Posted Date : November 02,2020
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : ESTATE-3798
Government Authority located in Groton, Connecticut; USA based organization looking for expert vendor for industrial real estate appraisals service.
[A] Budget: Looking for Proposals
[B] Scope of Service:
Vendor needs to provide industrial real estate appraisals service to the government authority located in Groton, CT.
- Each appraisal must explore each of the three approaches to value, i.e. cost, income capitalization and comparable sales.
- The basic land value must be carefully established using comparable sales. Items of comparison should include location, zone, shape, topography, state of sale, etc.
- The buildings and improvements, including tax exempt pollution control facilities, must be carefully inspected and specifically described.
- The income approach to value must be considered. Since the subject properties are owner occupied, leases, vacancy rates and expenses of comparable properties must be investigated.
- Value is determined by comparing the subject property with sales of comparable properties.
- The successful respondent will decide which approach or approaches is (are) indicative of value and explain his/her reasoning.
- Should a court appeal be filed against any of these selected appraisals, the successful respondent will be responsible for expert testimony at an hourly rate to be agreed upon between the Town and the successful respondent and specified in the contract.
[C] Eligibility:
- Onshore (US Organization Only);
[D] Work Performance:
NA
Budget :
Deadline to Submit Proposals: December 04,2020
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
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Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : ESTATE-3798
Government Authority located in Groton, Connecticut; USA based organization looking for expert vendor for industrial real estate appraisals service.
[A] Budget: Looking for Proposals
[B] Scope of Service:
Vendor needs to provide industrial real estate appraisals service to the government authority located in Groton, CT.
- Each appraisal must explore each of the three approaches to value, i.e. cost, income capitalization and comparable sales.
- The basic land value must be carefully established using comparable sales. Items of comparison should include location, zone, shape, topography, state of sale, etc.
- The buildings and improvements, including tax exempt pollution control facilities, must be carefully inspected and specifically described.
- The income approach to value must be considered. Since the subject properties are owner occupied, leases, vacancy rates and expenses of comparable properties must be investigated.
- Value is determined by comparing the subject property with sales of comparable properties.
- The successful respondent will decide which approach or approaches is (are) indicative of value and explain his/her reasoning.
- Should a court appeal be filed against any of these selected appraisals, the successful respondent will be responsible for expert testimony at an hourly rate to be agreed upon between the Town and the successful respondent and specified in the contract.
[C] Eligibility:
- Onshore (US Organization Only);
[D] Work Performance:
NA
Budget :
Deadline to Submit Proposals: December 04,2020
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$