Title
Dept/ Agency: Economic and Housing Development
Action: () Ratifying (X) Authorizing ( ) Amending
Type of Service: Professional Services Contract
Purpose: Provide Real Estate Appraisal Services
Entity Name: Value Research Group, LLC
Entity Address: 301 Livingston Avenue, Suite 104, Livingston, New Jersey 07039
Contract Amount: Amount not to exceed $10,000.00
Funding Source: 2016 City of Newark Budget, Economic and Housing Development
Contract Period: One Year from a Notice to Proceed
Contract Basis: ( ) Bid ( ) State Vendor (X) Prof. Ser. ( ) EUS
(X) Fair & Open ( ) No Reportable Contributions ( ) RFP (X) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
Three (3) proposals were picked up
Two (2) proposals received
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WHEREAS, the City of Newark, Department of Economic and Housing Development ("City") has determined that there is a need for professional services contracts for the Real Estate Appraisal Services; and
WHEREAS, real estate appraisal services are professional services, exempt from the requirement for public bidding, pursuant to the Local Public Contracts Law, N.J.S.A. 40A:11-5(1)(a)(i); and
WHEREAS, the City of Newark caused to be published a Notice of Request for Qualifications (RFQ) for Real Estate Appraisal Services on or about June 2, 2016; and
WHEREAS, three (3) proposals were picked up and the City of Newark received a total of two (2) proposals in response to its RFQ for Real Estate Appraisal Services; and
WHEREAS, Value Research Group, LLC, 301 Livingston Avenue, Suite 104, Livingston, New Jersey 07039, submitted a proposal in response to the RFQ and it was found, based upon price and other factors, to be in the best interest of the City of Newark to accept the proposal for the purpose of providing Real Estate Appraisal Services ; and
WHEREAS, the City of Newark wishes to ...
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