Clarocity Valuation Services, a division of Clarocity Corporation, announced that it has been awarded a one-year contract extension for a Blanket Purchase Agreement, providing Turnkey Nationwide Appraisal Services to the United States Department of Agriculture USDA, the company announced in a release.
The contract, in the amount of $3.8million, is expected to span from September 2017 until September 2018. As part of the contract, USDA will be leveraging both traditional valuation services as well as Clarocity's proprietary alternative appraisal product, MVPro, the company announced.
"The extension of this contract under ClarocityVS is a true testament to the value we are able to bring to our clients and a vote of confidence towards our long-stated belief that alternative appraisals are continuing to grow in demand as the most viable alternative to traditional appraisals," Clarocity Valuation Services (ClarocityVS) President Aleksandra "Zan" James said.
"As one centralized, integrated business we are now able to provide valuation services and this contract illustrates the value of being organized in such a way. As we progress throughout the remainder of the fiscal year, we will continue to actively pursue new clients while ensuring that we are able to grow organically with existing clients,” James added.