6-Letcher County - 5082 NRCS Buyout - Title Services - IFB Round 3 .pdf
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- Attached to
- 5082- Invitation for Bid- Title Services - R-3
- Solicitation number
- Title Round 3
- Issued by
- Knott County, Kentucky
About this file
Summary
This is an Invitation for Bid (IFB) issued by the Letcher County Fiscal Court in Kentucky for title work and closing services related to the NRCS EWP Home Buyout Program. The county seeks to contract with a qualified legal firm or title company to provide services for approximately 100 properties participating in the buyout program. Services include title opinions, title insurance, and closing services for properties approved by NRCS. Contractors should advise property owners on resolving any identified title issues. Bids must be submitted through the DFS Procurement Portal at dfs.bonfirehub.com/portal no later than February 11, 2026, at 9:00 AM ET, with bid opening scheduled for 10:00 AM ET on the same date. Award will occur at the Fiscal Court meeting on February 16, 2026, at 10:00 AM ET. A pause of unknown duration is anticipated between completion of title work and property closing while NRCS completes additional required steps, such as State Historic Preservation Office clearance. Invoicing for title searches may be submitted separately from remaining services.
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 another contractor to meet state deadlines, or be purchased through alternative programs. Multiple firms may be used if needed to meet scheduling requirements. Title insurance premiums, recording fees, and transfer taxes are pass-through costs only. Title insurance is priced at $4.75 per $1,000 for coverage up to $100,000 (minimum fee of $238.00 for up to $50,000 coverage), plus $3.75 per $1,000 for coverage between $100,001 and $500,000, plus applicable taxes in city limits. Submission requires copies of necessary licensing and certifications, including attorney certifications. The 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 Letcher County's interests.
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Invitation for Bid 5082 Letcher County NRCS Buyout Title Work and Closing Services
Round 3
The Letcher County Fiscal Court is seeking to contract with a qualified legal firm or title company to complete title work and closing services for approximately one hundred (100) properties participating in the Letcher County NRCS EWP Home Buyout Program.
Services to be provided include title work (title opinion), title insurance, and closing services for buyout properties approved by NRCS for the NRCS EWP Home Buyout Program. If title issues are identified, the contractor should advise property owners on the steps to resolve them.
Please note: After a clear title is determined, there will be a pause (of unknown duration) in title service work prior to property closing while NRCS completes other required steps (such as State Historic Preservation Office clearance). Invoicing for title searches can be done separately from the remainder of services.
Submission:
● Bids and all required forms shall be submitted through the DFS Procurement Portal at dfs.bonfirehub.com/portal no later than February 11th, 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 February 11th, 2026, at 10:00 a.m.ET at the Letcher County Judge Executive's Office.
● Award will occur at the Fiscal Court meeting scheduled for February 16th 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, including attorney 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.
5082 Letcher County NRCS Buyout Title Services Round 3 http://dfs.bonfirehub.com/portal mailto:procurement@erassist.com
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.
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)
5082 Letcher County NRCS Buyout Title Services IFB Round 3
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