Property Appraisal Services

The Vendor is required to provide property appraisal assignments may include:
• Residential
• Commercial/industrial
• Land
• Income producing property
• Temporary and perpetual easements
- Requirement:
• Collect and analyze all pertinent data in accordance with the uniform standards of professional practice (USPAP) in order to determine market value.
• Complete documentation for each appraisal along with proper analysis in a self-contained narrative format.
• Services will be assigned on an “as-needed” basis through the term of this agreement.
• Reserves the right to generally award individual jobs on a rotating basis.
• Each assignment will require standard applicable procedures.
• Require other appraisal formats/forms in order to comply with regulations or program specific reports such as “yellow book” on federally funded projects.
• Partial interest appraisals must be prepared using a “before and after” value analysis unless otherwise instructed.
• Anticipates that normal turnaround for appraisals will be 25 days from the date the contractor is directed to proceed by real estate compliance personnel.
• Some jobs will require expedited turnaround of less than 25 days.
• All appraisals must be promptly delivered to the attention of the requesting staff review appraiser in the office
• Appraisals must conform to statutory and judicial determinations regarding no compensable items.
• Appraisals will be considered confidential.
• Contractor will not discuss the appraisals with other persons, nor will be permitted to read the report.