Procurement of IPA’s
If the IA decides to engage the services of an IPA to determine the appropriate price of a property to be offered to the property owner through negotiated sale under Section 6 of this IRR, the IA shall procure the IPA in accordance with the rules and procedures for the procurement of consulting services RA no. 9184 and its IRR.
An IPA must meet the following criteria to qualify for some consulting services:
- The IPA must be in the list of the BSP or of a professional association of appraises recognize by the BSP, provided that IPA's not yet included in the list shall not be barred from joining the procurement for such services, and provided further that prior to award of the contract, such IPA's shall be required to submit a proof that they are already included in the list; and
- The IPA must comply with the experience and other eligibility requirements provided in RA No. 9184 and it's IRR, including the registration and license required for a Real Estate Appraiser.
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