23-0106 Real Estate Appraisal Services (State COOP)

This contract is for real estate appraisal services, including commercial and residential appraisals, appraisal reviews, and real estate consulting. The City of Goodyear has entered into a cooperative purchasing agreement with Appraisal Technologies, LLC, which was awarded a contract by the State of Arizona. The contract has an initial term of one year, with the option to extend for five consecutive one-year periods. The contractor will provide appraisal services in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) and Arizona state laws. The contract includes provisions for payment, termination, and indemnification. Some key points include: • The contractor must hold an active license or certification with the Arizona Department of Insurance and Financial Institutions. • The contractor must provide appraisal services in accordance with USPAP and Arizona state laws. • The contractor must not provide both appraisal and appraisal review services on the same project. • The contractor must not accept appraisals, reviews, or consulting assignments on projects where the contractor is the owner or has any interest in the real estate. • The contractor must provide court testimony as an expert witness if subpoenaed by the Arizona Attorney General's office.