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City of Saco·Maine

Commercial Equalization Project

Closes 2/8/2024$150k – $300kRequest for Proposal
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Description

The City of Saco is seeking a qualified commercial appraisal firm to create a comprehensive inventory and “just‑value” appraisal of every taxable business and commercial parcel (approximately 421 properties) within the city, with the owners‑of‑record date set for April 1 2025. The contractor must develop a record‑keeping system, produce a detailed commercial appraisal manual, train City staff, conduct market‑data studies, and handle public outreach, including owner notices and hearings. Payments are made monthly on a percentage‑complete basis, retaining 20 % until final acceptance and a satisfactory sales‑ratio study.

Attached files

Contact

Kate Kern(Assessor)

[email protected]

(207) 282-1611

Key dates

Opened
1/3/2024
Closes
2/8/2024
Duration
12 months

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531210

Budget estimate

$150,000 – $300,000

The contract does not disclose a total price, but similar municipal commercial appraisal projects for ~400 properties typically range from $150 K to $300 K, depending on the depth of market studies, system development, and training components. Assuming $350‑$400 per property plus additional fees for system design and training, the expected award could fall within the low‑six‑figure to mid‑six‑figure range.

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