Request for Information (RFI) - Effects of Interest Rate Reduction on Construction
Type: Special Notice
Overview

Buyer

VETERANS AFFAIRS, DEPARTMENT OFVETERANS AFFAIRS, DEPARTMENT OFOFFICE OF CONSTRUCTION & FACILITIES MGMT (36C10F)WASHINGTON, DC, 20001, USA

NAICS

Commercial and Institutional Building Construction (236220)

PSC

ARCHITECT AND ENGINEERING- CONSTRUCTION: HOSPITALS AND INFIRMARIES (C1DA)
Timeline
    Description

    The Department of Veterans Affairs (VA) is issuing a Request for Information (RFI) to assess the effects of recent Federal Reserve interest rate reductions on federal construction projects. The objective of this RFI is to gather insights from construction firms regarding how these interest rate changes may influence financial planning, cost of capital, pricing strategies, project viability, and risk management in relation to contracting with the federal government. This initiative is crucial for understanding the financial impacts of interest rate decreases and potential adjustments in bidding strategies, ultimately enhancing the attractiveness of partnering with the VA for construction work. Responses to the RFI are due by October 31, 2024, and should include company qualifications and insights relevant to the interest rate changes. For further inquiries, interested parties may contact Gerald Brusaw at gerald.brusaw@va.gov or Andrea Greene at andrea.greene2@va.gov.

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    Posted
    The Department of Veterans Affairs (VA) has issued a Request for Information (RFI) regarding the effects of recent Federal Reserve interest rate reductions on federal construction projects. This RFI aims to gather insights from construction firms on how these changes influence financial planning, cost of capital, pricing strategies, project viability, and risk management in the context of contracting with the federal government. Key inquiries focus on the financial impacts of interest rate decreases, potential adjustments in bidding strategies, and factors that could enhance the attractiveness of partnering with the VA for construction work. This initiative serves exclusively for information and planning purposes, with no binding agreement established. Responses should be submitted by October 31, 2024, detailing company qualifications and insights relevant to the interest rate changes. The RFI emphasizes that it is not a solicitation and carries no obligation for the government to proceed with contracts based on the responses received.
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