Professional Appraisal Services Contract Summary

This is an indefinite delivery contract (DEP Contract No. PL346) executed between the Florida Department of Environmental Protection (DEPARTMENT) and Red Oak Appraisal Company, Inc., a Florida corporation based in Jacksonville. The contract provides professional appraisal services on a task assignment basis, with Steven Slotkin, MAI, designated as the primary appraiser. The contract was executed on March 21, 2014, and remains in effect for three years from execution, with an option to renew for an additional three-year period subject to satisfactory performance and fund availability. The contract is available for use by other State of Florida governmental entities, including state agencies, universities, community colleges, water management districts, counties, municipalities, and local public authorities.

The contract establishes a fee schedule of $100.00 per hour for appraisal services across all three years of the initial term. The total contract value shall not exceed $250,000. Compensation is determined through executed Task Assignment Notification Forms or Task Assignment Change Order Forms, which specify scope, deliverables, costs per deliverable, and due dates. The contractor may utilize subcontractors with prior written department consent and bears full responsibility for subcontractor performance. Invoicing follows either a fixed-price deliverable model or a fee schedule/cost reimbursement model not-to-exceed basis, with the department allowing 21 days for payment review and approval. Travel and incidental expenses are included in fixed-price tasks but itemized separately for cost reimbursement arrangements. The contractor must maintain workers' compensation insurance, $100,000/$200,000 general liability coverage, and $200,000 automobile liability insurance, with the State of Florida named as an additional insured.