Real Estate Appraisal and Valuation Services, Statewide

The Arizona Department of Transportation (ADOT) Master Agreement CTR054974 is an Indefinite Delivery Vehicle (IDV) for Real Estate Appraisal and Valuation Services, designed to provide statewide comprehensive property assessment capabilities. The contract covers two primary service categories: General Appraisal/Review Appraisal and Billboard/Outdoor Advertising Appraisal, enabling ADOT to obtain professional valuation services for eminent domain acquisitions, property dispositions, and appraisal reviews across fifteen Arizona counties. Contractors can be awarded work in one or both categories, with services procured on an on-call basis through individual task assignments.

The master agreement is held by Southwest Appraisal Associates Inc., with an initial award date of May 7, 2021, and subsequent extensions through May 6, 2026. The contract is a competitive sealed proposal under Arizona Revised Statutes, structured as a master agreement with a twelve-month base period and potential extensions up to forty-eight months. While no specific contract value is disclosed, the IDV provides ADOT with a flexible procurement mechanism for obtaining professional real estate appraisal services. The contract includes comprehensive insurance coverage, with professional liability limits of $2,000,000 and additional protections for the State of Arizona, its departments, agencies, and employees.