisory Services (Small Business Enterprises), Real Estate Appraisal Services, and Real Estate Appraisal Services (Small Business Enterprises). Required services include market analysis, development planning, strategic planning, economic analyses, appraisal services, expert testimony, and consultation. Proposers must have principals with at least five years of relevant experience and submit proposals electronically through the Bonfire platform, with a maximum 20-page submission using 12-point font. The original proposal deadline was November 17, 2022, but was extended to November 29, 2022, at 2:00 P.M. Eastern Time, following multiple addenda that clarified submission requirements and answered potential proposers' questions.

The Port Authority has established significant diversity participation goals, requiring 20% participation for Minority-owned Business Enterprises (MBE), 10% for Women-owned Business Enterprises (WBE), and 3% for Service-Disabled Veteran-Owned Businesses (SDVOB). Certified M/WBE firms can self-satisfy their respective participation goals if they hold Authority or New York State certification. Insurance requirements vary by category, with standard firms needing $5 million in Commercial General Liability and Professional Liability coverage, while Small Business Enterprises require $2 million coverage. The Authority may retain multiple firms under this call-in arrangement, with no guarantee of work orders and full discretion in work distribution. Compensation will be based on multipliers applied to actual staff salaries, with partners and principals billed at established rates, plus pre-approved reimbursable expenses. While no specific total contract value was explicitly stated, the multi-year contract structure and call-in service model suggest potential significant opportunity for selected firms across various real estate advisory and appraisal projects.