Real estate appraisal

The Florida Department of Transportation (FDOT) Master Agreement DN638 is an Indefinite Delivery Vehicle (IDV) focused primarily on real estate appraisal services for transportation infrastructure projects. The contract enables the procurement of specialized appraisal services, including narrative appraisal reports, land valuations, and property assessments for various parcels across Miami-Dade County. Appraisals are conducted in compliance with Uniform Standards of Appraisal Practice (USPAP) and FDOT standards, covering tasks such as estimating property values, documenting land-only properties, and providing detailed assessments for right-of-way acquisition and transportation project planning.

The master agreement was awarded to THE LPA GROUP INCORPORATED, with a contract period from May 11, 2011, to May 10, 2014. The contract is specifically scoped for Florida's Department of Transportation, with a focus on District Six operations. While precise total contract value is not definitively stated, financial records indicate budget allocations ranging from $37,125 to $112,825 across multiple fiscal years. The contract allows for flexible task work orders with hourly rates for appraisal professionals (e.g., $165 per hour), enabling FDOT to efficiently procure specialized real estate valuation services as needed for transportation infrastructure projects.