Agency Housing Finance Agency

Contractor Herman Appraisal Services Inc

SWIFT Contract Number 164124

Project Name {Empty}

Project Number (if applicable) {Empty}

Summarize purpose of the contract, including why it was necessary: As a PBCA, Minnesota Housing Finance Agency is contractually required to engage one or more qualified real estate appraiser to perform a substantive review on owner-supplied Rent Comparability Studies (RCS) for rent reasonableness and the appropriateness of selected comparable properties to justify proposed Section 8 rent levels.

Project Duration

Start Date Thu, 08/01/2019 - 00:00

Original end date Sat, 07/31/2021 - 00:00

Actual end date Wed, 07/31/2024 - 00:00

Did project finish on time? Yes

Total billable hours utilized (if applicable) {Empty}

Contract Amounts

Original contract: $75000

Amendments $33000

Contract total $108000

Did project finish within budget? Yes

What was the funding source? {Empty}

Is this a sole source contract? No

If this was a single source contract, explain why the agency determined there was only a single source for the services (if applicable) {Empty}

Evaluator Name Cassie Gordon

Evaluator Email Address cassie.gordon@state.mn.us

Evaluate the contractor's timeliness All reviews were returned within the time frames of the contract.

Evaluate the contractor's quality The quality of the reviews provided met our expectations.

Evaluate the contractor's cost The cost was reasonable and comparable to the market.

Evaluate the contractor's overall performance Overall performance was good. There were no issues.

Would you engage the contractor's services again? Yes

Describe any negative action taken during the duration of this contract (i.e., termination, pursuit of suspension, etc.): No negative action was taken.

Please rate the overall experience with the contractor 5 - very satisfied