Specifications include, but are not limited to: A. The Revaluation Update PROJECT requires the complete appraisal and revaluation of all real taxable property, utilizing the City’s present physical data, except where listed as “not included” in this contract specification, and all non-taxable and tax exempt real property located within the corporate limits of the City of Portsmouth. Of particular importance to the City is the Company’s experience in using Vision Appraisal Technology Computer-Assisted Mass Appraisal (CAMA) software. B. The COMPANY that executes the contract with the City shall furnish all labor, materials, supplies and equipment, and shall perform all work for the project in strict accordance with these contract specifications. C. The PROJECT shall be subject to the direct supervision and approval of the Assessing Director of the City of Portsmouth. The Assessing Director shall have final approval of personnel, forms, records and materials utilized in this PROJECT. The PROJECT shall conform to “Assessment Review” guidelines promulgated by NH Assessing Standards Board and Chapter 600, Rules of the Department of Revenue Administration, State of NH. D. The values to be determined shall be full market value as defined in the N.H. Revised Statutes Annotated and New Hampshire Supreme Court decisions. Basis of valuation shall be the recognized methods of appraising real property, as defined by the Appraisal Institute and the International Association of Assessing Officers (IAAO). E. The PROJECT shall include the valuation of the following categories of real property within the City: 1. All taxable real property, including land, buildings and improvements except as noted below. 2. All non-taxable and tax-exempt property. All decisions regarding the taxable status of any property shall be made by the Assessing Director. F. For the duration of this project, the COMPANY shall utilize the latest version of Vision Appraisal Technology’s CAMA software. The COMPANY will be responsible for any costs incurred by the CITY associated with software licensing necessary to carry out the project. 1. The successful vendor will be required to utilize this system to its full capabilities and will be expected to establish a successful working relationship with the software supplier in order to ensure efficient and effective installation and implementation. 2. At the time of project inception, the City shall provide two copies of the Vision database: one for read-only purposes, to represent the data as it was at the start of the project; and the other for live updating by the COMPANY during the course of the project.