Description
The Maryland State Treasurer’s Office is seeking one or more qualified firms to provide comprehensive insurance appraisal services for the State’s owned real property (Category A) and infrastructure (Category B). The work includes physical inspections, preparation of detailed appraisal reports, calculation of Maximum Foreseeable Loss (MFL), provision of diagrams, photographs, GPS coordinates, and COPE (Construction, Occupancy, Protection, Elevation) data. Appraisals must be delivered within 90 days of inspection and no later than December 1 of the appraisal year. The contract will likely be awarded in late December 2026 or January 2027, with start dates targeted for early February 2027 for Category A and within 30 days of a logistics meeting for Category B.
• Scope covers buildings (Category A) and attached/adjacent equipment and underground structures (Category B).
• Deliverables: signed certified appraisal reports (hard copy & electronic), diagrams, photos, GPS data, COPE data, and MFL calculations (percentage of replacement cost).
• Approximately 500 locations above $50 M replacement cost will be appraised over the contract term; up to five Category A sites per year.
• Fees structured as flat‑fee tiers based on square footage (with supplemental hourly components for travel, drones, etc.).
• Mandatory insurance limits: $10 M professional liability, $5 M cyber liability.
• MBE participation goal of 15 % is encouraged; subcontractor list available via MDOT portal.