The purpose of this requirement is to provide lender-placed insurance on properties financed through rural development housing programs to mitigate risk to RD's portfolio of properties when the…
Active Definitive Contract Awarded Last action
- Contract number
- 12C0BA26C0001
- Awardee
-
Proctor Financial Inc. UEI GYV1AZ75LNM1
- Awarding agency
-
Washington Office
Rural Housing Service, Department of Agriculture
- Obligated
- $258,000
Award facts
- Opportunity
-
- Lender-Placed Insurance Services Pre-Solicitation · 12C0BA25R0001 · Posted Aug 19, 2025
- Contract value 20% obligated
-
- $258,000.00 Current, with exercised options
- $1,290,000.00 Potential, with all options
- Completion date 12% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 524210 Insurance Agencies and Brokerages
- Set-aside
- No set-aside
- Competition
- Competed under SAP · 4 offers Simplified Acquisition
- Pricing
- Firm Fixed Price
- Place of performance
- Troy, MI 48098, USA
- Legislative mandates
-
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Supplemental Agreement for work within scope | $0 | |
| Original award | $258,000 |
About this award
The U.S. Department of Agriculture Rural Development awarded a $1.29 million definitive contract to Proctor Financial Inc. for lender-placed insurance services on March 30, 2026, under firm fixed-price terms with no set-aside.
The requirement covers lender-placed insurance on properties financed through Rural Development housing programs to mitigate risk when borrowers fail to maintain adequate coverage. Services include policy placement, property inspections, check processing, mail services, loss processing, flood determinations, an Information Management System, and staff training. Scope encompasses approximately 185,000 Direct Single-Family Housing Loans and 12,990 Multi-Family Housing projects across all 50 states and U.S. territories. Place of performance is Troy, Michigan. The contract runs through March 29, 2031. The award incorporates the mandatory FAR 52.222-90 clause addressing diversity, equity, and inclusion discrimination by federal contractors, as required by Executive Order 14398.
Description
The purpose of this requirement is to provide lender-placed insurance on properties financed through rural development housing programs to mitigate risk to RD's portfolio of properties when the borrowers fail to provide adequate insurance themse
Quick answers
Who was awarded contract 12C0BA26C0001?
12C0BA26C0001 was awarded to Proctor Financial Inc. by Washington Office (Rural Housing Service) on March 30, 2026.
How much is contract 12C0BA26C0001 worth?
The government has obligated $258,000 on 12C0BA26C0001. Its potential value, with all options, is $1,290,000.
Was contract 12C0BA26C0001 competed?
The extent of competition for 12C0BA26C0001 was competed under sap. The government received 4 offers.
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