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Request for Qualifications-NYC Parking System

Request for Qualifications-NYC Parking System

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Published by: dana_rubinstein on Jun 11, 2012
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Responses due on Tuesday, July 31, 2012by 3:00 pm New York City timeIssued June 11, 2012
Request for Qualifications
City of New York Parking SystemPrivate Management Agreement
Page 2 of 18
The City of New York (the “City” or “New York”), through its Department of Transportation (“DOT”), isseeking Statements of Qualification (“SOQ”) from companies (“Respondents” and each, a “Respondent”)in order to establish a Pre-Qualified List (“PQL”) of Respondents who may be selected to compete for apotential Private Management Agreement (“PMA”) with respect to the City’s parking system, the largestmunicipal parking system in the U.S., which consists of approximately 89,500 spaces throughout the fiveboroughs (the “Parking System”).The City’s Parking System consists of: (i) approximately 80,800 on-street spaces, which includes 54,000on-street spaces paid for via 8,500 Muni-Meters and 27,000 single-space meters (the “On-StreetSystem”); and (ii) 8,700 off-street spaces, which includes 9 garages with 3,700 stalls and 4,900 surfacelot stalls in 33 parking fields (the “Off-Street System”). As the On-Street System represents over 90% of the total spaces in the City’s Parking System, it is the primary focus of this Request for Qualifications(“RFQ”). However, the City will also welcome detailed feedback on Off-Street System alternatives if Respondents identify opportunities for enhanced performance.DOT’s intent in developing a PQL is to establish a list of competent and experienced firms for a potentialPMA procurement, consistent with the overall policies, goals and requirements of the City. DOT willselect only highly qualified Respondents with substantial expertise and experience operating complex,large-scale parking systems.In exploring a PMA for the Parking System via this RFQ, the City has two primary objectives:1. To build a comprehensive understanding of the private sector’s capabilities and experiencein managing large, complex parking operations. In particular, the City seeks detail withrespect to parking systems that achieve operational and financial performance at levelshigher than the City’s Parking System; and2. To bring the private sector’s expertise in operations and innovation into assessingopportunities for a potential PMA for the City.Overall, the City wishes to evaluate detailed opportunities to improve service to the public and revenueto the City through a PMA whereby a private entity would operate and maintain the City’s ParkingSystem (the “Private Manager”). Any such arrangement would maintain the City’s control over meter rates, installation and removal of meters, operating hours of metered spaces, enforcement andadjudications. Further discussion of the potential PMA structure is provided on the following page.
Importantly, this PMA process forms part of a broader City initiative to:
Seek private-sector guidance on innovative ways to enhance the efficiency and quality of services the City provides to its residents and business customers;
Develop new sources of revenue and/or relief for the City from future operating and capitalobligations;
Prioritize long-term value creation over short-term gains; and
Incorporate existing work forces and/or increase their productivity.
Page 3 of 18
In connection with the establishment of a PQL, the City is exploring incentive-based PMA structureswhich may include a Private Manager to:
Assume day-to-day management and operation of the Parking System and its core functions, including collections and meter maintenance;
Guarantee Parking System operational and financial results at a level higher than the levelthat the City anticipates being able to achieve on its own. (
Such “guarantee” to bebacked by significant performance security, including cash collateral or one or more letters of credit);
Earn incentive compensation based on guaranteed levels of operational and financialperformance; and
Fund certain negotiated Parking System capital expenditures such as all costs associatedwith equipment, infrastructure and software needed to implement new technologies andinnovations.Overall, any PMA will establish the framework and terms and conditions of a strategic relationshipbetween the City and Private Manager pursuant to which the Private Manager would manage ParkingSystem operations and, to a broad extent, introduce opportunities for innovation and improved customer service for City residents and the travelling public.
The City is particularly focused on exploring private-market ideas that would implement industry bestpractices and extend the City’s record of innovation in this area. A responsive SOQ will, among other things, demonstrate detailed technical and financial qualifications and provide detailed descriptions of thehistorical performance of parking projects undertaken by the Respondent, specific measuresimplemented and corresponding results achieved.Importantly, exploring such ideas and qualifications is conceptually consistent with DOT’s Strategic Plan,which incorporates: (i) innovative parking management programs; (ii) supportive technologies to make iteasier for motorists to find a parking space; and, (iii) introduction of a wider set of payment options.Combined with other curb-management practices, innovative parking management can improve motoristconvenience, help reduce double-parking and blockage of bus stops and hydrants, reduce vehicle milesspent searching for an available space, and increase compliance with curbside regulations.

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