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  5. ›Bid Extension: 85625P0004-RFP Appraisal of Real Estate

City of New York Department of Citywide Administrative Services·New York

Bid Extension: 85625P0004-RFP Appraisal of Real Estate

Closes 11/12/2026$150k – $500kRequest for Proposal
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Description

The City of New York’s Department of Citywide Administrative Services (DCAS) seeks up to five qualified vendors to produce appraisal reports for city real‑estate assets, with occasional assignments outside NYC. Work will be awarded via competitive sealed proposals and delivered through individual work orders. A virtual pre‑proposal conference is scheduled for interested bidders. • Perform detailed real‑estate appraisals for New York City properties (and occasional out‑of‑city locations). • Submit up to five separate work orders; each vendor may be awarded multiple assignments. • Follow the Competitive Sealed Proposal process; all proposals must be received by 11/12/2026 2:00 PM. • Attend an optional virtual pre‑proposal conference on 9/23/2026 10:00 AM (attendance not mandatory). • All solicitation documents are hosted on the NYC PASSPort portal.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Key dates

Opened
9/2/2026
Pre-bid meeting
9/23/2026
Closes
11/12/2026

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531210
Solicitation №
PIN#85625P0004

Budget estimate

$150,000 – $500,000

Based on typical market rates for commercial real‑estate appraisal services in New York City, each appraisal assignment can range from $5,000 to $20,000 depending on property size and complexity. Assuming each selected vendor completes 10–30 assignments over the contract period, total revenue per vendor could fall between $150,000 and $500,000. This estimate accounts for the high‑value NYC market, potential out‑of‑city work, and the competitive nature of the solicitation.

AI estimate from the solicitation

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