Basic Information

Reference Number

cb-579-30122321

Issuing Organization

Canada Mortgage and Housing Corporation

Solicitation Type

RFP - Request for Proposal (Formal)

Solicitation Number

002532

Title

Appraisal and Progress Advance Validation Management Services

Source ID

PWGSC

Agreement Types

Canada-European Union Comprehensive Economic and Trade Agreement(CETA)

Canadian Free Trade Agreement (CFTA)

Details

Location

Canada

Dates

Publication

2024/01/31 12:00:00 AM EST

Closing Date

2024/03/15 10:00:00 AM EDT

Contact Information

Sara Brady

(000) 000-0000

sbrady@cmhc-schl.gc.ca

Description

Canada Mortgage and Housing Corporation (CMHC) provides mortgage loan insurance under the National Housing Act (NHA) and the regulations thereunder. CMHC-insured financing is available to facilitate the purchase (with or without improvements), the construction, or a borrower-initiated switch between approved lenders of an existing loan in relation to an eligible residential property comprised of up to four units. Insurance applications are submitted by Approved Lenders and assessed by CMHC. The assessment process may include appraisals and site visits being conducted to determine the value or condition of a property or to conduct progress advance reviews.

With this RFP, CMHC is seeking the services of two (2) vendors to manage Appraisal Services including Full, Drive-by, and Desktop Appraisals and Progress Advance Validation (PAV) inspection requests nationally and, one (1) vendor to manage Progress Advance Validation inspections for the province of Quebec.

The term of the agreement resulting from the RFP is expected to be for a period of three (3) years from July 4, 2024, to July 3, 2027, with an option to extend the agreements on the same terms and conditions for one (1) additional two (2)-year term.

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