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Awarded contract·Barnegat Township·New Jersey

Appraiser

Won by Henry J. Mancini & Associates, Inc.$60kSingle Award
Contract source

Awarded vendors

  • Henry J. Mancini & Associates, Inc.

Description

The Township of Barnegat entered into a 2026 professional‑services agreement with Henry J. Mancini & Associates, Inc. for real‑estate appraisal services. The vendor will provide appraisal reports, valuation of land and improvements, and optional litigation testimony, all performed under USPAP standards. Compensation is based on hourly rates for appraisers, staff, and field personnel, plus copy, binder, and cancellation fees; late payments accrue 1.5 % monthly interest. The contract is effective for the 2026 calendar year, includes a 14‑day proposal validity window, and requires the township to supply necessary data within five days of acceptance. No competitive bidding process is documented, suggesting a sole‑source award. • Scope: appraisal reports, optional testimony, data usage rights, compliance with USPAP. • Financial terms: hourly rates ($175 MAI appraiser, $130 staff, $115 field, $67 clerical) plus ancillary fees; no lump‑sum budget disclosed. • Governance: disputes resolved by binding arbitration; cancellation charges apply based on timing.

Attached files

Key dates

Duration
1 year

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Real Estate
NAICS
531210

Contract value

$60,000

The contract does not disclose a total dollar amount. Using the listed hourly rates and assuming a typical municipal appraisal workload (e.g., 120 hours for a senior MAI appraiser, 200 hours for staff/appraiser support, and 80 hours for field assistants), the estimated labor cost would be: (120 hrs × $175) + (200 hrs × $130) + (80 hrs × $115) ≈ $21,000 + $26,000 + $9,200 = $56,200. Adding ancillary copy/binder fees (≈ $2,000) and a modest contingency brings the total to roughly $60,000. Therefore a reasonable ball‑park value for the 2026 appraisal contract is about sixty‑thousand US dollars.

AI estimate from the award documents

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