RFP 2026-1194 Real Estate Brokerage Services

Texas Tech University is seeking qualified and licensed real estate brokerage firms to provide comprehensive land, commercial, and residential real estate services on a non-exclusive basis, covering acquisition, disposition, leasing, valuation, and strategic advisory across local, state, and national markets. The solicitation, numbered RFP 2026-1194 and issued on June 5, 2026, requires proposals to be submitted via the TechBid portal by June 29, 2026, at 10:00 AM Central Time. Selected firms will be awarded contracts with a maximum term of four years, commencing July 1, 2026, or upon the last signature, whichever is later. Proposals must include a detailed compensation schedule covering all service types—commercial and residential purchase and sale, land transactions, leasing as both lessor and lessee—and must apply uniformly across all TTU departments, with no limitations to select units. Prices will remain fixed for the first twelve months, after which adjustments may be made based on the CPI-U, subject to documented increases. Firms must demonstrate at least five years of experience in brokerage and leasing services and maintain current, active real estate licenses in good standing in all jurisdictions where TTU conducts business. Compliance with Texas Government Code 2254 and relevant chapters of the Texas Occupations Code—specifically 1001, 1071, 1101, 1102, and 1103—is mandatory, alongside adherence to TTU Regents’ Rules Chapter 08 Facilities. Evaluation for award will prioritize professional services based on a weighted scoring system: 35% for technical approach and methodology, 35% for past performance on similar public contracts, and 30% for the qualifications of assigned staff. Insurance requirements include a $1,000,000 per occurrence professional liability policy, Commercial General Liability coverage with completed operations and insured contract liabilities, and Workers' Compensation with statutory Coverage A and $1,000,000 Employer’s Liability Coverage B. TTU must be named as an additional insured on all policies except Workers’ Compensation, with a waiver of subrogation in TTU’s favor. Certificates of insurance must be submitted to Procurement Services at least 30 days before contract execution or renewal. Proposers must provide resumes for key personnel, five client references with contact details, and complete Attachments A and B as