IRS Real Estate Appraisal Services Awarded to Arkansas Appraisers for $197,689.25
Contract Overview
Contract Amount: $197,689 ($197.7K)
Contractor: Arkansas Appraisers, Inc
Awarding Agency: Department of the Treasury
Start Date: 2026-04-06
End Date: 2031-04-05
Contract Duration: 1,825 days
Daily Burn Rate: $108/day
Competition Type: NOT COMPETED UNDER SAP
Number of Offers Received: 1
Pricing Type: LABOR HOURS
Sector: Other
Official Description: EXPERT WITNESS SERVICES - REAL ESTATE APPRAISALS FOR THE INTERNAL REVENUE SERVICE, CHIEF COUNSEL BRANCH.
Place of Performance
Location: LITTLE ROCK, PULASKI County, ARKANSAS, 72207
State: Arkansas Government Spending
Plain-Language Summary
Department of the Treasury obligated $197,689.25 to ARKANSAS APPRAISERS, INC for work described as: EXPERT WITNESS SERVICES - REAL ESTATE APPRAISALS FOR THE INTERNAL REVENUE SERVICE, CHIEF COUNSEL BRANCH. Key points: 1. Contract awarded for expert witness services in real estate appraisals. 2. The contract duration is 5 years, ending April 5, 2031. 3. The primary agency is the Internal Revenue Service, Chief Counsel Branch. 4. The North American Industry Classification System (NAICS) code is 531320 (Offices of Real Estate Appraisers).
Value Assessment
Rating: fair
The contract value is $197,689.25 over five years. Without specific benchmarks for expert witness real estate appraisal services, it's difficult to definitively assess pricing. However, the average annual value is approximately $39,537, which seems reasonable for specialized legal support.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract was not competed under the Simplified Acquisition Procedures (SAP). This suggests a limited competition approach, potentially due to specific requirements or existing relationships. The impact on price discovery is unclear without further details on the solicitation process.
Taxpayer Impact: Taxpayer funds are being used for essential legal support services for the IRS. The cost appears moderate for the duration and scope.
Public Impact
Ensures IRS has access to expert real estate valuation for legal cases. Supports the Chief Counsel Branch in resolving property-related disputes. Potential impact on tax revenue if appraisals are inaccurate or contested.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Limited competition may lead to higher costs.
- Long contract duration could reduce flexibility.
- Lack of detailed performance metrics.
Positive Signals
- Provides specialized expertise for IRS legal needs.
- Ensures continuity of essential appraisal services.
- Clear contract end date allows for future re-evaluation.
Sector Analysis
This contract falls within the professional services sector, specifically legal and financial support for government agencies. Spending benchmarks for expert witness services can vary widely based on specialization and case complexity.
Small Business Impact
There is no indication that small businesses were involved in this contract award. Further analysis would be needed to determine if opportunities were missed.
Oversight & Accountability
Oversight is likely managed by the IRS Chief Counsel Branch. Accountability would be tied to the quality and timeliness of the appraisal services provided under the purchase order.
Related Government Programs
- Offices of Real Estate Appraisers
- Department of the Treasury Contracting
- Internal Revenue Service Programs
Risk Flags
- Limited competition
- Lack of clear performance metrics
- Potential for cost overruns if scope expands
- Dependency on a single vendor for critical services
Tags
offices-of-real-estate-appraisers, department-of-the-treasury, ar, purchase-order, 100k-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $197,689.25 to ARKANSAS APPRAISERS, INC. EXPERT WITNESS SERVICES - REAL ESTATE APPRAISALS FOR THE INTERNAL REVENUE SERVICE, CHIEF COUNSEL BRANCH.
Who is the contractor on this award?
The obligated recipient is ARKANSAS APPRAISERS, INC.
Which agency awarded this contract?
Awarding agency: Department of the Treasury (Internal Revenue Service).
What is the total obligated amount?
The obligated amount is $197,689.25.
What is the period of performance?
Start: 2026-04-06. End: 2031-04-05.
What specific criteria led to the limited competition for these expert witness services?
The limited competition likely stems from the specialized nature of real estate appraisals required for IRS legal cases. This could include specific expertise in complex property valuations, knowledge of tax law related to real estate, or established track records with the agency. Without further details on the solicitation, it's presumed that these factors justified a non-full and open competition approach to ensure the necessary qualifications were met.
How does the pricing compare to similar expert witness contracts for real estate appraisals?
Benchmarking this contract's pricing is challenging without access to a broader dataset of similar expert witness services for real estate appraisals. The annual value of approximately $39,537 suggests a moderate cost. However, the true value depends on the complexity of the cases, the required expertise, and the geographic location of the appraisals. A more thorough analysis would require comparing rates for similar services across different federal agencies or private sector contracts.
What is the potential impact on taxpayer funds if the appraisal services are not effective?
Ineffective appraisal services could lead to significant negative impacts on taxpayer funds. If appraisals are inaccurate, it could result in under or over-assessment of property values, potentially leading to lost tax revenue or unfair tax burdens. Furthermore, poorly executed appraisals could prolong legal disputes, increasing overall litigation costs for the IRS and, by extension, taxpayers. Robust oversight and clear performance standards are crucial to mitigate these risks.
Industry Classification
NAICS: Real Estate and Rental and Leasing › Activities Related to Real Estate › Offices of Real Estate Appraisers
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES
Competition & Pricing
Extent Competed: NOT COMPETED UNDER SAP
Solicitation Procedures: SIMPLIFIED ACQUISITION
Offers Received: 1
Pricing Type: LABOR HOURS (Z)
Evaluated Preference: NONE
Contractor Details
Address: 5905 FOREST PL STE 100, LITTLE ROCK, AR, 72207
Business Categories: Category Business, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $213,690
Exercised Options: $197,689
Current Obligation: $197,689
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Timeline
Start Date: 2026-04-06
Current End Date: 2031-04-05
Potential End Date: 2031-04-05 13:41:01
Last Modified: 2026-04-06
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