Description
The Department of Conservation and Recreation is seeking a vendor to conduct an appraisal review of a conservation restriction interest in a subject property that meets federal appraisal standards. The selected vendor will be responsible for reviewing the appraisal report to ensure it meets the requirements of the Uniform Appraisal Standards for Federal Land Acquisitions and the Uniform Standards of Professional Appraisal Practice. The property is part of the federally funded Cambridge Grant Forest Legacy Project. The scope of work includes reviewing the appraisal report, verifying the data and assumptions used, and ensuring that the report meets all the requirements outlined in the 2016 Yellowbook Requirements for Appraisal Reports.
• The appraisal report must include a title page, letter of transmittal, table of contents, and executive summary.
• The report must also include a statement of assumptions and limiting conditions, a scope of work, and a description of the property and its improvements.
• The vendor must have experience in conducting appraisal reviews and must be familiar with the Uniform Appraisal Standards for Federal Land Acquisitions and the Uniform Standards of Professional Appraisal Practice.
• The vendor must also have knowledge of the local real estate market and be able to verify the data and assumptions used in the appraisal report.
• The selected vendor will be required to submit a report that includes their findings and recommendations.
• The report must be submitted in a format that is consistent with the requirements outlined in the 2016 Yellowbook Requirements for Appraisal Reports.