Founded in 1890, the University of Chicago (UChicago) is one of the world’s premier academic and research institutions, enrolling nearly 6,000 undergraduate and 10,000 graduate students. In 2016, UChicago selected Scion through a competitive request for proposals (RFP) process to advise the University on its contemplated public-private partnership (P3) student residential and dining commons.
Scion’s P3 Advisory work included:
- Finalizing programmatic requirements for the project
- Worked with the University CFO and Financial Advisor to design an RFP that was responsive to rating agency and auditor criteria
- Supported the University in developing a high-quality RFP that includes scope, design, evaluation criteria, and key contractual terms
- Analyzed responses for the Evaluation Committee so it can decide which firms to advance to finalists
- Participated in shortlist firm interviews and working sessions
- Provided regular updates to the University Board of Trustees Real Estate Subcommittee
- Advised the negotiation of the pre-development agreement and ground lease terms