RFP# 6000001197 - Request for Proposals for Performance of Expert Professional Real Estate Appraisal Services (Small Business Enterprises) as Requested on a “Call-In” Basis During 2023 through 2026 (RFP# 6000001197) - OPEN

The Port Authority of New York and New Jersey has issued Request for Proposals (RFP #6000001197) for expert professional real estate appraisal services from small business enterprises on a "call-in" basis during 2023 through 2026. The procurement seeks to retain multiple firms to provide comprehensive real estate appraisal services for properties in New York and New Jersey, including valuations of industrial, commercial, and residential properties, easements, partial interests, and market feasibility reports. Proposing firms must have appraisal staff licensed as Certified General Real Estate Appraisers in New York and/or New Jersey, with a principal possessing at least five years of property valuation experience. The appraisal services will be delivered through task orders issued on an as-needed basis, with written reports following Uniform Standards of Professional Appraisal Practice (USPAP) standards submitted in PDF format. The original proposal submission deadline was November 18, 2022, which was subsequently extended to November 30, 2022, at 2:00 P.M., with proposals to be submitted electronically through the Bonfire online platform.

The RFP is exclusively reserved for Small Business Enterprises (SBEs) certified by the Port Authority, with specific diversity participation goals established at 20% for Minority Business Enterprises (MBEs), 10% for Women-owned Business Enterprises (WBEs), and 3% for Service-disabled Veteran-owned Businesses (SDVOBs). Compensation will be structured based on actual salaries multiplied by a predetermined rate, with potential for lump sum task orders. The Port Authority reserves the right to use multiple firms and distribute work at its discretion, emphasizing a competitive and flexible procurement approach. While no specific total contract value was explicitly stated, the multi-year agreement (2023-2026) suggests significant potential for ongoing work. Insurance requirements are comprehensive, including Commercial General Liability Insurance with $1,000,000 per occurrence, Automobile Liability Insurance, Workers' Compensation Insurance, and Professional Liability Insurance. Consultants must submit original insurance certificates within five days of agreement award and maintain detailed insurance documentation throughout the contract period.