SC housing rent comparibility study

The State of South Carolina, specifically the State Fiscal Accountability Authority (SFAA) Office of Procurement Services on behalf of the South Carolina Housing, Finance & Development Authority, is soliciting bids for a Rent Comparability Study (RCS) services contract covering the entire state, with particular focus on Richland County. The procurement is a fixed-price bid for contractors to conduct substantive reviews of Rent Comparability Studies for Project-Based Section 8 property owners during contract renewal and rent adjustment processes. Contractors must maintain an active General Appraiser license from the South Carolina Department of Labor, Licensing, and Regulation and be capable of operating across all state regions, including Upstate, Midlands, Pee Dee, and Low Country. Key deliverables include completing substantive reviews within seven calendar days of receiving a study and demonstrating up-to-date knowledge of HUD regulatory requirements as outlined in the Section 8 Renewal Policy Guide. The contract will run from 08/17/2025 to 08/16/2030, with an initial one-year term and four potential one-year renewals. Critical dates include a question submission deadline of 05/13/2025 at 4:00 PM EST, proposal submissions due by 06/19/2025 at 11:00 AM EST, and an anticipated award posting on 07/21/2025.

While no specific set-aside designations for disadvantaged enterprises are mentioned in the documentation, the contract appears open to qualified general appraisers with the necessary state licensing. The procurement indicates an estimated annual volume of 120 studies statewide, with a fixed cost of $750 per study, translating to approximately $90,000 annually and a potential total contract value of $450,000 over its five-year duration. No incumbent vendors are explicitly identified in the provided materials. The contract requires contractors to have comprehensive knowledge of current HUD regulatory standards and the ability to perform technical reviews across diverse geographical regions of South Carolina. Potential bidders must demonstrate expertise in Section 8 housing policy, rent comparability assessment, and have the technological and administrative infrastructure to process studies efficiently within the specified seven-day turnaround requirement.