Toronto District School Board Bidsandtenders #LGC27-008PQ

Real Estate Appraisal and Consulting Services for Toronto Lands Corporation

Toronto Lands Corporation is seeking qualified appraisal firms to support Toronto District School Board property decisions. - Buyer: Toronto Lands Corporation (TLC), acting as agent for the Toronto District School Board (TDSB). - Opportunity: Prequalification for a non-exclusive, as-needed roster; TLC expects to select three to five firms. No specific appraisal firm or product OEM is named. - Services requested: Real estate appraisals and consulting for TDSB sites and other properties of potential interest, including fee simple, partial-taking, value-in-contribution, leasehold, easement, market-rent, land-exchange, and expropriation valuations. - Additional work may include highest-and-best-use studies, financial impact analyses concerning restrictive covenants or zoning, and evaluations related to official plan amendments and the Planning Act. - Firms may be asked to participate in court, mediation, arbitration, Ontario Land Tribunal, or municipal planning proceedings, including providing expert testimony. - Key qualifications and standards: Appraisals must comply with the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP), as outlined by the Appraisal Institute of Canada (AIC). Principal appraisers must have a recognized university degree, an active A.A.C.I. designation in good standing, and at least 10 consecutive years of professional appraisal experience in both public and private sectors within the Greater Toronto Area. School-board appraisal experience and expert testimony are preferred. - Typical assignment expectations: A quotation, draft and final independent reports, review teleconferences, and a stakeholder meeting; expected turnaround is four to six weeks. - Evaluation focus: Firm experience and capability, team experience, a recent non-industrial appraisal report sample, and compliance requirements. - Contract term: 24 months initially, with up to three additional 12-month extensions. Services are on an as-needed basis; no guaranteed volume or contract value is provided.

Description

Toronto Lands Corporation (TLC), acting as agent for the Toronto District School Board (TDSB), invites qualified real estate appraisal firms to apply for a non-exclusive Vendor of Record roster. TLC intends to select three to five firms to provide appraisal and consulting services for TDSB sites or properties of potential interest on an as-needed basis. The scope includes property valuations, highest and best use studies, market and financial analyses, and participation in municipal, tribunal, legal, or arbitration proceedings, including expert testimony where required. The initial term is 24 months, with up to three additional 12-month extensions at TLC’s discretion.

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