Contract 115531

The Nebraska Real Property Appraiser Board awarded a three-year Appraisal Review Services Agreement to Valuation Services Inc., effective February 17, 2026, through February 17, 2029. The contract is valued at $1,250.00, with compensation established at $125.00 per hour. The contractor, operating as an independent contractor without state employee benefits, shall provide appraisal review services in accordance with Standards 3 and 4 of the National Uniform Standards of Professional Appraisal Practice (USPAP) for a Certified General Real Property Appraiser credential application. The subject property under review is located at 640 S 10th St, Lincoln, Nebraska 68508, a commercial property.

The contractor is obligated to complete the appraisal review and communicate findings within a 60-day timeframe applicable to non-residential property types. Pre-approved travel and lodging expenses shall be reimbursed in accordance with Nebraska Real Property Appraiser Board and State of Nebraska policies. The agreement remains in effect for three years or until final disposition of the credential application, with compensation subject to renegotiation should the matter proceed to hearing or if extenuating circumstances arise. The contract encompasses credential review services performed under the authority of the Nebraska Real Property Appraiser Board.