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VII. Evaluation Criteria
from 100 N MAIN RFP
VII. EVALUATION CRITERIA
The proposals will be evaluated on a 100-point scale using the criteria below. The criteria will be used by the RFP Selection Committee to identify finalist firms.
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A. Alignment with the project goals and design principles, and RFP submission requirements (30 points) 1. Proposal meets the project goals and design principles outlined in this RFP. 2. Financial benefits to the City of Memphis & Shelby County including payment for the acquisition of the site, incremental tax revenues, job creation, and any secondary financial impacts.
B. Developer’s expertise, experience, and project feasibility (30 points) 1. Developer has a track record of delivering high-quality commercial redevelopment projects of a similar scale and level of complexity. 2. Proven ability to attract financing and equity for similar projects. 3. Proposed capital stack and financing strategy. 4. Project is economically sound and supported by realistic assumptions. 5. Project does not face insurmountable regulatory hurdles or constraints.
C. Diversity, outreach, & inclusion (25 points) 1. Demonstrated commitment and clear plan to meet or exceed the DMC’s goals for diversity and inclusion in the project design, contracting, and subcontracting. 2. Experience meeting or exceeding similar goals on relevant projects. 3. Projects with significant MWBE ownership are preferred.
D. Public parking & mobility (15 points) 1. Project incorporates diverse mobility options in addition to public parking. DOWNTOWN MEMPHIS COMMISSION 114 N. MAIN STREET, MEMPHIS, TN 38103 2. Projects that provide a total number of public parking spaces to meet or exceed the amount of existing parking on site are preferred.
Each proposal will be evaluated on a 100-point scale using the criteria below. The criteria will be used by the RFP Selection Committee to identify a shortlist of finalist firms to interview.
Public parking & mobility (15 points) 1. Number of proposed public parking spaces meets or exceeds existing parking on site. 2. Projects that provide a total number of public parking spaces to meet or exceed the amount of existing parking on site are preferred.
