The Town of Westerly, RI is soliciting sealed bids for the development and implementation of a revaluation program. Bids are due by June 4, 2026, at 2:00 PM EST. Questions must be emailed by May 27, 2026, at 12:00 PM. Proposals will be evaluated based on contractor experience, project manager's waterfront experience, financial stability, and satisfaction with past performance. The bid price must be all-inclusive and the project is tax-exempt. A 5% bid bond is required, and the successful bidder will need to post a 100% payment and performance bond. Quotes must be firm for at least 120 days. The project schedule must be met, with data collection due by November 30, 2027, and final valuations by April 15, 2028. Penalties of $200 per day will be applied for late completion. Payment will be made in periodic installments, with 10% retained until satisfactory completion. The contractor must be Rhode Island certified and provide qualified personnel. All records and data collected become the property of the town. The town reserves the right to reject any or all bids.
The bid documents state that data collection must be completed by November 30, 2027, and final valuations must be delivered no later than April 15, 2028.
The bid documents indicate that payment terms are net 30 days. Periodic payments will be made, with 10% retained until all obligations are fulfilled.
The bid notice states that proposals will be evaluated using comparative criteria including contractor experience, project manager's waterfront experience, contractor financial stability, and level of satisfaction with contractors performance on other projects. The best price shall be the lowest price from a bidder who meets the minimum criteria and provides the highest level of performance.
The contractor must hold a valid Rhode Island revaluation company certification. Personnel must be experienced and qualified, with the project manager or supervisor being certified as a revaluation supervisor and having at least five years of appraisal management experience. Reviewers and appraisers must be certified and have at least three years of practical appraisal experience.
Failure by the contractor to complete all work prior to the specified date of April 15, 2028, shall be cause for a penalty payment of **** per day beyond the specified date of completion.
The bid notice does not explicitly mention a mandatory or optional site visit for bidders. However, it details extensive physical inspections to be performed by the contractor as part of the scope of work.
