Summary: Initial Award Statement for Real Estate Valuation Services

This Initial Award Statement, issued by the State Fiscal Accountability Authority, Division of Procurement Services on behalf of the State Housing, Finance & Development Authority in South Carolina, documents the result of solicitation 5400029684 for Real Estate Valuation Services. No award was made on the initial bid opening scheduled for June 25, 2026. The procurement encompasses fixed-price bids for a comprehensive range of real estate valuation services, including Broker Price Opinions (BPO) via drive-by or interior walkthrough, interior and exterior appraisals performed by FHA Roster Appraisers, Property Assessed Clean Energy (PACE) obligation analysis and reporting, quality control compliance documentation, and online portal capabilities for vendor selection and appraisal downloads. The original proposal submission deadline was June 3, 2026 at 11:00 a.m. EST, with initial award notification scheduled for June 25, 2026. The contract term runs from July 8, 2026 through July 7, 2027, with four optional one-year renewal terms available. Subsequent bid opening dates have been scheduled for December 31, 2026, June 30, 2027, December 31, 2027, June 30, 2028, and December 31, 2028, all at 11:00 a.m. EST.

The fixed pricing schedule requires unit prices of $175.00 for standard BPO (drive-by), $300.00 for BPO interior walkthrough, and $600.00 for appraisals, with all pricing inclusive of travel and per diem costs and no additional fees permitted if local appraisers are unavailable. Offerors must demonstrate a minimum of ten years' experience in real estate appraisal management services and maintain mandatory insurance requirements including Commercial General Liability coverage of $1,000,000 per occurrence, Auto Liability coverage of $1,000,000 per accident, and Worker's Compensation with statutory limits. Each appraiser within the contractor network must maintain a current South Carolina Appraisers License. No set-asides, incumbent vendors, or award value ranges are identified in the solicitation materials. All offerors must register as state vendors prior to submission and acknowledge any solicitation amendments before submitting through the SCEIS online bidding system.