Opportunity
District of Columbia Cobblestone Systems #CFOPD-23-A-043G
District of Columbia real estate development advisory services
Posted
October 25, 2023
Identifier
CFOPD-23-A-043G
NAICS
531390, 523930
The District of Columbia is continuing its real estate advisory engagement with Robert Charles Lesser & Co., LLC for the Office of Economic Development Finance. - Government buyer: District of Columbia Office of Finance & Treasury, through the Office of the Chief Financial Officer and Office of Contracts, for the Office of Economic Development Finance. - Awarded vendor: Robert Charles Lesser & Co., LLC (RCLCO). - Services requested: On-call real estate development advisory services and real estate financial/economic impact analysis, ordered as needed through task orders at fixed hourly rates. No specific quantities are stated. - Current option: Option Year Three, with an anticipated not-to-exceed amount of $100,000; the cumulative anticipated agreement ceiling is $400,000. Funding is provided when task orders are issued. - Notable terms: Individual task orders are generally capped at $100,000, and the original agreement states an aggregate task-order limit of $900,000 per annual performance period unless otherwise authorized in writing.
Description
The contract is for real estate development advisory services for the District of Columbia. The BPA also covers real estate financial/economic impact analysis, as required, and services are ordered through task orders using fixed hourly rates. It provides for a base period through October 31, 2024, with up to four one-year option periods; the source states that three options have been exercised. The current term is November 1, 2026 through October 31, 2027, with an anticipated not-to-exceed amount of $100,000 for that period.