LEASE

City of Chicago

Published: Mar 4, 2025

Updated: Apr 29, 2026

Source: chicago_contracts

This tender has been awarded

Awarded to Terra Funding Chicago LLC — $1,164,882

Browse open Construction & Civil Works tenders in United States

About This Opportunity

Services contract award: LEASE. By City of Chicago in United States, construction & civil works. Awarded to Terra Funding Chicago LLC (USD 1.2M, Mar 2025).

This is a services contract in the construction and civil works, security and defense and urban development and housing sectors, with a focus on Buildings and Real Estate. Located in United States, North America, this opportunity is open to firms and consortiums, with an estimated budget of USD 1.2 million.

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 seeks proposals for a property lease within the United States, specifically managed through the chicago_contracts platform. The Department responsible for this procurement is seeking a vendor to provide suitable commercial or office space. The contract type is a PROPERTY LEASE, indicating the requirement for the rental of real estate for an extended period. While specific details regarding the size, location within Chicago, or required amenities are not provided in this initial summary, typical requirements for such leases often include adherence to building codes, accessibility standards, and potentially specific security features.

The contracting authority, identified through the chicago_contracts source, will evaluate submissions based on factors such as rental costs, lease duration, the suitability of the proposed property to meet departmental operational needs, and the vendor's capacity to provide a well-maintained and secure leased space. Interested parties are expected to demonstrate a clear understanding of the requirements for commercial property leasing and present a compelling offer that aligns with the contracting authority's objectives. Further details regarding the precise specifications, evaluation criteria, and submission deadlines will be made available to registered bidders.

This procurement represents an opportunity for real estate entities to engage in a significant leasing agreement with a public sector organization in the United States.

Data provenance

This notice is sourced from Chicago Contracts and was originally published on March 4, 2025. Last refreshed 46 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

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.

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 Terra Funding Chicago 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?

Terra Funding Chicago LLC was awarded the contract for $1,164,882. The figure reflects the value disclosed by the contracting authority in the award notice.