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  5. ›Vertical Real Estate Management Pursuant WV Code 31G-5

West Virginia Department of Administration, Purchasing Division·West Virginia

Vertical Real Estate Management Pursuant WV Code 31G-5

Closes 5/13/2025$250k – $1.8MRequest for Proposal
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Description

The West Virginia Department of Administration, Purchasing Division is issuing this solicitation as a request for proposal for the West Virginia Office of Technology to provide management of the State of West Virginia's vertical real estate. Key aspects of the job include: • Providing management services for the State's vertical real estate assets, including towers and tall buildings. • Conducting site visits and inspections to ensure compliance with regulations and industry standards. • Providing equipment installation and maintenance services. • Ensuring compliance with all applicable laws, regulations, and industry standards. • Providing revenue share information and ensuring transparency to the State. The successful bidder will be required to provide a detailed proposal outlining their approach, methodology, and qualifications for the project. Some key points to consider: • The contract term will be for a period of three years, with the option to renew for up to two additional one-year periods. • The contract will be awarded to the bidder who offers the best value to the State, based on a combination of technical and cost factors. • The State reserves the right to reject any or all bids, and to waive any informalities or irregularities in the bidding process.

Attached files

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

Contact

Larry D. McDonnell(Purchasing Division Buyer)

[email protected]

(304) 558-2063

Key dates

Opened
5/2/2025
Questions due
3/18/2025
Closes
5/13/2025
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
53131
Solicitation №
CRFP-0231-OOT2500000001-7

Budget estimate

$250,000 – $1,800,000

Based on the information provided, it is difficult to estimate the exact budget for this contract, as it will depend on various factors such as the number of assets managed, the revenue generated, and the terms of the contract. However, considering the scope of the project and the fact that the contract will be for a period of three years, with the option to renew for up to two additional one-year periods, the budget could potentially be in the range of $500,000 to $2 million per year, depending on the specific services provided and the revenue generated. The State will receive a percentage of the revenue generated from the management of the vertical real estate assets, which could range from 50% to 90% of the total revenue, depending on the terms of the contract. Therefore, the estimated budget range could be between $250,000 and $1.8 million per year, depending on the specific terms of the contract and the revenue generated.

AI estimate from the solicitation

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