Real Estate Appraisal Services

The vendor is required to provide real estate appraisal services for include:
• The appraisal shall, in form and substance, conform to recognized appraisal practices and to the principles of evaluating property for determining values.
• The firm must be familiar with the rules and regulations of the RIDEM as they may apply to freshwater wetlands and ISDS; and the farm, forest and open space act; especially forest land.
• The price for appraisals of the initial three (3) parcels shall be included in the lump sum price quoted on the bidders’ blank.
• The performance of services or acceptance of all reports required hereunder shall not relieve the appraiser from obligations to correct any defective work subsequently discovered, and all incomplete, inaccurate or defective work shall be remedied by the appraiser within ten (10) days on demand without cost to providence water.
• In the event that the testimony of the appraiser is required in any administrative or legal proceedings, the appraiser agrees to appear as a witness on behalf of providence water and agrees that fair and reasonable compensation for these services shall be charged.
• The appraiser shall keep such personal records of all details with respect to the appraisals of property, buildings and their contents which will enable the appraiser to appear as such witness.
• The appraiser agrees to perform any additional services as required by providence water prior to the completion of the contract.
• The appraiser will furnish an estimate of the costs involved, and will not proceed with any additional work until notified of authorization by providence water in writing.
• The appraiser agrees that his report and conclusions are for the confidential information of providence water and that he will not disclose his conclusions, in whole or in part, to any person whatsoever other than to submit his written report to providence water and will only discuss the same with it or its authorized representatives, or if called upon to testify in relation to such report and conclusions under oath in an administrative or judicial forum for the purpose of determining fair market value.
- Contract Period/Term: 2 years
- Questions/Inquires Deadline: July 07, 2025