Description
The Maryland Department of Transportation is seeking commercial real estate appraisal services for the Rogers Avenue Metro Station North Parcel. The selected firm will be required to prepare an independent appraisal of the state-owned land, determining the fee simple highest and best use market value of the property. The appraisal will support MDOT and MTA real estate decisions involving acquisition, disposition, leasing, and other transactions. The scope of work includes a kick-off meeting, as-is highest and best use valuation, ground lease factor and escalation analysis, site conditions evaluation, property documentation compilation, and narrative appraisal report preparation. The final appraisal report must comply with all current Uniform Standards of Professional Appraisal Practice (USPAP) ethical and performance standards.
• The selected firm will be required to have experience in producing complex commercial appraisals and managing multiple tasks concurrently while meeting required deadlines.
• The firm must submit a bid proposal affidavit, conflict of interest affidavit, and non-disclosure agreement.
• The firm must maintain minimum insurance coverages, including commercial general liability, errors and omissions/professional liability, cyber security/data breach insurance, worker's compensation, and automobile or commercial truck insurance.
• The firm must comply with all terms and conditions and attachments set forth in the RFQ.