RFP# 6000001198 - Request for Proposals for Performance of Expert Professional Real Estate Appraisal Services as Requested on a “Call-In” Basis During 2023 through 2026 (RFP# 6000001198) - OPEN

The Port Authority of New York and New Jersey has issued RFP #6000001198 seeking expert professional real estate appraisal services on a "call-in" basis for the period from 2023 through 2026. The procurement targets Certified General Real Estate Appraisers to provide comprehensive valuation services for properties in New York and New Jersey, including industrial, commercial, and residential property assessments, easement evaluations, and market feasibility reporting. Proposers must have a principal with at least five years of firm experience and documented expertise in condemnation matters. The virtual pre-proposal activities have already occurred, with the final proposal submission deadline extended to November 30, 2022, at 2:00 PM Eastern Time. Evaluation criteria will include company profile, salary schedules, staff qualifications, firm experience, and management approach, with proposals to be submitted electronically through the Bonfire platform. All appraisal reports must be submitted in PDF format and adhere to Uniform Standards of Professional Appraisal Practice (USPAP) standards.

The Port Authority has established significant diversity requirements for this procurement, including mandatory participation goals of 20% for Minority Business Enterprises (MBEs), 10% for Women-owned Business Enterprises (WBEs), and 3% for Service-Disabled Veteran-owned Businesses (SDVOBs). Certified firms can self-satisfy these goals, while non-certified firms can be proposed as subconsultants. The contract will be awarded on a task order basis, with compensation determined by actual salaries and a predetermined multiplier. Proposers must provide comprehensive insurance coverage, including $5,000,000 in Commercial General Liability Insurance and $5,000,000 in Professional Liability Insurance. The Port Authority intends to retain multiple firms for these services, allowing flexibility in task order assignments. While specific contract value is not explicitly stated, the multi-year, call-in nature of the contract suggests potential for significant ongoing revenue for selected appraisal firms. Interested firms must register and create a free Bonfire account to access solicitation documents and submit electronic proposals.