Commercial Appraisal and Market Valuation Services

The Western Regional Off-Track Betting Corporation, a New York State public benefit corporation, is requesting proposals for commercial appraisal and market valuation services for seven branch properties located in Auburn, Cheektowaga, Jamestown, Rochester (three locations), North Tonawanda, Williamsville, and Batavia, with proposals due July 29, 2026 at 4:30 p.m. No incumbent or substantially similar contract award within the past five years is identified.

Proposers must be qualified commercial real estate appraisal firms capable of delivering independent appraisals and fair market value analysis for each property under existing market conditions. All work must comply with the Uniform Standards of Professional Appraisal Practice (USPAP) and applicable New York State standards. Proposers cannot have been officers, board members, or employees of WROTB within the previous three years. The corporation requires demonstration of diversity, equity, and inclusion commitments.

The scope includes site visits to be completed by October 15, 2026, draft reports due November 13, and final reports due December 1, 2026. Proposals must be fixed-fee, itemizing professional fees, travel expenses, and reimbursable costs. Insurance requirements include $1 million commercial general liability, $1 million automobile liability, and $1 million excess liability umbrella coverage, with WROTB named as additional insured.

Evaluation weighs firm qualifications and experience at 35%, project approach and methodology at 30%, references and relevant experience at 15%, and cost proposal at 20%. Questions are due July 22, 2026. The evaluation period runs July 29 through August 26, with consultant selection announced August 27 and contract execution scheduled for August 28, 2026. Proposals must be submitted electronically in PDF format to Megan M. Glor, Director of Purchasing/Procurement Officer, at mglor@westernotb.com.