Opportunity
District of Columbia Cobblestone Systems #CFOPD-23-A-043E
District of Columbia exercises option for real estate development advisory services
Posted
October 25, 2023
Identifier
CFOPD-23-A-043E
NAICS
541611, 531390
The District of Columbia has exercised a one-year option with Hayat Brown LLC for real estate development advisory services. - Government buyer: Government of the District of Columbia; Office of the Chief Financial Officer, Office of Contracts, on behalf of the Office of Economic Development Finance. - Vendor: Hayat Brown LLC, under agreement CFOPD-23-A-043E. - Services requested: - Real estate development advisory services. - Real estate financial and economic impact analysis. - Alternative finance and ownership structuring analysis. - Funding and pricing: The current option has an anticipated not-to-exceed amount of $100,000, with a cumulative anticipated not-to-exceed amount of $400,000. Services are ordered as needed through task orders at fixed hourly rates; funding is secured when each task order is issued. No service quantities are guaranteed. - Notable terms: Individual task orders are capped at $100,000, and aggregate task orders are capped at $900,000 per annual period unless otherwise authorized.
Description
The contract is for real estate development advisory services for the District of Columbia. The agreement identifies related service categories including real estate financial/economic impact analysis and alternative finance and ownership structuring analysis. The current term runs from November 1, 2026, through October 31, 2027, and the Modification 3 document states an anticipated not-to-exceed amount of $100,000 for that period. The contractor is Hayat Brown, LLC.