MPA 439 Escrow and Title Services

Master Price Agreement MPA 439, solicitation OEV26006453, establishes a pool of qualified title firms and licensed attorneys to provide escrow and title services for state agencies across Rhode Island on an as-and-when-required basis. The scope of work includes representing agencies at closings, performing real estate title searches, preparing reports of title and escrow agreements, and issuing title insurance policies. The contract consists of three base years and two option years, running from May 1, 2026, through April 30, 2031. Pricing is based on maximum allowable hourly rates for attorneys, title searchers, and document preparation, as well as title insurance rates per thousand. To qualify, vendors must pass several mandatory gates, including maintaining an office within 30 miles of Rhode Island and providing valid Rhode Island Bar Association or Department of Business Regulation Title Agent licenses. Attorneys must carry professional liability insurance with minimum limits of 2 million dollars per occurrence and 2 million dollars annual aggregate. Additionally, prime contractors must acknowledge a minimum 15 percent participation requirement for Minority, Woman, and Veteran-Owned Business Enterprises. Performance standards require title insurance commitments to be submitted within 45 days and final policies issued within 30 days of closing, with specific standard exceptions deleted unless otherwise agreed upon by the agency. All ordering and billing are conducted directly between the vendor and the user agency, with documented direct costs such as recording fees and taxes reimbursed at cost.