Real Property Appraisal and Appraisal Review Services

Northbridge Housing Solutions, an agency of the State of Arkansas, is soliciting quotes for as-needed real property appraisal and appraisal review services under RFQ 26-008-Q. The scope involves establishing just compensation for the acquisition of various residential properties, including single-family homes, multifamily structures, townhomes, condominiums, and improved lots. To maintain independence and avoid conflicts of interest, the agency intends to award the appraiser and review appraiser roles to different firms. All work must comply with USPAP, 49 CFR Part 24, and the Uniform Appraisal Standards for Federal Land Acquisitions. The contract is a firm fixed-price agreement per report by property tier, with an aggregate ceiling of 60,000 dollars covering an initial one-year term and two optional one-year renewals. Award will be granted to the responsive and responsible quoter offering the lowest Evaluated Quote Total, with qualifications assessed on a pass/fail basis. Key requirements include specific certifications for multifamily appraisers, professional liability insurance of at least 1,000,000 dollars per claim, and strict adherence to federal civil rights and Section 3 guidelines. Submissions must be received by November 23, 2026, at 2:00 p.m. Central Time, and must include a narrative not exceeding 15 pages, a redacted sample appraisal report, and required HUD certifications. Payment is issued within 30 days following the acceptance of deliverables and receipt of a correct invoice.