The only reason the RFP required bidders to include a ceiling price was to protect transferred employees from being gouged on property management services, which they had to pay themselves out of money the government had given them. We were all told we should assume we would be managing approximately 7,200 property management files per year. We were also told to assume a rental amount of $12,000 per year, or $1,000 a month in rent. Property management fees are typically expressed as a percentage of the rent. We did 8%--
On January 29th, 2007. See this statement in context.