Agency TRANSPORTATION DEPT

Contractor Berning & Heidebrecht, Ltd.

SWIFT Contract Number 78297

Project Name Parcel 329 Business Valuation Appraisal

Project Number (if applicable) 5901

Summarize purpose of the contract, including why it was necessary: Provide a business evaluation appraisal with expert witness services for a property at the TH 7 and TH 100 interchange.
MnDOT needs a neutral party for appraisals.

Project Duration

Start Date Fri, 05/23/2014 - 00:00

Original end date Tue, 06/30/2015 - 00:00

Actual end date Thu, 01/21/2016 - 00:00

Did project finish on time? Yes

Total billable hours utilized (if applicable) {Empty}

Contract Amounts

Original contract: $15000.00

Amendments $15000.00

Contract total $30000.00

Did project finish within budget? Yes

What was the funding source? Trunk Highway

Is this a sole source contract? No

If this was a single source contract, explain why the agency determined there was only a single source for the services (if applicable) n/a

Evaluator Name John Mascari

Evaluator Email Address john.mascari@state.mn.us

Evaluate the contractor's timeliness Very good, delivered as anticipated.

Evaluate the contractor's quality Very good

Evaluate the contractor's cost Competitive with other top firms.

Evaluate the contractor's overall performance Very Good, see below.

The subject was a total acquisition of a commercial building located in the city of St. Louis Park. The property was owner-occupied and operated as a Holiday gas/convenience station. It was needed for the upgrading of the interchange of Highway 7 and 100. MnDOT has acquired the property thru eminent domain. The owner filed a “going in concern” claim (loss of business). Mr. Richard Berning produced the business valuation appraisals based upon three hypothetical scenarios. He was very cooperative, dependable and produced high quality work. The parcel settled in mediation before court testimony was required.

Would you engage the contractor's services again? Yes

Describe any negative action taken during the duration of this contract (i.e., termination, pursuit of suspension, etc.): n/a

Please rate the overall experience with the contractor 5 - very satisfied