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RFP- Economic Development and Real Estate Consulting Services Addendum 1
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Title:  

RFP- Economic Development and Real Estate Consulting Services Addendum 1

Agency:  

I‑195 Redevelopment District

State:  

Rhode Island

NAICS Code:  

541618

Industry:  

Consulting Services

Solicitation Type:  

Request for Proposal

Solicitation ID:  

RFP-I19573ADD1

Open Date:  

4/3/2026

Close Date:  

4/3/2026

Project Duration:  

3 years

Last Updated:  

Description:
The I‑195 Redevelopment District is seeking consultants to provide two inter‑related services: (1) an on‑call pool of economic‑development and real‑estate analysts who will respond to 1‑4 task orders per year over a three‑year period, and (2) a comprehensive Innovation District Advancement Strategy, potentially delivered in phases, with a final deliverable due by the end of 2026. Proposers may submit a combined bid covering both components or separate bids for each. The scope includes market and impact analyses, developer pro‑forma reviews, strategic planning, and public‑facing presentations. The District will supply parcel‑level data, tenant head‑count information, and assistance accessing anchor‑institution data. Budget amounts are not disclosed; pricing will be based on assumptions and negotiated task‑order rates.
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

Caroline Skuncik

(401) 400‑4362

Budget Estimate (AI):

$500,000 – $2,500,000

No firm‑priced budget is disclosed. Based on typical rates for high‑level economic‑development and real‑estate consulting (e.g., $200–$350 per hour for senior consultants) and an anticipated workload of 1‑4 task orders per year plus a multi‑month strategic study, the total contract value could range from roughly $500 K for a modest engagement to $2.5 M for a full‑service, multi‑phase implementation. Factors influencing the final amount include the number and complexity of task orders, the depth of the Innovation District study, and whether the District selects one firm for both components or splits the work.

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