Loren Data Corp.

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COMMERCE BUSINESS DAILY ISSUE OF MAY 9,1995 PSA#1342

National Auction Company, 1325 S. Congress Avenue, Suite 106, Boynton Beach, FL 33426

R -- PROPERTY PREPARATION AND REPAIR CONTRACTORS SOL 0719-92-0201-009-0710-040 due 051295 POC Contact Point, George L. Richards, (407)364-7004. Notice of intent to solicit qualified property preparation & repair contractors for an affordable housing disposition residential property auction SOS # 0719-92-0201-009-0710-040. National Auction Company intends to distribute a Solicitation of Services requesting proposals from qualified firms to perform required maintenance and repairs to approximately 60 properties for sale by auction. These properties are located in the southern part of the State of Florida. The properties to be prepared for sale are owned by various receiverships or conservatorships and/or their subsidiaries, all of which are controlled by the Resolution Trust Corporation. The property preparation services will include but will not necessarily be limited to: providing individual cost estimates, completing approved property repairs; prepare comprehensive completion reports for each property prepared. To be considered well-qualified a firm must (1) have experience in repairing large numbers of properties for auction in a short period of time i.e. complete preparations to approximately 60 properties in a 90 day period; (2) meet the following insurance requirements; a) Workman's Compensation Insurance; b) General Liability Insurance in an amount not less than $1,000,000; (3) demonstrate knowledge of RTC Minimum Habitability requirements; (4) be licensed to do business in the State of Florida; (5) have financial capability to bill for work with 45 day payment term. Firms desiring to respond to this announcement must submit a notification letter on official firm letterhead stating affirmatively that the firm is qualified to perform the above service and to meet the above requirements, and is interested in receiving a solicitation. The notification letter must include: firm name, street address, phone and facsimile numbers; federal tax identification number; name of contract person; Minority or Women Owned Business status; and signature of an officer or general partner of the firm. Notification letters must include a firm resume not to exceed four pages. It is the intent of National Auction Company to distribute this solicitation only to qualified firms. MWOBs are encouraged to apply and will be given special consideration. National Auction Company also encourages the participation of MWOBs in joint venture and subcontracting arrangements. Multiple awards may be made. Notification letters must be either hand delivered, sent by overnight courier, or certified mail, return receipt requested to: National Auction Company, 1325 S. Congress Avenue, Suite 106, Boynton Beach, FL 33426. Attention: Dean Hedges, Phone number (407)364-7004. Notification letters must be received on or before 5:00 PM Eastern Standard Time on Friday, May 12, 1995. Notification letters received after this time, or which do not conform with all above instructions, will be deemed non-responsive. Firms responding as directed in this announcement, with the appropriate experience and meeting necessary requirements, will be mailed a detailed Solicitation of Services authorizing them to submit a proposal. Due totime frame, solicitation response will be required within five (5) calendar days. (123)

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