6-4663-Letcher County-FEMA Buyouts-Title RFP-Round 12.pdf
PDF 799 KB Posted
- Solicitation number
- Title Round 12
- Issued by
- Knott County, Kentucky
About this file
This is an Invitation for Bid (IFB) issued by Letcher County, Kentucky, for title work and closing services related to the 2022 Federal Emergency Management Agency (FEMA) Home Buyout Program. Letcher County seeks a qualified legal firm or title company to complete a title search and title opinion for one property participating in the FEMA buyout initiative. The scope of work includes comprehensive closing services for the buyout property. Bids must be submitted through the DFS Procurement Portal at dfs.bonfirehub.com/portal no later than May 14, 2026, at 9:00 AM ET, with bid opening scheduled for May 14, 2026, at 10:00 AM ET at the Letcher County Judge Executive's Office. Award will occur at the Letcher County Fiscal Court meeting scheduled for May 18, 2026, at 10:00 AM ET. Bidders must submit copies of necessary licensing and certifications with their proposals.
The title insurance premium, recording fees, and transfer tax are pass-through costs only and will not be subject to bidder markup. Title insurance is calculated at $4.75 per $1,000 of coverage up to $100,000 (with a minimum fee of $238.00 for up to $50,000 in coverage) plus an additional $3.75 per $1,000 for coverage from $100,001 to $500,000, plus applicable taxes if the property is located within city limits. Awards will be made on a per-property basis with no guarantee of work quantity, as structures may fall out of the program, be awarded to other contractors to meet state deadlines, or be purchased through alternative programs. Multiple firms may be engaged if necessary to meet scheduling requirements. Letcher County reserves the right to accept or reject any or all bids, negotiate with respondents, waive minor irregularities, and award to the bidder whose offer is most advantageous to the county's interests. The county actively encourages submissions from women, minority, and veteran-owned businesses.
View the file
Other files
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
INVITATION FOR BID
TITLE WORK & CLOSING SERVICES
Letcher County is seeking to contract with a qualified legal firm or title company to complete a title search (title opinion) and closing services for one (1) property participating in the 2022 Federal Emergency Management Agency (FEMA) Home Buyout Program.
Services to be provided include title work and closing services for a buyout property.
Please note:
● The following three items will be pass-through only.
Title Insurance Premium
PASS-THROUGH ONLY of Title Insurance Costs $4.75 per $1,000, up to $100,000.00 in coverage, with a minimum fee of $238.00 for up to $50,000 in coverage. Plus an additional $3.75 per $1,000 for $100,001 to $500,000 in coverage. Plus any applicable taxes if in city limits.
Recording Fees PASS-THROUGH ONLY (Letcher County)
Transfer Tax PASS-THROUGH ONLY (Letcher County)
4663 Letcher County Title Services IFB - F - 12 1/2
Submission:
● Bids and all required forms shall be submitted through the DFS Procurement Portal at dfs.bonfirehub.com/portal no later than May 14th, 2026, at 9:00 AM ET. Submissions received after the due date and time will be considered non-responsive and will not be considered.
● Bids will be opened on May 14th, 2026 10:00 a.m. ET at the Letcher County Judge Executive's Office.
● Award will occur at the Fiscal Court meeting scheduled for May 18th, 2026 at 10:00 AM
ET.
● Questions regarding bids should be submitted in the procurement portal. For questions regarding procurement portal navigation, email: procurement@erassist.com.
● Required documents for submission:
○ Copy of necessary licensing and certifications
Awards will be made per property. There is no guarantee of the quantity of work. Structures may fall out of the program, be awarded to another contractor to meet state deadline requirements, or be purchased through another program. Multiple firms may be used if needed to meet the scheduling needs of the county.
The County reserves the right to accept or reject any or all bids and negotiate with any and all individuals or firms that submit bids. The right is also reserved to waive any minor irregularities and to award the bid to the respondent whose offer is most advantageous to and in the best interests of Letcher County.
Letcher County is an Equal Opportunity Employer. All companies, including women, minority, and veteran owned businesses are encouraged to submit a bid.
4663 Letcher County Title Services IFB - F - 12 2/2 http://dfs.bonfirehub.com/portal mailto:procurement@erassist.com
File details come from the government source that posted it. Updated .