Tif rda

DEPARTMENT OF PLANNING AND DEVELOPMENT

Published: Apr 22, 2024

Updated: Apr 29, 2026

Source: chicago_contracts

This tender has been awarded

Awarded to mHUB — $17,550,000

Browse open Finance & Banking tenders in United States

About This Opportunity

Services contract award: Tif rda. By Department OF Planning AND Development in United States, finance & banking. Awarded to mHUB (USD 17.6M, Apr 2024).

This is a services contract in the finance and banking, urban development and housing and Monitoring Evaluation sectors, with a focus on Taxation and Urban Infrastructure. Located in United States, North America, this opportunity is open to firms and consortiums, with an estimated budget of USD 17.6 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 finance and banking 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

The City of Chicago, through its Department of Planning and Development, is seeking proposals for the TIF RDA initiative.

This procurement, categorized under Comptroller-Other contracts, aims to engage a qualified vendor to provide essential services and support related to Tax Increment Financing (TIF) Redevelopment Area (RDA) activities. The objective is to foster economic development and revitalization within designated areas of the city through strategic TIF utilization.

This tender is specifically seeking a vendor with demonstrated expertise in managing and supporting TIF districts and their redevelopment efforts. While specific deliverables will be detailed in the full tender documentation, typical requirements for such a procurement often include market analysis, financial modeling, community engagement facilitation, technical assistance to businesses, and the development of strategic plans for TIF-funded projects. The selected vendor will be expected to collaborate closely with the Department of Planning and Development to ensure alignment with the city's economic development goals and to maximize the impact of TIF investments.

The contracting authority, the Department of Planning and Development, is committed to transparency and competitive bidding. Interested parties are encouraged to review the comprehensive tender documents, which will outline the full scope of work, evaluation criteria, submission deadlines, and all contractual terms and conditions. This opportunity represents a significant chance to contribute to the economic growth and urban renewal of Chicago.

Data provenance

This notice is sourced from Chicago Contracts and was originally published on April 22, 2024. Last refreshed 48 days ago. BidsFactory mirrors official procurement notices and links back to the source for full legal text.

About DEPARTMENT OF PLANNING AND DEVELOPMENT

DEPARTMENT OF PLANNING AND DEVELOPMENT has issued 2,459 procurement notices on BidsFactory, including 0 currently open and 2,459 awarded contracts. Activity concentrates in Urban Development & Housing, Construction & Civil Works, and Governance & Public Administration. All notices are published for United States. Notices are distributed via Chicago Contracts. Most recent publication: June 9, 2026.

Frequently asked questions about this tender

What type of contract is this?

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

How much was the contract awarded for?

mHUB was awarded the contract for $17,550,000. 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.

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 mHUB. The award notice is archived on BidsFactory for transparency and market intelligence.

Who is the contracting authority?

This notice was issued by DEPARTMENT OF PLANNING AND DEVELOPMENT in United States. The authority is responsible for evaluating bids, awarding the contract, and managing performance.