To provide operations and maintenance development modernization and enhancements for fass-FHA.

Active Definitive Contract Awarded Last action

Contract number
86615324C00002
Awardee
Awarding agency
Obligated
$2,724,304

Award facts

Opportunity
  • 86615323Q00005 Solicitation number
Contract value 79% obligated
  • $2,724,304.00 Current, with exercised options
  • $3,444,856.00 Potential, with all options
Completion date 62% complete
  • Current, with exercised options
  • Potential, with all options
Funding agency
Office of the Chief Information Officer Department of Housing and Urban Development
Set-aside
8(a) Sole Source
Competition
Not Available for Competition · 1 offer Only One Source
Pricing
Firm Fixed Price
Place of performance
Washington, DC 20004, USA
Legislative mandates

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Funding Only Action P00007 $330,012
Supplemental Agreement for work within scope P00006 $0
Exercise an Option P00005 $368,836
Exercise an Option P00004 · Fass $686,944
Funding Only Action P00003 · The purpose of this modification is fund option year 1 on corrected contract. Previous contract number is 86615323F00005. $672,480
Other Administrative Action P00002 · Federal assessment subsystem (fass), federal housing administration (FHA) - operations and maintenance development modernization and enhancements $0
Original award $666,032

About this award

The Department of Housing and Urban Development, Office of the Chief Information Officer, awarded a $3.44 million definitive contract to 2Ndwave LLC, an 8(a) certified small disadvantaged business, for operations and maintenance, development, and modernization of the Federal Assessment Subsystem (FASS) for the Federal Housing Administration on April 22, 2024, under an 8(a) sole source set-aside.

Place of performance is Washington, DC. The contract runs through April 22, 2028 on a firm fixed-price basis. The originating solicitation describes sustainment, enhancements, and modernization work on the FASS system supporting HFA operations.

Service Contract Inventory data shows actual government-invoiced labor of $56 thousand across 1.2 FTEs and 2,464 contractor hours in FY2024, at a derived hourly rate of $22.74. FY2025 invoicing reached $679 thousand across 2.8 FTEs. 2Ndwave self-performed all reported hours with no subcontractor engagement.

Quick answers

Who was awarded contract 86615324C00002?

86615324C00002 was awarded to 2Ndwave LLC by Information Technology Support (Department of Housing and Urban Development) on April 22, 2024.

How much is contract 86615324C00002 worth?

The government has obligated $2,724,304 on 86615324C00002. Its potential value, with all options, is $3,444,856.

Which agency awarded contract 86615324C00002?

Information Technology Support (Department of Housing and Urban Development) awarded 86615324C00002, with funding from Office of the Chief Information Officer (Department of Housing and Urban Development).

Was contract 86615324C00002 competed?

The extent of competition for 86615324C00002 was not available for competition. The government received 1 offer. It was set aside: 8(a) Sole Source.

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