RFP# 6000001195 - Request for Proposals for Performance of Expert Professional Real Estate Advisory Services (Small Business Enterprises) as Requested on a “Call-In” Basis During 2023 through 2026 (RFP# 6000001195) - OPEN

The Port Authority of New York and New Jersey has issued RFP #6000001195 seeking Expert Professional Real Estate Advisory Services from Small Business Enterprises (SBEs) on a "call-in" basis for the period of 2023 through 2026. The procurement will establish a multiple-award, on-demand services agreement for real estate advisory services, which will encompass four primary service categories: Real Estate Advisory Services, Real Estate Advisory Services for Small Business Enterprises, Real Estate Appraisal Services, and Real Estate Appraisal Services for Small Business Enterprises. Proposed services include market analysis, development planning, strategic planning, economic analyses, and expert property advice primarily focused on properties in New York and New Jersey. Proposing firms must have a principal with at least five years of professional real estate advisory experience and submit a comprehensive proposal limited to 20 pages. The original pre-proposal meeting was held on November 8, 2022, with proposals initially due on November 17, 2022, and subsequently extended to November 29, 2022, at 2:00 P.M. Eastern Time through the Bonfire electronic submission platform.

The procurement is specifically targeted at Small Business Enterprises, with explicit diversity and inclusion goals including 20% participation for Minority-owned Business Enterprises (MBE), 10% for Women-owned Business Enterprises (WBE), and 3% for Service-Disabled Veteran-owned Businesses (SDVOB). Proposers must be Port Authority-certified SBEs and can self-fulfill diversity requirements if they are Authority-certified, with non-certified firms able to participate as subconsultants. Insurance requirements are stratified, with standard services requiring $5 million in commercial general liability and professional liability insurance, while Small Business Enterprises have lower requirements of $2 million in comparable coverage. Compensation will be structured as a multiplier of actual salaries for work performed, with provisions for out-of-pocket expenses and potential lump-sum task orders. While specific total contract value was not explicitly stated, the multi-year, on-demand nature of the contract suggests significant potential engagement and financial opportunity for selected firms that can effectively demonstrate technical qualifications and provide best-value services.