California eProcure #03A4213

Caltrans seeks on-call title and escrow services for property acquisitions in Yolo County

Caltrans, under the California State Transportation Agency, is seeking licensed title and escrow companies for a five-year, multi-provider, on-call contract to support property acquisitions for state highway projects in Yolo County. - Government Buyer: - California Department of Transportation (Caltrans), Division of Procurement and Contracts, Bid Unit - OEMs and Vendors: - No specific OEMs; bidders must be licensed title and escrow companies regulated by the California Department of Insurance - Products/Services Requested: - Preliminary Title Reports (75 reports for parcels) - Title Record Search (10 hours) - Statement of Record Ownership Charge (per parcel) - Updates (Continuation Guarantees) of Preliminary Title Reports and Litigation Guarantees (25 per parcel) - Copies of additional documents, including filed maps - Document Signing Fee - Document Preparation Fee - Electronic Recording Fee - Disbursement Service Fee - Electronic receipt and printing of loan and homeowner association documents - Residential and Commercial Policy of Title Insurance Rates - Residential and Commercial Litigation Guarantee Rates - Residential and Commercial Escrow Rates - 3rd Party Reconveyance and Subordination Fees (actual costs, no markup, plus 10% of subtotal) - Unique/Notable Requirements: - Bidders must hold a valid California Department of Insurance Title and Escrow license - Services are on-call and as-needed, with expedited delivery required for some reports and guarantees - Timely delivery of preliminary reports, handling partial acquisitions and reconveyances, and in-person title searches at the county recorder's office - Participation goals for small, disadvantaged, and disabled veteran businesses are encouraged - Contract term is approximately five years, with possible extensions to complete open escrow orders

Description

This solicitation is for a multi-provider on-call and as-needed agreement to provide title and escrow services for property acquisitions in Yolo County to accommodate future State Highways. Services include furnishing preliminary and updated title reports, policies of title insurance, litigation guarantees, and performing escrow services as needed. The contract requires timely delivery of reports and insurance policies, with some services potentially expedited. Bidders must be licensed title and escrow companies regulated by the California Department of Insurance.

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