Dept/ Agency: Administration/Division of Central Purchasing Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Competitive Contracting, pursuant to State and Local Public Contracts Law, N.J.S.A. 40A:11-4.1(p), the competitive contracting process may be used for reassessment or revaluation services Purpose: To provide revaluation of all real property in the City of Newark. Entity Name(s)/Address(s): Appraisal Systems, Inc., 264 South Street, Building 2, Suite 1B, Morristown, New Jersey 07960 Contract Amount: Not to exceed $6,070,000.00 Funding Source: 2024 Budget/Department of Finance, Division of Assessment/NW011-050-0510-71280-B2024 Contract Period: To be established for a period not exceed twenty-four (24) consecutive months upon Municipal Council approval Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions (X) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: To provide revaluation of all real property in the City of Newark. Advertisement: February 27, 2024 Bids Downloaded: Twelve (12) Bids Received: Two (2)
What this record is
- Held by
- Appraisal Systems, Inc
- Amount
- $6.07M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- purchase
professional services contracts in NJ that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Administration
- Introduced
- April 19, 2024
- On agenda
- June 5, 2024
- Passed
- June 5, 2024
Where it was heard
Municipal CouncilWatch what Newark buys
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