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Awarded contract·Sedgwick County·Kansas

On-Call Commercial Real Estate Broker Services

$500kSingle Award
Contract source

Description

Sedgwick County, Kansas issued a competitive solicitation for on‑call commercial real‑estate brokerage services. The contract will provide acquisition assistance, market intelligence, price opinions, consulting, and negotiation support on an as‑needed basis for county facilities. The base term is two years with the possibility of three one‑year renewals, and the county will pay the vendor monthly after receipt of detailed invoices. Evaluation will be based on demonstrated ability, proposed process, cost competitiveness, qualifications, and completeness; the lowest price is not automatically decisive. The solicitation was open to all qualified firms, with a submission deadline of 1:45 pm CDT on August 12 2025, and bids were opened on the same day. No budget ceiling is disclosed, and the county requires specific insurance and indemnification coverage. • Scope includes property acquisition support, market data, broker price opinions, site inspections, and negotiations. • Base term 2 years, renewable up to three additional one‑year terms; either party may terminate with 30‑day notice. • Award will be based on a weighted scoring system, not solely on price, and the county may reject all proposals.

Attached files

Key dates

Bids closed
8/12/2025
Duration
2 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531120
Solicitation №
25-0046

Contract value

$500,000

No explicit contract dollar amount is disclosed. Comparable on‑call commercial brokerage contracts for a mid‑size county typically range from $200,000 to $300,000 per year, depending on transaction volume and market activity. Assuming a mid‑range annual fee of $250,000 plus typical reimbursable expenses, the 2‑year base term would be roughly $500,000. Adding potential renewal years (up to three) could raise the total to about $1.25 million if all renewals are exercised. Given the lack of a ceiling, a conservative ball‑park estimate for the initial 2‑year award is approximately $500,000.

AI estimate from the award documents

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