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Awarded contract·Sedgwick County·Kansas

On-Call Commercial Real Estate Broker Services

Won by CBRE, Inc. dba CBRE +6 more$1.2MAwarded 4/30/2026Multiple Award
Contract source

Awarded vendors

  • CBRE, Inc. dba CBRE
  • Colliers International North Texas, LLC
  • J.P. Weigand & Sons, Inc. dba Weigand Real Estate
  • Landmark Commercial Real Estate
  • Lange Real Estate
  • NAI Martens
  • ReeceNichols South Central Kansas

Description

This contract establishes an on‑call, multi‑vendor framework for Sedgwick County, Kansas to obtain commercial real‑estate brokerage services—including acquisition, disposition, leasing, broker’s price opinions, and related consulting—on an as‑needed basis. The award is a multiple‑award IDIQ with a two‑year base period and three one‑year renewal options, allowing the county to issue task orders to any of the seven selected firms. Compensation is primarily commission‑based (5‑6% of transaction values) with hourly rates for price‑opinion and consulting services, and the vendors must meet extensive insurance and indemnification requirements. The solicitation required a minimum of five years’ relevant experience and a full proposal package; the evaluation weighted technical capability (40 points) and cost competitiveness (25 points).

Attached files

Key dates

Bids closed
2/24/2026
Intent to award
4/30/2026
Awarded
4/30/2026
Starts
4/30/2026
Ends
4/30/2028Renews
Duration
2 years

Last updated

Details

Award type
Multiple Award
Procurement
Indefinite Delivery / Indefinite Quantity (IDIQ)
Industry
Real Estate
NAICS
531120
Solicitation №
26-0015

Contract value

$1,200,000

The RFP does not disclose a contract ceiling. However, the award structure is commission‑based (typically 5‑6% of transaction values) plus hourly fees for price‑opinion and consulting services. Assuming Sedgwick County conducts roughly $10 million in commercial real‑estate transactions per year (a modest estimate for a large county) and the average commission is 5%, the annual commission expense would be about $500,000. Adding an estimated $50,000–$100,000 per year for consulting and BOV services yields a total annual cost near $600,000. Over the two‑year base term, the contract value would therefore be approximately $1.2 million, with potential additional value if renewal options are exercised. Consequently, a reasonable ball‑park estimate for the contract’s total value is between $1 million and $1.5 million.

AI estimate from the award documents

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