Description
The California Department of Transportation (Caltrans) is seeking a qualified title‑and‑escrow firm to provide on‑call, as‑needed services for property acquisitions in Nevada County over a five‑year period. The contractor must hold a valid California Title and Escrow license, perform all work in‑house (no subcontracting), and meet detailed performance timelines for title reports, escrow closings, and title‑insurance issuance. Bids are due August 20, 2026, with award expected August 26, 2026.
• Provide preliminary and updated title reports, including five‑year sales tabulations and litigation guarantees.
• Perform full escrow, reconveyance, and subordination services for both residential and commercial transactions, adhering to specified turnaround times (≤ 30 days for reports, ≤ 90 days for escrow).
• Issue title‑insurance policies and related guarantees per CLTA standards; maintain records for three years and comply with state‑wide regulatory requirements (SB 1383, Darfur Act, sanctions, GenAI disclosure, etc.).
• No subcontracting allowed; all work must be performed by the licensed firm within Nevada County.
• Small‑business, micro‑business, and DVBE preferences may reduce the effective bid amount (up to $50 k and 5 % incentive respectively).