The Department of the Interior (DOI) has issued a Sources Sought Notice to identify Indian-owned Small Business Economic Enterprises (ISBEE) and Indian-owned Economic Enterprises (IEE) interested in providing appraisal and valuation services for specific properties. The goal is to secure an independent market value opinion of fee simple estates. Interested vendors are required to respond with qualifications, including company size, experience relevant to the NAICS code (531320), and contact details by April 25, 2025.
The subsequent Statement of Work outlines the appraisal process, emphasizing the need for a State Certified General Appraiser and detailing requirements such as market analysis and confidentiality. The appraisal must adhere to the Uniform Standards of Professional Appraisal Practice (USPAP), with a delivery timeline of 60 days post-award. Key tasks include property inspections, analysis of comparable sales, and the completion of a detailed appraisal report. Notable exclusions include structural improvements from valuation and the necessity for thorough documentation of all findings. This initiative aims to enhance real estate transactions associated with Indian trust land and further proper regulatory compliance.
The document outlines a Request for Quotation (RFQ) from the Department of the Interior's Appraisal and Valuation Services Office, specifically targeting appraisal reports for agricultural properties in Northern Cheyenne, Montana. The RFQ emphasizes a total small business set-aside and is guided by the Federal Acquisition Regulation (FAR) for commercial services. Key requirements include qualifications for appraisers, technical acceptability criteria, and a focus on past performance and pricing evaluation. Submission guidelines necessitate a cover letter detailing essential identification information, while technical qualifications require evidence of relevant experience, licensing, and compliance with appraisal standards. The evaluation process prioritizes technical qualifications and past performance over cost, and requires firms to be registered in the System for Award Management (SAM). Furthermore, contractors must adhere to financial protocols, including prompt payments through the Treasury's Invoice Processing Platform. Overall, the initiative reflects the federal government's commitment to procuring appraisal services from qualified small businesses, ensuring compliance with legal and procedural standards throughout the contract lifecycle.