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I-195 Redevelopment District·Rhode Island

RFP - Economic Development and Real Estate Consulting Services

Closes 4/3/2026$500k – $1.5MRequest for Proposal
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Description

The I‑195 Redevelopment District is seeking a consultant (or consortium) to provide economic development, market, and real‑estate financial analysis services on a three‑year on‑call basis, and optionally to develop an Innovation District Advancement Strategy. The work includes economic impact modeling, market feasibility studies, real‑estate pro‑forma analysis, competitive positioning of the district, site acquisition assessments, and a multi‑year implementation roadmap. Proposals must include qualifications, past performance, fee structures (hourly rates or flat fees), ISBE participation plans, and required insurance. The district will evaluate technical merit, personnel qualifications, cost, and minority‑business participation.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Caroline Skuncik(Contact for Questions)

[email protected]

(401) 400-5401

Key dates

Opened
2/26/2026
Questions due
3/11/2026
Closes
4/3/2026
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541618
Solicitation №
RFP-I19573

Budget estimate

$500,000 – $1,500,000

No contract value is disclosed. Based on typical rates for senior economic‑development consultants ($150‑$300 per hour) and the three‑year on‑call nature, the district could spend roughly $500,000‑$1,500,000 over the contract term, plus an additional $150,000‑$300,000 for the fixed‑price Innovation District Strategy (if pursued).

AI estimate from the solicitation

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