Q24002096 Fair Market Rent Appraisal

The Agribusiness Development Corporation (ADC), a state agency administratively attached to the Hawaii Department of Business, Economic Development, and Tourism, is seeking qualified appraisal professionals to prepare comprehensive fair market rental value reports for agricultural parcels located on Oahu and Kauai. The procurement opportunity, identified as Q24002096, requires the preparation of detailed appraisal reports for four specific land parcels: Galbraith Ag Lands (970 acres), Whitmore Village (24 acres), Kekaha (12,860.642 acres), and Kalepa (5,936 acres). Deliverables must include a comprehensive analysis of fair market rental values, common area maintenance rates, and water delivery charges, prepared in strict conformity with the Appraisal Institute's Code of Professional Ethics, Standards of Professional Practice, and Uniform Standards of Professional Appraisal Practice. The appraisal reports must provide a discussion of methodologies used to determine rental values and include a matrix-format comparison of comparable property rental rates. Quotes are due by April 19, 2024, with a performance timeline of 45 days from the Notice to Proceed, and the contract will be awarded to the lowest qualified lump sum quote in accordance with Hawaii's procurement laws.

There are no specific set-aside designations or enterprise restrictions mentioned in the procurement documents. The solicitation appears open to qualified appraisal professionals or firms with expertise in agricultural land valuation. While no incumbent vendors are identified, the contract involves preparing valuation reports that will guide the ADC's rental rates for various agricultural and commercial land uses. The procurement documents do not explicitly state a specific budget range or total contract value, though the scope covers extensive land parcels totaling approximately 19,790.642 acres across two Hawaiian islands. Interested bidders must demonstrate professional qualifications, including adherence to professional appraisal standards and the ability to provide comprehensive, data-driven market rental value analyses. The contract will be executed pursuant to Hawaii's state procurement regulations, with the ADC reserving the right to select the most qualified respondent based on the submitted quotes and professional credentials.