Notice of Award Ext.doc

This is a Notice of Award Extension document from the State of South Carolina, involving the State Fiscal Accountability Authority and the SC Housing, Finance & Development Authority for a Rent Comparability Study (RCS) services contract. The solicitation (Number 5400028145) seeks contractors to conduct substantive reviews of Rent Comparability Studies for Project-Based Section 8 property owners during contract renewal and rent adjustment processes. The contract will run from 08/17/2025 to 08/16/2030, with an initial one-year term and four potential one-year renewals. Critical procurement dates include a question submission deadline of 05/13/2025 at 4:00 PM EST, proposal submissions due by 06/19/2025 at 11:00 AM EST, and an anticipated award posting on 07/21/2025.

The contract requires contractors to maintain an active General Appraiser license and be capable of operating across all South Carolina regions, with an estimated annual volume of 120 studies statewide at a fixed cost of $750 per study. The total contract value is approximately $450,000 over its five-year duration. Contractors must complete substantive reviews within seven calendar days of receiving a study and demonstrate up-to-date knowledge of HUD regulatory requirements. While no specific set-aside designations for disadvantaged enterprises are mentioned, the procurement is open to qualified general appraisers with the necessary state licensing. The notice indicates that the posting date for the solicitation is extended until further notice, with offerors to be notified three business days in advance of the final posting of the Notice of Award.