Whose appraised value must prevail? That of the agency or the COA?

The appraisal to be performed by COA engineers is aimed at providing the auditor concerned with a reference value in his/her audit of the sale/ disposal of government property to gauge the reasonableness of the disposal price. The appraised value is an estimate or opinion of the value of an adequately described property as of a specific date transmitted in writing and supported by the presentation and analysis of relevant and factual data. The COA appraised value should not be confused with the government floor price in a public auction. The setting of a government floor price is a management responsibility where the appraised value adopted is deemed to be most advantageous to the government and the government shall receive fair compensation for the items sold.