Home equity conversion mortgage (hecm
Ended Definitive Contract Awarded Last action
- Contract number
- 86614923C00006
- Awardee
-
Compu-Link Corp UEI X3YNUCZD67A6
- Awarding agency
-
Real Estate Assessment Center
Department of Housing and Urban Development
- Obligated
- $70,204,206
Award facts
- Opportunity
-
- 86614923R00005 Solicitation number
- Contract value 94% obligated
-
- $70,204,206.00 Current, with exercised options
- $74,720,625.00 Potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Funding agency
- Housing Office of Single Family Housing Department of Housing and Urban Development
- NAICS code
- 522390 Other Activities Related to Credit Intermediation
- PSC
- R710 Support- Management: Financial
- Set-aside
- No set-aside
- Competition
- Not Competed · 1 offer Only One Source
- Pricing
- Firm Fixed Price
- Place of performance
- Tulsa, OK 74133, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Other Administrative Action | $13,258,206 | |
| Exercise an Option | $27,125,000 | |
| Funding Only Action | $4,000,000 | |
| Funding Only Action | $21,000 | |
| Exercise an Option | $12,900,000 | |
| Original award | $12,900,000 |
About this award
This is a definitive contract awarded by the Department of Housing and Urban Development (HUD) to Compu-Link Corp, operating through its Celink division and doing business as G-Link Government Solutions. The $74,720,625.00 firm fixed-price contract is for the administration of the Home Equity Conversion Mortgage (HECM) program, which allows seniors to convert home equity into monthly income or lines of credit. The contract extends the period of performance on a previous contract's CLIN 0007 to allow the contractor to complete the backlog of HECM work. This contract does not have a set-aside designation. Compu-Link Corp is the prime contractor, and there are no indicated subcontractors. The contract is focused on providing essential financial services that support the government's reverse mortgage programs for seniors.
Quick answers
Who was awarded contract 86614923C00006?
86614923C00006 was awarded to Compu-Link Corp by Real Estate Assessment Center (Department of Housing and Urban Development) on September 8, 2023.
How much is contract 86614923C00006 worth?
The government has obligated $70,204,206 on 86614923C00006. Its potential value, with all options, is $74,720,625.
Which agency awarded contract 86614923C00006?
Real Estate Assessment Center (Department of Housing and Urban Development) awarded 86614923C00006, with funding from Housing Office of Single Family Housing (Department of Housing and Urban Development).
Was contract 86614923C00006 competed?
The extent of competition for 86614923C00006 was not competed. The government received 1 offer.
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