NYCEDC, as part of its mission, manages and develops real property on behalf of the City, through the disposition by long-term ground lease, net lease (together, “Leases”) or sales to either third party tenants or developers. NYCEDC acts as a ground lessor or landlord to a variety of industrial and commercial developers and tenants (collectively, “Tenants”) and oversees the leasing of more than 60 million square feet of real property throughout the five boroughs. Most Tenants report annual operating revenues of several million dollars. Certain NYCEDC Leases and applicable sale documentation (“Contracts of Sale”) contain revenue sharing provisions. As part of an effort to maximize revenues, the Consultant shall, at the direction of NYCEDC, audit specific Leases or Contracts of Sale contained within in NYCEDC’s real estate portfolio to determine Tenant compliance with the applicable revenue sharing provisions. The Consultant may be asked to provide recommendations for the structuring of revenue sharing provisions in future Leases and Contracts of Sale. Consultant may perform examinations of Leases and Contracts of Sale covering a variety of asset classes and uses including, without limitation, commercial, retail, hotel and industrial.

NYCEDC plans to select a consultant or consultants on the basis of factors stated in the RFP which include, but are not limited to: the quality of the proposal, experience of key staff identified in the proposal, experience and quality of any subcontractors proposed, demonstrated successful experience in performing services similar to those encompassed in the RFP, and the proposed fee.

Detailed submission guidelines and requirements are outlined in the RFP, available as of Monday, April 14, 2008. The RFP is available for in-person pick-up between 9:30 a.m. and 4:30 p.m., Monday through Friday, from NYCEDC, 110 William Street, 6th floor, New York, NY (between Fulton & John streets).

RESPONSES ARE DUE NO LATER THAN 4:00 p.m. on Tuesday, June 10, 2008. Please submit six (6) sets of your proposal to: NYCEDC, 110 William Street, 6th Floor, New York, NY 10038, Attention: Maryann Catalano, Vice President, Contracts.

Respondents may submit questions and/or request clarifications from NYCEDC no later than 4:00 p.m. on Friday, April 18, 2008. Questions regarding the subject matter of this RFP should be directed to leaseauditrfp@nycedc.com. For all questions that do not pertain to the subject matter of this RFP please contact NYCEDC’s Contracts Hotline at (212) 312-3969. Answers to all questions will be posted by Wednesday April 23, 2008, to this page.  

Companies who have been certified with the New York City Department of Small Business Services as Minority and Women Owned Business Enterprises(“M/WBE”) are strongly encouraged to apply. To learn more about M/WBE certification and NYCEDC’s M/WBE program, please visit www.nycedc.com/mwbeprogram.