L-12064 / lease

City of Chicago

Published: Feb 25, 2025

Updated: Jun 22, 2026

Source: chicago_contracts

This tender has been awarded

Awarded to 627 ALBANY PORTFOLIO LLC — $352,484

Browse open Construction & Civil Works tenders in United States

About This Opportunity

Award notice from City of Chicago (United States) — L-12064 / lease. construction & civil works. Awarded to 627 ALBANY PORTFOLIO LLC (USD 352K, Feb 2025).

This is a services contract in the construction and civil works, security and defense and trade and industry sectors, with a focus on Buildings. Located in United States, North America, this opportunity is open to firms and consortiums, with an estimated budget of USD 352,484.

Published through Chicago Contracts, a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for services in the construction and civil works sector. Service contracts are typically evaluated on both technical quality and price, and may require bidders to demonstrate relevant experience and qualified personnel. This contract has already been awarded. The information is published for transparency and market intelligence purposes.

Description

This tender, identified as L-12064 / LEASE, is an opportunity within the United States for a property lease. The procurement is being managed by an unspecified department within the Chicago contracts framework. The contracting authority is seeking to secure suitable commercial or industrial property through a lease agreement. This type of tender typically involves detailed specifications regarding the required property's size, location, zoning, accessibility, and any necessary infrastructure or amenities. Bidders will be expected to demonstrate their capacity to provide a property that meets the stated operational needs of the contracting authority.

The process will likely involve a rigorous evaluation of submitted proposals, considering factors such as rental terms, lease duration, maintenance responsibilities, and the overall cost-effectiveness of the proposed lease. Prospective vendors should be prepared to provide comprehensive information about the property, including floor plans, site surveys, and evidence of ownership or management rights. Furthermore, compliance with local building codes, environmental regulations, and any specific security requirements will be paramount. This lease acquisition is a critical component for the contracting authority's operational requirements, and successful bidders will enter into a formal agreement governing the use and occupancy of the leased premises. The objective is to secure a long-term, functional, and economically viable property solution.

Data provenance

This notice is sourced from Chicago Contracts and was originally published on February 25, 2025. Last refreshed 4 days ago. BidsFactory mirrors official procurement notices and links back to the source for full legal text.

About City of Chicago

City of Chicago has issued 1,915 procurement notices on BidsFactory, including 0 currently open and 1,915 awarded contracts. Activity concentrates in Health & Medical, Urban Development & Housing, and Finance & Banking. All notices are published for United States. Notices are distributed via Chicago Contracts. Most recent publication: June 12, 2026.

Frequently asked questions about this tender

How can I submit a bid?

Visit Chicago Contracts to access the full notice, required documents, and submission instructions provided by the contracting authority.

Is this tender still open?

No — the contract has already been awarded to 627 ALBANY PORTFOLIO LLC. The award notice is archived on BidsFactory for transparency and market intelligence.

Who is the contracting authority?

This notice was issued by City of Chicago in United States. The authority is responsible for evaluating bids, awarding the contract, and managing performance.

What type of contract is this?

This is a Services contract in the Construction & Civil Works sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.

How much was the contract awarded for?

627 ALBANY PORTFOLIO LLC was awarded the contract for $352,484. The figure reflects the value disclosed by the contracting authority in the award notice.

Where will the contract be performed?

The contract is for delivery in United States. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.