Legal advisory for treasury support of the home equity conversion mortgage (hecm) program
Ended Definitive Contract Awarded Last action
- Contract number
- 2032H325C00001
- Awardee
-
Dentons US LLP UEI RMZYP3G4NJ55
- Awarding agency
-
Departmental Offices
Department of the Treasury
- Obligated
- $1,004,340
Award facts
- Contract value 100% obligated
- $1,004,340.00 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 541110 Offices of Lawyers
- PSC
- R418 Support- Professional: Legal
- Set-aside
- No set-aside
- Competition
- Not Competed · 1 offer Only One Source
- Pricing
- Firm Fixed Price
- Place of performance
- Washington, DC 20220, USA
- Legislative mandates
-
- Employment Eligibility Verification (E-Verify) FAR subpart 22.18
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Terminate for Convenience | -$501,574 | |
| Exercise an Option | $501,574 | |
| Other Administrative Action | $0 | |
| Original award | $1,004,340 |
About this award
The U.S. Department of the Treasury's Departmental Offices awarded a $1.0M firm fixed-price definitive contract to Dentons US LLP for legal advisory services supporting the Home Equity Conversion Mortgage (HECM) program. The contract, awarded November 5, 2024, with an ultimate completion date of November 4, 2025, provides specialized legal counsel regarding mortgage industry financing structures involving lenders, borrowers, and servicers. The work will be performed in Washington, D.C., and the contract was not issued under any set-aside designation. A modification to the contract has terminated it for convenience, eliminating any remaining option periods.
Dentons US LLP, a for-profit legal services partnership headquartered in Washington, D.C., serves as the prime contractor and brings substantial federal legal experience to this engagement. The firm maintains a significant legal services presence across multiple federal agencies, including an extensive $125.1M indefinite delivery contract with the Pension Benefit Guaranty Corporation. Dentons' practice areas relevant to Treasury support include corporate transactions, securities law, real estate, tax matters, and federal procurement—positioning the firm to provide comprehensive counsel on the complex financing structures inherent to the HECM program, which enables senior homeowners to convert home equity into liquidity.
Quick answers
Who was awarded contract 2032H325C00001?
2032H325C00001 was awarded to Dentons US LLP by Departmental Offices (Department of the Treasury) on November 5, 2024.
How much is contract 2032H325C00001 worth?
The government has obligated $1,004,340 on 2032H325C00001.
Was contract 2032H325C00001 competed?
The extent of competition for 2032H325C00001 was not competed. The government received 1 offer.
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