Real Estate Services & Strategies

The university issues RFQs and RFPs for a variety of projects – especially ground lease transactions for auxiliary uses and build-to-suit projects for the university's use.

Commonly, an RFQ is used to develop a short list of most qualified development teams to compete in the RFP phase. For certain more specialized projects where there are a limited number of qualified entities all of whom are known to the university, it may be appropriate to issue an RFP to those entities, saving the RFQ step.

Conversely, where the planning, design and entitlement of a potential project will require so much give and take between the university, the development team and other interested parties that an RFP process is not practical, it may be appropriate to select the most qualified development team with whom to work through an RFQ process, forgoing the RFP.