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Awarded contract·Town of Southampton·New York

2023 Request for Qualifications for Professional Appraisal Services

$3.5MAwarded 4/27/2023Single Award
Contract source

Description

The Town of Southampton issued a Request for Qualifications (RFQ) to establish a pre‑qualified pool of firms capable of delivering professional appraisal services for its Community Preservation Department and Town Attorney’s Office. The RFQ closed on March 23 2023, after which the Town’s Attorney’s Office reviewed the submissions. A subsequent resolution (2023‑594) officially designated twelve firms as pre‑qualified vendors, with contracts set to commence upon execution and run for four years, renewable for another four‑year term. No specific vendor award or contract value is disclosed in the available documents. • Purpose: Create a standing list of qualified appraisal firms for ad‑hoc municipal projects. • Scope: Professional real‑estate/property appraisal services for various town departments. • Term: 4‑year contract (renewable for an additional 4 years). • Procurement: Pre‑qualification process; no competitive RFP was required for the initial selection. • Funding: Expenses charged to the respective department/project budgets, not exceeding individual project limits.

Attached files

Key dates

Bids closed
3/23/2023
Intent to award
4/27/2023
Awarded
4/27/2023
Starts
4/27/2023
Ends
4/27/2027Renews
Duration
4 years

Last updated

Details

Award type
Single Award
Procurement
Other Than Full and Open Competition
Industry
Real Estate
NAICS
541618
Solicitation №
BP2023-0016

Contract value

$3,500,000

No explicit dollar amount is provided. The contract covers a pre‑qualified list of twelve firms, each potentially engaged for multiple appraisal projects over a four‑year period. Assuming an average annual spend of $150,000 per firm (based on typical municipal appraisal fees for occasional project work) yields $1.8 million per year across all firms, or roughly $7.2 million over the full four‑year term. Adjusting for the likelihood that not all firms will be used equally (perhaps only 4‑6 firms active each year) brings the estimate down to an approximate total contract value of $3‑4 million for the four‑year period. This ballpark reflects typical municipal appraisal spending patterns and the absence of any disclosed budget caps.

AI estimate from the award documents

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