Scope of Work Question

[nauthead]

The appraiser has proposed and the Client has agreed (prior to submission) that the level of development and reporting detailed above is sufficient to address the substantiate criteria of a reasonable Scope of Work within the context of the Intended Users and Intended Use. With the exception of revisions made for the purpose of correction of any errors, the Appraiser does not anticipate further development or reporting requirements for this assignment. Any additional requests from the Client or any third parties may represent a change in the assignment conditions and require the development of a new assignment. With the exception of corrections of any errors or omissions, any additional requests must be made in writing and may be subject to additional billing to recover the costs associated with the additional work.

 

[Fred]

The appraiser has proposed and the Client has agreed (prior to submission) that the level of development and reporting detailed above is sufficient to address the substantiate criteria of a reasonable Scope of Work within the context of the Intended Users and Intended Use. With the exception of revisions made for the purpose of correction of any errors, the Appraiser does not anticipate further development or reporting requirements for this assignment. Any additional requests from the Client or any third parties may represent a change in the assignment conditions and require the development of a new assignment. With the exception of corrections of any errors or omissions, any additional requests must be made in writing and may be subject to additional billing to recover the costs associated with the additional work.

What he said.

 

[CANative]

What he said.

Actually, it's what George Hatch said a few years ago. I snagged it then and still use it now.

 

[nauthead]

I knew somebody had posted it before but I could not remember who it was. That statement has been in my reports since.

 

[Terrel L. Shields]

Originally Posted by nauthead

The appraiser has proposed and the Client has agreed (prior to submission) that the level of development and reporting detailed above is sufficient to address the substantiate criteria of a reasonable Scope of Work within the context of the Intended Users and Intended Use. With the exception of revisions made for the purpose of correction of any errors, the Appraiser does not anticipate further development or reporting requirements for this assignment. Any additional requests from the Client or any third parties may represent a change in the assignment conditions and require the development of a new assignment. With the exception of corrections of any errors or omissions, any additional requests must be made in writing and may be subject to additional billing to recover the costs associated with the additional work.

Lemme see.....call it a correction and it's what? A correction? The original a draft? A new assignment.....gee...I love appraising.

typos should be corrected. period. The notion it modifies the SOW seems inscrutable. And some of those who see it as modifying the SOW aren't about to call it a draft.....If it's a new assignment you need a new engagement letter right?

For our next thread we will argue about how many angels can dance on the head of a pin and if it matters whether it is square dancing or ball room dancing. I see your wings angel, but the question was "Can you fly?"

 

[Mary Tiernan]

Very interesting then that the Q&A has given a completely different diagnosis of the "new assignment" versus "extension" that has been explained in this thread:

Question: I recently completed an appraisal for mortgage financing purposes in a purchase transaction and delivered the report to my client. My appraised value did not support the pending sale price. As a result, the purchase transaction was not consummated. However, one week later the buyer and seller entered into a new purchase agreement where the sale price coincided with my appraised value. My client asked if I can provide a revised report that includes the analysis of the newly agreed-upon sale price. To provide a revised appraisal report, must I consider the client's request as a new assignment?
Response: If the client DOES NOT require a more current effective date, USPAP would not mandate treating the request as a new assignment. However, if the client does require a more current effective date, the request must be treated as a new assignment.

In this example, regardless of whether the effective date is changed, the date of the report would have to change to accurately reflect the appraiser's consideration of the newly obtained agreement of sale. Because the new purchase agreement was obtained after the date of the first report, the revised report would need to have a date of report that is the same as or later than the date the new purchase agreement was obtained by the appraiser.

Hmmmm - does this actually refer to a "revised report" and not a "new assignment"?

 

[Mary Tiernan]

December Q&A refers to changing the Scope of Work when client requests new information:

http://www.appraisalfoundation.org/s_appraisal/bin.asp?CID=12&DID=1113&DOC=FILE.PDF