ACRES

The Bank of North Dakota's Collateral Valuation Department is seeking a noncompetitive purchase of customer access to Acres' property-specific data platform, which will consolidate multiple data sources for property valuation. The procurement aims to replace current subscriptions for property soils, parcel mapping, and property sales information with a comprehensive solution that includes map layers, GIS data, water information, soil details, historical crop statistics, real estate listings, comparative sales, landowner names, property parcel numbers, and property tax information. Vendors are invited to submit responses demonstrating equivalent or superior solutions by December 3, 2025, at 5:00 PM Central Time through the State Procurement Office Online system. Electronic submissions are limited to a maximum of five clearly labeled documents, and interested vendors must provide company information, contact details, point-by-point specifications addressing requirements, value-added features, and detailed cost information. The procurement objectives include reducing agricultural land evaluation time from 7-10 hours to 3-5 hours, enabling the department to lower evaluation fees and improve service to financial institutions. Vendors can direct questions to Procurement Officer Vanessa McCarthy at vamccarthy@nd.gov or (701) 328-5828, with submissions to be made through the SPO Online portal at https://apps.nd.gov/csd/spo/services/bidder/main.htm.

The procurement does not specify any specific set-aside designations or restrictions on responding organizations. The annual subscription fee is $10,000 with an initial term of 24 months, after which the agreement will automatically renew annually unless canceled in writing. No incumbent vendors are explicitly mentioned, though the procurement suggests a desire to replace existing data subscription services. The technology platform appears to be Acres' proprietary property-specific data system, which will need to integrate with the Bank of North Dakota's current property valuation infrastructure. While no specific budget range is outlined beyond the $10,000 annual fee, the procurement suggests potential cost savings through improved efficiency in land evaluation processes. The contract appears focused on streamlining property valuation work for banks and credit unions across North Dakota by providing a comprehensive, integrated data solution that reduces time and resources required for property assessments.