Professional Appraisal Services

This Master Agreement (PL317) provides professional appraisal and appraisal review services to support the State of Florida's conservation and land acquisition initiatives. The contract encompasses comprehensive appraisal review services for real property transactions, including technical review of draft appraisals, field inspections of subject properties, and preparation of detailed Appraisal Review Reports with recommendations for acceptance or rejection. Services are performed in compliance with the Supplemental Appraisal Standards for the Board of Trustees, Uniform Standards of Professional Appraisal Practice (USPAP), and Uniform Appraisal Standards for Federal Land Acquisitions where applicable. The IDV supports multiple acquisition programs including Florida Forever projects, conservation easements, and fee simple land purchases across diverse property types ranging from timberlands and ranches to wetlands and coastal properties throughout Florida.

Richards Appraisal Service, Inc., represented by Thomas G. Richards, MAI, serves as the prime contractor under this Master Agreement administered by the Florida Department of Environmental Protection, Division of State Lands, Bureau of Appraisal. The contract was originally executed on March 27, 2014, with an initial three-year term through March 26, 2017, and was extended through subsequent amendments to remain effective through at least September 2020. The contract operates statewide throughout Florida and is structured as an indefinite delivery vehicle with a total contract value not to exceed $250,000. Compensation is negotiated on a fixed-price basis for individual task assignments, with hourly rates of $140 to $145 depending on the contract year. The contract includes liquidated damages provisions of one percent per day for late deliverables and requires the contractor to maintain comprehensive general liability insurance of at least $100,000 per occurrence.