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Awarded contract·Arkansas State University·Arkansas

Real Estate Residential Brokerage and Marketing Services

Won by Janet Jones Co$750kSingle Award
Contract source

Awarded vendors

  • Janet Jones Co

Description

This RFQ seeks to establish a Qualified Vendor List (QVL) of Arkansas‑licensed residential real‑estate brokerage firms capable of handling listing, sales, marketing, appraisal coordination, and closing services for the Arkansas State University System’s residential property portfolio. The solicitation outlines detailed scope categories, minimum qualifications (state licensure, reputation, market knowledge, and customer‑service record), and a scoring matrix that awards points for experience, marketing knowledge, staff qualifications, and planning. Submissions must include firm information, team bios, past project examples, and proof of licensure, with a deadline of 4:30 p.m. on March 6 2026. The top five scoring firms will be placed on the QVL for a three‑year term, renewable up to seven years, and may be engaged on a per‑need basis. No specific fee schedule or award amount is disclosed. • Scope: residential brokerage, listing, sales, negotiation, appraisal and closing coordination. • Qualification focus: Arkansas licensure, local market expertise, and proven customer‑service excellence. • Evaluation: 100‑point rubric; top five firms become QVL vendors and may be interviewed. • Term: initial 3‑year QVL, renewable up to total 7 years; cancellation with 30‑day notice. • Submission: paper and USB copy by March 6 2026; contact Landen Crancer for questions.

Attached files

Key dates

Bids closed
3/6/2026

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531210
Solicitation №
RFQ 26-34

Contract value

$750,000

The solicitation does not disclose a contract ceiling. However, typical university systems’ residential property portfolios involve dozens of transactions annually, each generating brokerage commissions ranging from 2‑5% of sale price. Assuming an average annual transaction volume of $30 million (conservative for a multi‑campus system) and a 3‑year QVL term, the potential fee exposure could be roughly $1.5‑$3.0 million over the initial term. A modest ball‑park estimate for the first three‑year period is therefore about $2 million, with annual spend around $600‑$700 k. Considering the agency may only engage a handful of firms per transaction, the contract value for any single vendor would likely be in the low‑hundreds of thousands. Hence a reasonable single‑vendor estimate is approximately $750,000 for the three‑year horizon.

AI estimate from the award documents

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