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  5. ›85625P0004-RFP Appraisal of Real Estate

New York City Department of Citywide Administrative Services·New York

85625P0004-RFP Appraisal of Real Estate

Closes 10/22/2026$500k – $1.2MRequest for Proposal
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Description

The City of New York’s Department of Citywide Administrative Services (DCAS) is soliciting up to five qualified vendors to provide real‑estate appraisal services throughout the five boroughs, with occasional out‑of‑city assignments. Vendors will receive work orders for individual appraisal, market‑rent appraisal, and appraisal‑review assignments, each required to be completed within a standard 6‑week window (shorter deadlines allowed for additional premiums). The contract is a three‑year, task‑order arrangement with optional two‑year renewal and one‑year extension, and a total estimated procurement ceiling of $1.05 million. Key compliance requirements include USP (Option 1) or UASFLA (Option 2) standards, staffing qualifications (MAI‑designated appraisers and NY‑state certified general appraisers), and mandatory riders covering the Iran Divestment Act, the NYC Earned Safe and Sick Time Act, and city fleet safety provisions. • Deliver appraisal, market‑rent, and review reports per DCAS specifications (photos, zoning, flood maps, valuation methods, etc.). • Submit draft reports within 30 business days of each work order; revise within 3 business days after comments; final reports due 2 business days after acceptance. • Pricing is per‑assignment with built‑in discounts (15 % for > 3 similar assignments, 20 % for re‑appraisals within 12 months) and premiums for accelerated delivery (5‑20 %). • Vendor must meet staffing thresholds (minimum one MAI appraiser, multiple NY‑state certified appraisers) and comply with all contractual riders and NYC procurement policies.

Attached files

Contact

Florence Mai(Procurement Analyst)

[email protected]

(212) 386-0470

Key dates

Opened
9/2/2026
Questions due
10/1/2026
Pre-bid meeting
9/23/2026
Closes
10/22/2026
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
541618
Solicitation №
85625P0004

Budget estimate

$500,000 – $1,200,000

The solicitation cites an estimated procurement ceiling of $1,050,000 for the three‑year base period. Considering the discount/premium structures, the actual earned amount will vary by the number and type of assignments awarded. A conservative estimate assumes the full ceiling is reached: low end around $500,000 (if only a subset of the maximum assignments are awarded) and high end up to $1,200,000 (if the vendor secures the maximum number of assignments, applies premium rates, and captures renewal extensions).

AI estimate from the solicitation

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