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A NEW SERIES ON RFPs, CAPITAL PLANNING, AND PUBLIC/PRIVATE PARTNERSHIPS This is the first in a series of articles by Neil Calfee. Currently the principal of NPC Group, specializing in the creation and negotiation of public/private Partnerships, Neil Calfee previously served as Arizona State University’s director of real estate development. He has over 15 years of experience in development and management of complex development projects involving partnerships between government entities and the private sector. This article reviews 5 mistakes institutions commonly make in writing an RFP document. Calfee’s next article will review 5 frequent mistakes made in the solicitation and evaluation of responses once the RFP has been issued. You may also be interested in his recorded training, “Creating Financial Expectations in the Housing RFP Process.” So you want to issue an RFP for a campus capital project, how hard can that be? Quite easy, actually. But simply getting an offering on the street and administering a successful RFP process that brings you a quality development are two different things entirely. Here are 5 things that many institutions miss in their RFP processes: 5 mistakes that can cause annoyance at best or can completely derail the effort at worst. Mistake 1: […]

The Ohio State University recently monetized their parking operation — which OSU identified as a campus asset that was non-mission critical — and secured $400 million, most of which OSU invested in its endowment. As other institutions seek to counterbalance increasingly depleted revenue streams, OSU provides a key example of how to identify assets that are ideal for monetization. To learn more about the thinking behind OSU’s recent transition, we interviewed Michael Papadakis, Ohio State University’s treasurer, and Sarah Blouch, president of CampusParc LLP, an entity formed to manage university parking concessions—including the transaction recently closed at The Ohio State University. AI: What do institutions need to keep in mind when looking to monetize physical assets? “Typically in the past,” Papadakis notes, “when a service is needed, we have tended to think that we can provide that service better than anyone else. Our instinct is to want everything customized to our particular needs and culture. So the trend in the past was to bring everything in-house. That’s very counter-intuitive; it’s very different from how the corporate world looks at this.” “There are some things that it may not make sense for us to do in-house, and where it may be […]