Utah Public Procurement Place U3P #SLCo ASR130387 - RFP

Salt Lake County Seeks Web-Based Commercial Property Financial Software Solution

Salt Lake County's Assessor's Office is seeking a web-based commercial property financial software solution to support equitable property assessments. - Government Buyer: - Salt Lake County Assessor's Office - Products/Services Requested: - Web-based commercial property financial software service - Must provide 24/7 access (except for routine maintenance) - Support multiple simultaneous users and logins - Enable bulk/mass export of property data - Deliver audited property performance metrics, including: - Income figures - Expense figures - Market-derived capitalization rates (cap rates) - Reserve figures - Appraisal figures - Lender memos - Data sources must include CMBS/CLO loans - Emphasis on data completeness and consistent access - Optional: Additional commercial real estate services and innovative features - Unique/Notable Requirements: - Six-year contract term with annual price adjustments capped at 3% - Maintenance and support renewable annually as long as the software is in use - No specific OEMs or vendors named; open to all qualified providers - Place of Performance: - Salt Lake County, Utah

Description

Salt Lake County, on behalf of the Assessor, is seeking proposals from qualified firms to provide a web-based commercial property financial software service available 24/7, except for routine maintenance. The service must support multiple simultaneous users with multiple logins and allow bulk export of data. The software should include audited property performance metrics from sources such as CMBS/CLO loans, including income, expenses, market cap rates, reserves, appraisals, and lender memos to ensure uniform and equitable commercial real estate assessments.

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