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Awarded contract·City of Independence·Missouri

Escrow and General Title Services

Won by Alpha Title LLC$100kSingle Award
Contract source

Awarded vendors

  • Alpha Title LLC

Description

The City of Independence, MO is seeking qualified vendors to provide Escrow and General Title services for the Public Works and Community Development Departments. The contract includes various items such as charge for each guaranteed title report, delivery of guaranteed title report, service charge to extend guaranteed title report, and more. The recommended award is to Alpha Title LLC. • Charge for each guaranteed title report: $130.00 • Delivery of guaranteed title report: 5 days • Service charge to extend guaranteed title report: No Charge • Closing of transaction and rendition of escrow services: $140.00 • Provide copies of deeds, easements and other documents of public record: No Charge • Fee for issuance of title insurance: $1.45 per thousand

Attached files

Key dates

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531110
Solicitation №
123-15

Contract value

$100,000

The contract value cannot be precisely determined, but based on the bid tabulation matrix, the total value can be estimated by calculating the total cost of all items. However, since the quantity of each item is mostly 1, it seems that the contract is more about providing services on an as-needed basis rather than a fixed-price contract. Assuming an average annual usage of the services, the total contract value could be in the range of $10,000 to $50,000 per year, depending on the actual usage. The total contract value for the entire contract period could be around $50,000 to $200,000.

AI estimate from the award documents

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