# 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.

[View original listing](https://dc.cobblestonesystems.com/public/ContractDetails.aspx?cid=2219&wc=oplYouSJ3cTDS2kwbVIpBwwVV%2f%2fMskyO8V%2buO5UNJpU%3d)