Maritime Appraisal and Collateral Analysis

This contract involves performing independent appraisals of maritime vessels to assess their market value, depreciation, and associated risks, which will support federal loan collateralization and credit underwriting processes. It is designated as a total small business set-aside under the SBA guidelines, aligning with NAICS code 531390, which pertains to appraisal services. The award is a subcontract issued by the Department of Transportation’s Maritime Administration, specifically for work to be performed at the Washington Navy Yard. The solicitation does not specify a solicitation number but was posted on May 24, 2026, with responses due by June 8, 2026. The contract emphasizes accurate and unbiased vessel valuations to support federal lending decisions, ensuring that loans secured by maritime assets are properly underwritten based on current market conditions and risk assessments. The government agency overseeing this opportunity is the Department of Transportation, Maritime Administration, reflecting their role in maritime infrastructure and regulatory functions.