SBE-AU14 - Commercial Real Estate Due Diligence Services

The Illinois State Board of Education (ISBE) is soliciting proposals for commercial real estate due diligence services for a property located at 400 W. Lawrence Ave, Springfield, IL. The scope of work includes a Property Condition Assessment (PCA) conducted per ASTM E2018 standards, a Phase I Environmental Site Assessment (ESA) following ASTM E1527 and All Appropriate Inquiries (AAI) regulations, and a tier-1 visual ADA accessibility review. The selected vendor must provide comprehensive electronic reports featuring findings, photographs, deficiency identifications, estimated remaining useful life of major systems, and an executive summary. The desired deadline for due diligence and closing is November 1, 2027. To be considered responsive, vendors must demonstrate at least five years of experience in commercial property due diligence and possess all necessary professional licenses, including a Professional Engineer or Professional Geologist license for environmental assessments. Proposals must include resumes of key personnel, a flat-fee itemized cost proposal, and confirmation that all services will be managed under a single contract. Required insurance coverages include $1,000,000 per occurrence for General Commercial Liability and Auto Liability, with a $2,000,000 annual aggregate for general liability. The contract is governed by the State of Illinois Chief Procurement Office General Services Standard Terms and Conditions V23, with payments processed according to the State Prompt Payment Act.