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PROPOSED CONTRACT
Department(s): Department of Real Estate Management
Vendor: CBRE, Inc., Chicago, Illinois
Request: Authorization for the Chief Procurement Officer to enter into and execute
Good(s) or Service(s): Property Redevelopment Strategic Planning and Feasibility Analysis Consultant Services
Contract Value: $537,851.00
Contract period: 4/1/2020 - 3/31/2022 with two, one-year renewal options
Potential Fiscal Year Budget Impact: FY2020 $482,101.00; FY2021 $55,750.00
Accounts: Capital Improvement Program
Contract Number(s): 1823-17224
Concurrences:
The vendor has met the Minority-and Women-owned Business Enterprise Ordinance via direct participation.
The Chief Procurement Officer concurs.
Summary: This contract will allow the County to maximize the value of County assets, determine the highest and best use of the Oak Forest Campus and provide the County with a source of revenue while preserving flexibility for future County needs. This contract was awarded through a competitive Request for Proposals (RFP) process in accordance with the Cook County Procurement Code. CBRE, Inc. was selected based on established evaluation criteria.
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