Real estate appraisal

The Florida Department of Transportation (FDOT) District Five Master Agreement DOP15 is an Indefinite Delivery Vehicle (IDV) focused on comprehensive appraisal and right-of-way valuation services. The contract enables procurement of professional services including appraisal, appraisal review, right-of-way cost estimates, design support, and miscellaneous valuation services. Specific services encompass written acquisition appraisal reports, comparable sales data books, updates, revisions, and potential litigation support, with services initiated through task work orders on an as-needed basis.

The master agreement is awarded to HDR Engineering and The Appraisal Group of Central Florida, Inc., with a contract period from November 17, 2021, to November 17, 2026. The contract covers Florida's District Five geographic region and is structured as a Master Agreement with compensation established through lump-sum project negotiations. Billing rates are set at $150 per hour for the Appraiser of Record and Review Appraiser, $95 for Associate Appraiser, and $55 for Research Assistant. The contract allows for potential renewals contingent upon satisfactory performance and fund availability, with no minimum work guaranteed.