Real Estate Appraisal services (Exp. 6/30/30) with a 2- year option

The City of Providence's Board of Contract and Supply, specifically the Providence Water Supply Board, is seeking real estate appraisal services for watershed protection purposes in Providence County, Rhode Island. The Request for Proposals (RFP) solicits qualified firms to conduct comprehensive appraisals of land parcels located in the towns of Scituate, Foster, Glocester, and Johnston. The initial scope involves appraising three specific land parcels ranging from 0.4 to 56 acres, with potential for additional on-call appraisal services. Bidders must possess at least five years of direct real estate appraisal experience, with a strong preference for those certified as Members of the Appraisal Institute (MAI). The appraisal services require detailed evaluations conforming to recognized appraisal practices, including separate valuations for conservation easements and fee simple acquisition. Bidders must demonstrate familiarity with Rhode Island Department of Environmental Management (RIDEM) regulations, Freshwater Wetlands rules, and the Farm, Forest and Open Space Act. The proposal is due on July 14, 2025, with the contract covering a five-year period and a potential two-year extension.

The RFP does not explicitly outline specific set-aside designations or restrictions for disadvantaged enterprises. Pricing for the contract will be structured as a lump sum for the initial three parcels, with established hourly rates for subsequent additional work. The comprehensive appraisal reports may need to include evaluations of structures such as single-family homes, barns, or commercial buildings potentially located on the parcels. While specific budget ranges are not detailed in the provided documentation, the scope suggests a potentially significant investment in watershed land protection. The procurement appears open to qualified professional appraisal firms with demonstrated expertise in land valuation, environmental regulations, and detailed assessment methodologies. The successful bidder will be expected to provide high-quality, professionally prepared appraisal reports that meet the technical and regulatory requirements of Providence Water Supply Board's watershed protection initiatives.