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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 6/24/2025$500k – $5MRequest for Proposal
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Description

The West Virginia Department of Administration, Purchasing Division, is seeking a partner to provide management of the State of West Virginia's vertical real estate assets. The partner will be responsible for providing services such as permitting, engineering, and equipment installation, as well as ensuring compliance with state regulations and industry standards. The partner will also be required to provide revenue share information and to ensure transparency to the state. The proposal should include information on the vendor's qualifications, experience, and approach to meeting the requirements of the RFP. Some key points to note include: * The vendor should have experience in vertical real estate asset development and management * The vendor should provide contact information for three references where similar work has been done * The vendor should provide information on their approach and methodology for meeting the project goals and objectives * The vendor should provide information on their qualifications and experience in providing services similar to those requested in the RFP * The cost proposal should include the percentage revenue share for the state

Attached files

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

Contact

Larry D. McDonnell(Buyer)

[email protected]

(304) 558-2063

Key dates

Opened
6/4/2025
Questions due
3/18/2025
Closes
6/24/2025

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
53131
Solicitation №
CRFP-0231-OOT2500000001-12

Budget estimate

$500,000 – $5,000,000

The budget for this contract is likely to be substantial, given the scope of the project and the fact that it involves the management of the state's vertical real estate assets. However, the exact budget amount is not specified in the RFP. Based on the information provided, it is estimated that the budget could be in the range of $500,000 to $5 million per year, depending on the specific services provided and the revenue share agreement.

AI estimate from the solicitation

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