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STATEMENT OF UNDERSTANDING & WORK PLAN <br />A Scone 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 their concerns 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 of the status of our appraisal <br />projects. The firm can assist the City with the following key services. <br />Budgetary Estimates <br />DM&A can assist in the project planning 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 m - <br />depth market and cost research. Accordingly, the conclusions are 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 perforin the <br />necessary research, investigation, and analysis to provide written appraisal reports in compliance with 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 and equipment valuations. <br />The appraisals we provide can be used for settlement negotiations 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 />M <br />