Real estate appraisal

The Florida Department of Transportation (FDOT) Master Agreement DMD16 is a comprehensive Indefinite Delivery Vehicle (IDV) focused on real estate appraisal services, specifically for District Four's right of way acquisition needs. The contract enables FDOT to procure professional appraisal services, including written appraisal reports, market value estimates, comparable sales data books, and supporting documentation for property acquisitions. The scope of services encompasses comprehensive parcel analyses, covering critical elements such as zoning, land use, environmental regulations, site access, and other relevant factors that impact property valuation.

The master agreement was originally awarded to AYRES ASSOCIATES INC. on December 27, 2002, with an initial completion date of November 4, 2013. The contract type is a Master Agreement for the State of Florida, with a total maximum compensation of $750,000. Multiple amendments have been issued to the contract, including rate adjustments and additional funding allocations. The IDV allows for task-based work orders, with payment calculated at 40% of each parcel cost upon delivery and acceptance by the Department. The contract provides flexibility for service procurement, with options to renew based on satisfactory performance evaluations and fund availability.