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STATEMENT OR UNDERSTANDING .& WORK PLAN <br />A Scope of Work Statement <br />DM &A's appraisal specialty, furniture, fixtures and equipment valuation, Is a vital component of any <br />acquisition project. Our appraisers recognize the Importance of a detailed approach to any assignment, <br />and are cognizant of our role as representing our clients. Our professionals have extensive experience <br />interviewing business owners, and make efforts to address theirconcorns and needs in these meetings, <br />DM &A has bilingual professionals to interface with Spanish- speaking business owners. We work closely <br />with agency staff and their attorneys in order to keep all parties apprised ofthe status of our appraisal <br />projects. The firm can assist the City with the following key services. <br />Budgetary Esllmales <br />DM &A can assist 1n the project punning phase by preparing budgetary fixtures and equipment estimates. <br />These estimates are based upon limited site inspections and our experience in valuing comparable <br />businesses. This type of analysis does not include detailed inventory of fixtures and equipment or in- <br />depth market and cost research. Accordingly, the conclusions tire highly preliminary and inappropriate <br />for settlement negotiations. The preliminary estimates are solely suitable for budgetary purposes. <br />Comprehensive Appraisals <br />In providing furniture, fixtures and equipment appraisal services to the City, DM &A will perform the <br />necessary research, investigation, and analysis to provide written appraisal reports in compliance wl0) the <br />standards of the Uniform Standards of Professional Appraisal Practice (USPAP), the Uniform Relocation <br />Assistance and Real Property Acquisition Policies Act of 1970, and Public Law 91 -646 (the Uniform Act) <br />as they pertain to fixtures mid equipment vatuntions, <br />The appraisals we provide can be used for settlarm nt nogotiations and are appropriate for legal exchange. <br />In addition, DM &A's fixtures and equipment specialist has experience in providing testimony in <br />depositions regarding conclusions of value, DM &A can provide litigation support functions related to <br />16 <br />25F -106 <br />