Professional Appraisal Services

The Florida Department of Environmental Protection (DEP) established a Master Agreement for professional appraisal services through this Indefinite Delivery Vehicle (IDV). The contract enables the state to procure specialized real estate appraisal services on a task assignment basis, allowing for flexible engagement of professional appraisal expertise across various state projects. Contractors can provide comprehensive appraisal services with hourly rates structured to accommodate different project scopes and complexities, ensuring the state can efficiently obtain expert valuation support as needed.

The IDV was originally awarded to Hupp Realty Advisors, Inc. and later transitioned to M.A. Rigoni, Inc., with an initial contract period from April 18, 2008 to April 17, 2014. The contract covers the entire state of Florida and operates as a Master Agreement, permitting task-specific assignments with varying compensation methods including fixed-price and cost-reimbursement approaches. While specific total contract value was not explicitly stated, the IDV included provisions for hourly rates ranging from $140 to $170 per hour, with task assignments potentially reaching up to $25,000, demonstrating the flexible nature of this state and local contract vehicle.