International Real Estate Appraisal and Advisory Services

The Department of State Bureau of Overseas Building Operations established this Master IDIQ for international real estate appraisal and advisory services on September 26, 2018, with ordering authority that closed on September 28, 2023—the vehicle is no longer accepting new orders. The IDIQ carried a shared ceiling of $4 billion and was unrestricted, competitive.

The vehicle has run its full lifecycle. Task ordering peaked in 2021 at 122 orders and has since declined; 2024 and 2025 saw 94 and 53 awards respectively, through June. Across 699 total task orders issued, contractors obligated $10.1 million of a $10.3 million combined potential value—98 percent utilization—indicating near-complete drawdown. The Department of State Bureau of Overseas Building Operations placed 695 of the 699 orders; two other State offices placed the remaining four.

Work spans appraisals (narrative, form, and oral), rent studies, real estate trend reports, highest and best use studies, feasibility studies, and property searches on U.S. diplomatic and administrative real estate worldwide. Task orders reflect a mix of embassy property valuations, land appraisals, and quick-turn estimates. Recent orders (May 2024 through June 2025) show individual task-order values ranging from $133 to $48.5 thousand, firm-fixed-price, with completion windows of 20 to 60 days. Work locations include embassies and compounds in Guatemala, Colombia, New Zealand, and scores of other countries.

Five firms hold all awards. Knight Frank LLP leads by potential value at $2.7 million across 141 orders; Dunkin Real Estate Advisors LLC holds $2.5 million across 139 orders; CBRE Inc. holds $2.4 million across 196 orders; Jones Lang Lasalle Americas, Inc. holds $2 million across 181 orders; and KPMG LLP holds $748 thousand across 42 orders. The top four primes account for approximately 95 percent of combined potential value and activity is broadly distributed among them rather than concentrated in one or two shops.

All 699 task orders carried no set-aside designation. Pricing is consistently firm fixed-price. The vehicle is mature and fully obligated, with no ordering capacity remaining.

The Contractor shall furnish international real estate appraisal and advisory services. Services include the preparation of oral, narrative or form appraisals and advisory reports concluding to an estimate or range of value, rent studies, reports on real estate trends, highest and best use studies, feasibility studies, property searches, and other real estate consulting services as needed. Additional services that may be requested include quickly developed value estimates, with little or no supporting documentation provided.