Professional Business Valuation and Appraisal Services
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
AI Contract Overview
The Internal Revenue Service is seeking quotations from qualified contractors to provide independent professional business valuation and appraisal services for a Federal estate tax examination. The primary objective is to determine the fair market value of a 100 percent interest in an entity holding a 2 percent minority stake in a National Football League franchise, with a valuation date of February 7, 2023. The work will be performed in Chicago, Illinois, and is structured into three phases: initial research and analysis, the preparation of a full narrative appraisal report, and ongoing support for reviews, rebuttals, protests, and appeals. The contract is a small business set-aside and will be awarded on a firm-fixed-price basis for professional services, with separate provisions for authorized travel and miscellaneous expenses. Qualified experts must hold credentials such as CFA, AVA, ABV, ABAR, or ASA and demonstrate specific experience in valuing professional sports franchises or complex privately held minority interests. Interested offerors must submit their technical qualifications, pricing for each CLIN, and administrative business information to the contract specialist by August 31, 2026.
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Chicago, IL, USASet-Aside
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Full Description
Professional Business Valuation and Appraisal Services
The Internal Revenue Service (IRS) is soliciting quotations from qualified contractors to provide independent professional business valuation and appraisal services in support of a Federal estate tax examination.
The requirement involves determining the fair market value (FMV) of a 100% interest in an entity that holds a 2% minority interest in a National Football League (NFL) franchise. The applicable valuation date is February 7, 2023, and the anticipated location of performance is Chicago, Illinois.
The contractor shall provide the services described in the attached Statement of Work (SOW). The requirement is divided into the following phases:
Phase 1 – Research and Analysis:
The Expert shall conduct independent research and analysis to determine the fair market value of the subject equity interest and provide a preliminary value.
Phase 2 – Full Narrative Appraisal Report:
The Expert shall prepare a Full Independent Narrative Appraisal Report stating the fair market value of the subject interest based on the information available.
Phase 3 – Review, Rebuttal, Protest, and Appeals Support:
The Expert shall review the taxpayer's appraisal report(s), provide written analysis, and, when ordered, review and evaluate taxpayer protests or rebuttals and provide consultation and Appeals support.
The solicitation includes five corresponding CLINs:
- CLIN 0001 – Phase 1 – Research and Analysis
- CLIN 0002 – Phase 2 – Full Narrative Appraisal Report
- CLIN 0003 – Phase 3 – Review, Rebuttal, Protest, and Appeals Support
- CLIN 0004 – Travel – Authorized Travel
- CLIN 0005 – Miscellaneous Expenses – Authorized Miscellaneous Expenses
The Government intends for expert services to be priced on a firm-fixed-price basis, with authorized travel and miscellaneous expenses handled in accordance with the requirements of the SOW.
Quote Submission Requirements
Interested offerors shall submit a complete quotation containing sufficient information for the Government to evaluate the offeror's ability to successfully perform the requirement. At a minimum, quotations shall include:
- Contractor Information: Legal business name, address, UEI, CAGE Code (if applicable), point of contact, telephone number, email address, business size/socioeconomic status, and confirmation of active SAM.gov registration.
- Technical Qualifications and Experience: Identify the proposed Expert(s), professional credentials, and relevant experience. The SOW identifies applicable credentials as including CFA, AVA, ABV, ABAR, or ASA. Offerors should demonstrate relevant experience in business/equity valuation, professional sports franchise valuation or similarly complex privately held interests, minority/noncontrolling interests, and applicable lack-of-control and lack-of-marketability considerations.
- Price Quote: Provide pricing for each applicable CLIN. Pricing for the professional appraisal services shall be submitted on a firm-fixed-price basis. Authorized travel and miscellaneous expenses shall be separately identified in accordance with the SOW.
- Exceptions/Assumptions: Clearly identify any exceptions, assumptions, or requested deviations from the Statement of Work or other solicitation requirements.
Submission of Quotes
Quotes shall be submitted electronically by 08/31/2026 at 12pm cst to the Contract Specialist Tatanisha Mccall ,Tatanisha.l.mccall@irs.gov.
Offerors are responsible for ensuring that their complete quotation is received by the solicitation closing date and time.
The Statement of Work and applicable solicitation provisions and clauses are attached and incorporated into this solicitation. Offerors should review all attachments in their entirety before submitting a quotation.
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