Specifications include, but are not limited to: The Appraiser should utilize Current Cost Analysis methodology. The City is requesting valuations based on Replacement Costs when determining values for buildings or structures at a location. The term Replacement Cost means the amount required to repair, replace or rebuild a duplicate of the property in like kind and quality materials in accordance with current market prices for labor and material costs in local area. (Below are requirements for awarded Contractor(s) to provide to the City, within 3 months of a contract being executed. These requirements are not to be submitted with your bid response). For each property listed on the schedule {Exhibit-A), the inspections and appraisals should identify the following data: A. Photos of each structure B. Site Identification - Street address, site code (location), site name, building code, department, and building name. C. GPS coordinates D. Condition of Structure such as Average, Poor or Excellent E. Basic Construction - ISO construction classification, building age, year updated and square footage, occupancy, excavation, foundations, height/number of floors, roof covering, roof shape, age of roof, roof strapping (if applicable) and pitch, exterior walls, floor and basement. F. Building Services - Plumbing, fire protection and ISO class, elevators, HVAC units, electrical and lighting, storm protection, security system and sprinkler systems G. The Appraiser should confirm the ISO construction classifications and FEMA flood zones noted in Exhibit-A and make corrections as necessary H. Attached Exterior Construction - Stairways, covered walkways, emergency lighting and handicap ramps I. Exterior Features (property in the open) - Fencing, lighting, walls, generators, etc. J. Total insured value
