I had the pleasure to connect with federal contracting expert, Lourdes Martin-Rosa, American Express OPEN Advisor on Government Contracting, and learn some government contracting insights specific to real estate in the Big Apple.
Here’s a snippet of our Q&A —
RR: What are some key procurement trends and insights surrounding the real estate business in the Big Apple?
Lourdes: One of the most growing procurement trends for the City of New York is Green Construction. According to the NYC Economic Development Corporation, Green Building needs are still in high demand and NYC has proven to lead the way. NYC has more LEED registered projects (492 – 2010) and more gross square footage of LEED registered projects (132 million sq ft) than any other city in the U.S. NYC is a significant market for energy efficiency technology, with the nation’s largest office space market and overall building stock (approx. 1 million buildings)
On October 2009, Mayor Bloomberg announced a comprehensive plan to grow the City’s green sustainable economy — highlights include:
- 30 initiatives will encourage and support the growth of green businesses and jobs;
- 13,000 new jobs will be created by 2018, doubling the City’s current green sector workforce;
- This legislative package will help increase the energy efficiency of city buildings, which account for 80% of NYC carbon emissions;
- The plan will save $700 million in energy costs, create 17,800 construction and energy efficiency related jobs, and lead to a 5% city wide carbon reduction;
- For large buildings over 50,000 square feet, the plan requires annual energy benchmarking, audits, and retro-commissioning every 10 years, and comprehensive lighting retrofits and tenant sub-metering by 2025.
RR: How can real estate and construction firms capture these upcoming opportunities?
Lourdes: Explore opportunities with the NYC Economic Development Corporation. For instance, the NYCEDC’s Department of Small Business Services offers guidance through its Procurement Outreach Program which provides training and literature on NYC’s procurement practices.
Another place real estate, construction, architectural design firms may seek “green” projects for 2012 is at the NYC Housing Authority. The following website is created to help provide information and guidance on how to procure with the NYC Housing Authority’s contract opportunities. Visit here to learn more: http://www.nyc.gov/html/nycha/html/business/procure_opps.shtml
RR: Thank You, Lourdes!
This is it for today, dear friends.