RFP #18-25 2025 general reassessment of large industrial properties

The City of Hopewell, Virginia has issued a Request for Proposals (RFP #18-25) for a 2025 General Reassessment of Large Industrial Properties, seeking a qualified MAI (Designated Member of the Appraisal Institute) appraiser to evaluate the six largest industrial properties within the city. The primary objective is to appraise these properties at their fair market value as of January 1, 2025, utilizing cost, market, and income approaches to valuation. Key deliverables include comprehensive site visits, detailed data collection completed within two weeks of each plant visit, and final property valuations to be submitted to the Assessor's Office by February 1, 2025. The RFP requires the selected contractor to potentially provide additional services such as appraisal reports and expert testimony for any informal or formal appeals related to the reassessed values. Evaluation criteria will focus on the contractor's ability to meet deadlines, coordinate with the city assessor, and deliver high-quality work. Proposals are due by 11:00 a.m. on October 31, 2024, with the City reserving the right to negotiate with the lowest responsive, responsible bidder if the bid exceeds available funds.

While specific set-aside designations or disadvantaged enterprise requirements are not explicitly detailed in the provided documents, the RFP indicates that the successful bidder must be a qualified MAI appraiser with demonstrated experience in industrial property assessment. The City will provide office space, utilities, and existing property data to support the contractor's work. Pricing requirements include a per-plant fee for the general reassessment phase, a per-report fee for the appeal phase, and an hourly rate for expert witness and other services. Although no specific budget range is explicitly stated, the RFP suggests the City has allocated funds for this project and will carefully evaluate proposals based on cost and technical capabilities. Interestingly, a cancellation notice is also included in the document, indicating that the City may potentially resolicit the RFP at a later date through the Office of Procurement within the Department of Finance.