Posting Language
Title
Authorize an amendment to a contract for continued facility space programming and analysis, financial analysis, pre-development, and real estate brokerage services with CBRE Inc., to increase the amount by $962,000 for a revised total contract amount not to exceed $2,277,000.
[Note: This contract was not originally reviewed by SMBR for compliance with City Code Chapter 2-9B (Minority Owned and Women Owned Business Enterprise Procurement Program) due to the contract award amount. Currently, there are no subcontracting opportunities identified; therefore, no goals have been established].
Body
Lead Department
Financial Services Department.
Client Department(s)
Financial Services Department.
Fiscal Note
Funding in the amount of $600,000 is available in the Fiscal Year 2023-2024 Operating Budget of the Financial Services Department.
Funding for the remaining contract term is contingent upon available funding in future budgets.
Purchasing Language:
Contract Amendment.
Prior Council Action:
March 9, 2023 - Council approved Work Authorization No.1 increasing the contract by $955,000.
For More Information:
Direct questions regarding this Recommendation for Council Action to the Financial Services Department - Central Procurement at: FSDCentralProcurementRCAs@austintexas.gov or 512-974-2500.
Additional Backup Information:
This amendment will provide funding for feasibility studies at 411 Chicon and One Texas Center, and change management services for the remaining three years - analysis, consulting, feasibility, and pre-construction work for specific projects, facilities, and real estate transactions. CBRE Inc. provides development real estate and development advisor services for the City's facility needs throughout Austin. This contract represents an innovative approach to planning and managing the City's portfolio of facilities, allowing the City to leverage the capabilities of the private sector as the City looks to renovate, purchase, ...
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