District of Columbia Cobblestone Systems #CFOPD-23-A-043H

District of Columbia real estate development and financial advisory services agreement

The District of Columbia awarded SB Friedman Development Advisors a task-order-based agreement for real estate development and financial advisory services. - Government buyer: Government of the District of Columbia, through the Office of the Chief Financial Officer (OCFO); the Office of Contracts administers the agreement. The requiring offices identified include the Office of Economic Development Finance and the Office of Finance & Treasury (OFT). - Named service provider: SB Friedman Development Advisors, also identified as SB Friedman Development Advisors, LLC. - Services requested: - Real estate development advisory services. - Real estate financial and economic impact analysis. - Alternative finance and ownership structuring analysis. - Commercial terms and requirements: - Services are ordered as needed through task orders and priced using fixed hourly rates; the agreement does not guarantee a minimum purchase. - Individual task orders are capped at $100,000. Aggregate orders are capped at $900,000 per annual performance period unless authorized otherwise. - The anticipated not-to-exceed amount is $100,000 per option period, with a $400,000 cumulative anticipated amount stated for the base period and exercised options. - The agreement allows up to four one-year options; three have been exercised. - No products, part numbers, or service quantities are specified.

Description

The District of Columbia Office of the Chief Financial Officer issued a Blanket Purchase Agreement to SB Friedman Development Advisors, LLC, for real estate development advisory services. Services may include real estate development advisory services, real estate financial/economic impact analysis, and alternative finance and ownership structuring analysis, as required by task orders. The agreement began November 1, 2023, and provides for up to four one-year option periods; 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.

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