What the buyer needs
AI summaryThe Teacher Retirement System of Texas (TRS) seeks subscription-based access to a commercial real estate information and analytics platform. This platform will support investment underwriting, market research, and decision-making for TRS’ real estate investment activities. Respondents must have at least four years of experience providing similar real estate market analytics services. Proposals must be submitted through TRS’ Procurement and Vendor E-System (PAVES). Evaluation criteria include past performance and client references (30%) and proposed pricing (20%). Respondents may be required to participate in presentations, demonstrations, or interviews.
Scope of work
- Commercial property information including characteristics, location, asset type, ownership, tenant, and occupancy data
- Lease comparables, leasing activity, lease history, asking rents, and tenant intelligence
- Sales comparables, transaction history, for-sale information, and ownership changes
- Market and submarket analytics including rent, vacancy, availability, absorption, and trend indicators
- Search, filtering, saved search, alert, reporting, and export capabilities
- Commercial real estate news, research, market commentary, and data verification
- Account management, onboarding assistance, user support, training resources, and technical support
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Respondent Past Performance and Client References | 30% |
| Respondent’s Key Personnel | 10% |
| Proposed Performance Details | 40% |
| Proposed Pricing | 20% |
Minimum qualifications
- Minimum of four (4) years of experience providing real estate market analytics services similar in scope
Documents to include with your response
- PAVES Questionnaire
- Description of qualifying organizational experience with dates or period
- Signed and dated Addendum 1 cover page
- Signed and dated Addendum 2 cover page
- VetHUB Subcontracting Plan (if subcontracting)
How to submit
- Method
- Electronic via TRS Procurement and Vendor E-System (PAVES)
- Instructions
- Respondents must create a confirmed bidder account in PAVES, complete the PAVES Questionnaire, and submit Proposals through the portal.