Description
California Department of Transportation (Caltrans) seeks one or more qualified title and escrow firms to provide on‑call, as‑needed services for property acquisitions in Modoc County supporting future state highway projects. The work includes title searches, preliminary reports, title insurance issuance, escrow closings, reconveyance facilitation, and related documentation on a per‑parcel basis. Bidders must hold a current Title and Escrow license from the California Department of Insurance and must be able to respond quickly to Caltrans requests, typically within 30‑90 days per escrow. The contract will be structured as an indefinite‑delivery, multi‑provider framework with a five‑year base period (2026‑2031) and possible one‑year extension.
• Provide title research, reports, insurance policies, and litigation guarantees for each parcel.
• Conduct escrow closings, manage escrow funds, and facilitate partial/full reconveyances.
• Invoice Caltrans for third‑party reconveyance fees (capped at $1,000 per deed) and adhere to reporting requirements (DVBE utilization, civil‑rights certification, etc.).