Disapproval. (i) If, after documented diligent efforts have been made to get the needed support and improvements, the appraisal report still does not meet acceptable standards or the value estimate is not adequately supported, then the review appraiser may disapprove or reject an appraisal report. Rejection indicates particular problems of integrity. The review appraiser must clearly show why the appraisal report is inadequate. A copy of the appraisal and the technical appraisal review will be submitted to the NHQ staff appraiser upon completion. (ii) Ultimate disapproval of a contract appraisal report because the value estimate is, in the review appraiser’s opinion, unsupported or not supported strongly enough, does not constitute "rejection" for contract payment purposes if the contractor has complied with the contract specifications. (iii) Recommending a second appraisal to confirm, support, or replace an unapproved appraisal report does not constitute rejection. If, however, the second report supports a significantly different value estimate and that report is ultimately approved, this effectively disapproves the previous appraisal report or reports.
Appears in 4 contracts
Samples: Cooperative Agreement, Cooperative Agreement, Cooperative Agreement
