6045 Addendum 1.pdf
PDF 51 KB Posted
- Solicitation number
- 6045
- Issued by
- King County, Kingston CDP, Washington
About this file
This is Addendum #1 dated February 6, 2025, for the Seattle Housing Authority's Informal Solicitation #6045 for On-Call Market Study and Appraisal Services for HUD Restricted Properties. The addendum clarifies that firms can apply to provide market studies and appraisals independently, though combined services may be preferred in some cases. The contract anticipates multiple sites requiring appraisal and/or market studies over a 3-5 year period.
The addendum specifies that appraisers must hold either an MAI (Member of the Appraisal Institute) or SRPA (Senior Real Estate Appraiser) designation, and all appraisals must comply with the Uniform Standards of Professional Appraisal Practice (USPAP). The document indicates that the range of anticipated costs will be reflected in Work Orders, though specific pricing details are not provided in this addendum.
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Other files
| File | Type | Posted |
|---|---|---|
| 6045 Market Study and Appraisal Services.pdf |
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Text version
Addendum # 1
Informal Solicitation for
On-Call Market Study and Appraisal Services for HUD Restricted Properties Solicitation # 6045
Date of Addendum # 1: 02/06/2025
This Addendum containing the following revisions, deletions and/or clarifications, is hereby made a part of this solicitation and Contract Documents for the above-named project. This Addendum consists of 1 page.
This Addendum is a list of questions received and SHA’s responses to those questions.
Question 1. Can a firm apply to do market studies and appraisals independently?
Response: Yes, however there may be occasions where combined services and reports are preferred.
Question 2. Can an asset address be provided?
Response: The RFP anticipates multiple sites over the next 3-5 years will require appraisal and/or market studies completed, which is reflected in the range of anticipated costs for Work Orders.
Question 3. Does the market study consultant need to have a MAI designation to be accepted?
Response: Appraisers with a rating of MAI (Member of the Appraisal Institute) or SRPA (Senior Real Estate Appraiser) will be accepted. Appraisals must be completed in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP).
END OF INFORMAL SOLICITATION ADDENDUM # 1
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