Real Estate Appraisal and Valuation Services, Statewide

The Arizona Department of Transportation (ADOT) Master Agreement CTR054966 is an Indefinite Delivery Vehicle (IDV) for Real Estate Appraisal and Valuation Services. This statewide contract provides comprehensive appraisal services for governmental property acquisitions, dispositions, and eminent domain projects across multiple Arizona counties. The IDV covers two primary service categories: General Appraisal/Review Appraisal and Billboard/Outdoor Advertising Appraisal, enabling ADOT to procure professional valuation services for diverse property types including vacant land, commercial properties, industrial facilities, and residential properties, with a particular emphasis on multi-parcel and transportation-related project assessments.

First Appraisal Services Inc, led by Timothy A. Haskins, is the prime contractor for this IDV, which was initially awarded on May 7, 2021. The contract covers the entire state of Arizona, encompassing 15 counties, and is structured as a master agreement with potential renewals. The initial contract period runs for twelve months, with the potential for extensions up to forty-eight months, and has been successfully renewed multiple times through contract amendments. While the specific total contract value is not disclosed, the IDV provides ADOT with on-call appraisal services that can be requested as needed for various transportation and infrastructure projects, with the contractor maintaining appropriate professional liability insurance coverage of $2,000,000 per claim.