This flow diagram shows how the decision is made. The valuation assignment is first checked to determine whether the acquisition is complicated or uncomplicated. If the acquisition is complicated, an appraisal is conducted. If the acquisition is uncomplicated, and the value is expected to be less than $10,000 (or less than $25,000 if this option is approved), then a waiver valuation may be prepared.
IMPLEMENTATION: Federal agencies or Project Sponsors would need to:
Decide if they want to use this option
If already using the procedure, the can adjust the maximum amount per the revised regulation if desired.
If not presently using this concept, then procedures consistent with the regulation would need to be developed.
Decide whether programmatic option of up to $25,000 will be used and obtain approval to do so, including appropriate revision of operating procedures.