The contractor shall provide appraisals which will be used to estimate the market value of single family residential property for loan making, servicing, acquisition, and sale. All appraisals required…
Ended Blanket Purchase Agreement Awarded Last action
- Contract number
- 12453B18A0007
- Awardee
-
Charles R Wallace Appraisals Inc. UEI JHWDM7ATFFP8
- Awarding agency
-
North Carolina State Office
State Offices, Department of Agriculture
- Task orders
- 14 $5,050 obligated
Award facts
- Combined order value
- $5,050 Current and potential, with all options
- Last date to order 100% complete
- IDV ceiling 3% used
- $150,000.00
- Maximum order
- $2,500.00
- Award type
- Single award
- Who can order
- Only the awarding agency
- NAICS code
- 531320 Offices of Real Estate Appraisers
- Set-aside
- No set-aside
- Pricing
- Firm Fixed Price
Award details come from SAM.gov/FPDS.
About this IDV
Charles R Wallace Appraisals Inc., a for-profit Subchapter S corporation, was awarded a single-award Blanket Purchase Agreement by the United States Department of Agriculture's North Carolina State Office on October 26, 2017, with a ceiling value of $150,000 and an ultimate completion date of March 28, 2019. Under this agreement, the contractor provides real estate appraisals used to estimate the market value of single-family residential property for loan making, servicing, acquisition, and sale within the USDA Rural Housing Service program. All appraisals required under the Blanket Purchase Agreement must be submitted to the requesting office within ten business days after receipt of the order or as negotiated by the ordering official. The contract includes a proposed 180-day extension of the period of performance in accordance with Federal Acquisition Regulation clause 52.217-9. All work is performed in North Carolina, primarily in Holly Springs, with secondary performance locations in Fuquay-Varina.
Thirteen task orders issued under this Blanket Purchase Agreement between December 2017 and February 2019 demonstrate consistent utilization of the vehicle for individual residential appraisals supporting USDA Rural Housing Service borrowers. Each task order was set aside for total small businesses and carried firm fixed price appraisal valuations ranging from $125 to $425 per property, with completion periods typically spanning one to two months. The task orders evidence the contractor's specialization in providing on-site appraisals and documentation for rural housing loans across multiple borrower accounts, utilizing Rural Funds and specific funding codes as designated by the ordering office. This procurement mechanism enabled the government to efficiently access pre-qualified appraisal services on an as-needed basis while maintaining set-aside protections for small business participation.
Description
The contractor shall provide appraisals which will be used to estimate the market value of single family residential property for loan making, servicing, acquisition, and sale. All appraisals required by this blanket purchase agreement shall be submitted to the requesting office within ten (10) business days after receipt of the order or as negotiated by the ordering official.
Task orders
Show all 14
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Original award | $0 |
Quick answers
Who was awarded contract 12453B18A0007?
12453B18A0007 was awarded to Charles R Wallace Appraisals Inc. by North Carolina State Office (State Offices) on October 26, 2017.
How much is contract 12453B18A0007 worth?
Orders under 12453B18A0007 have obligated $5,050. 12453B18A0007's own ceiling is $150,000. A single order can be worth up to $2,500.
How many orders have been placed under contract 12453B18A0007?
14 orders have been placed under 12453B18A0007, the latest on February 6, 2019.
Who can order from contract 12453B18A0007?
12453B18A0007 is a single award blanket purchase agreement. Only the awarding agency can place orders on it.
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