TRACS0001866 - approval date 5/2/25. Expert witness services required for valuation of real estate for internal revenue service, chief counsel.
Active Purchase Order Awarded Last action
- Contract number
- 2023H225P00106
- Awardee
-
Cbre, Inc. UEI QMCNKZRYFPM4 Part of Cbre Group, Inc.
- Awarding agency
-
Internal Revenue Service
Department of the Treasury
- Obligated
- $144,000
Award facts
- Contract value 100% obligated
- $144,000.00 Current and potential, with all options
- Completion date 29% complete
- Current and potential, with all options
- NAICS code
- 531320 Offices of Real Estate Appraisers
- Set-aside
- No set-aside
- Competition
- Not Competed under SAP · 1 offer Simplified Acquisition
- Pricing
- Labor Hours
- Place of performance
- Dallas, TX 75201, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Exercise an Option | $66,000 | |
| Original award | $78,000 |
About this award
CBRE, Inc. was awarded a $144,000 purchase order by the Internal Revenue Service (IRS) Chief Counsel on May 5, 2025, to provide expert witness services for the valuation of real estate. This contract modification exercises options phases 4 and 5, extending performance through May 4, 2030. The work will be performed in Dallas, Texas, under a labor-hour pricing arrangement with no set-aside designation. CBRE, Inc., a subsidiary of CBRE Group, Inc., is a globally integrated commercial real estate and investment services firm that provides consulting, valuations, advisory services, and expertise across industrial, retail, and healthcare real estate sectors.
This engagement supports the IRS's litigation and dispute resolution capabilities by providing specialized valuation expertise for real estate matters that may require expert testimony or analysis. The phased approach with exercisable options indicates the IRS anticipated potential ongoing needs for these expert services beyond initial contract requirements. As a labor-hour contract, compensation is based on actual hours worked at established rates, allowing the IRS flexibility in determining the scope of valuation work required for Chief Counsel's legal and administrative proceedings.
Quick answers
Who was awarded contract 2023H225P00106?
2023H225P00106 was awarded to Cbre, Inc. by Internal Revenue Service (Department of the Treasury) on May 5, 2025.
How much is contract 2023H225P00106 worth?
The government has obligated $144,000 on 2023H225P00106.
Was contract 2023H225P00106 competed?
The extent of competition for 2023H225P00106 was not competed under sap. The government received 1 offer.
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