Financial Services, Real Property Title

The City of St. Petersburg, Florida, through its Real Estate and Property Management office, has issued a Request for Proposals (RFP-26-034) seeking qualified vendors to provide comprehensive financial services related to real property title. These services include the preparation of title reports, title commitments, title insurance policies, escrow management, closing services, and related transactional support for the City’s extensive real estate portfolio. The contract accommodates transactions such as fee simple acquisitions, easements, foreclosures, quiet title actions, and extended title searches exceeding 30 years. Vendors must be licensed title agencies in Florida and comply with applicable laws including Florida’s public records statutes and procurement policies. The solicitation sets forth a structured evaluation process emphasizing both qualitative and cost factors, with a total of 100 points distributed primarily among Project Team qualifications (30%), Project Approach (29%), Key Personnel (15%), and Past Project Experience (10%), alongside Cost Analysis (10%) and local business certifications for Small Business Enterprises (SBE) and Minority/Women-Owned Business Enterprises (MBE/WBE) each weighted at 2%. Award decisions will be based on a best-value trade-off approach, allowing the City to weigh technical merit against pricing. The contract term is three years with an option to renew for an additional two years by mutual consent. Vendors must adhere to specific contractual requirements including indemnification provisions, insurance coverage (notably a $500,000 fidelity/crime insurance), criminal background checks, and E-Verify compliance. Subcontracting is permitted only with prior written approval. Performance and services are delivered primarily within the City of St. Petersburg, with closing services performed at City-designated locations. Proposal submission requires adherence to strict formatting and deadline guidelines with electronic submission via the City’s procurement portal by December 18, 2025. The solicitation does not specify fixed pricing or contract value, indicating that costs will be proposed by offerors and evaluated accordingly.