Total Loss Valuation – Heavy Equipment

The contract seeks qualified vendors to assess and determine the Actual Cash Value of totaled heavy equipment by analyzing market comparables, equipment condition, and usage history to support informed disposal decisions. The valuation process must be thorough and defensible, ensuring that financial outcomes align with current market realities and operational needs. The work is expected to be performed under a subcontract arrangement, with an emphasis on accuracy and reliability to facilitate timely and cost-effective resolution of total loss claims. The opportunity is posted under NAICS code 541380 for Other Professional, Scientific, and Technical Services and is managed by the Iowa agency. Proposals must be submitted by July 26, 2026, with the solicitation initially posted on July 16, 2026. There is no set-aside designation, and performance location details are not specified. Interested parties can access the full solicitation through the provided web link on the SciQuest platform.