Definitive Contract 86615526C00004
Active Awarded Last action
- Contract number
- 86615526C00004
- Awardee
-
Venable LLP UEI EC44BLNJVM99
- Awarding agency
-
Government National Mortgage Association
Department of Housing and Urban Development
- Obligated
- $1,553,200
Award facts
- Opportunity
-
- MBS Legal Services - Acknowledgement Agreements and Issuer Liquidity Matters Special Notice · 86615526R00003 · Posted Jun 30, 2026
- Contract value 19% obligated
-
- $1,553,200.00 Current, with exercised options
- $8,386,858.00 Potential, with all options
- Completion date 0% complete
-
- Current, with exercised options
- 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
- Baltimore, MD 21202, USA
- Legislative mandates
-
- Employment Eligibility Verification (E-Verify) FAR subpart 22.18
Award details come from SAM.gov/FPDS.
About this award
The Government National Mortgage Association awarded an $8.386 million definitive contract to Venable LLP for acknowledgement agreements and issuer liquidity matters legal services on December 14, 2026, under a sole-source procurement with no competitive set-aside.
HUD determined that only one responsible source is reasonably capable of performing these specialized legal services due to the unique nature of the work and the Government's need for service continuity. The contract is firm fixed price with a ceiling value of $8.386 million and an ultimate completion date of December 13, 2031. Place of performance is Baltimore, MD. The work is classified under NAICS 541110 (Offices of Lawyers). This award succeeds a prior contract (86615525C00005) awarded June 4, 2025, with a 12-month initial term and a 6-month extension exercised May 12, 2026. The originating special notice, posted June 30, 2026, with a due date of July 7, 2026, describes legal services supporting Ginnie Mae's Mortgage-Backed Securities Program, including review and advisory services essential to the MBS Program's operation and management of mortgage assets.
Quick answers
Who was awarded contract 86615526C00004?
86615526C00004 was awarded to Venable LLP by Government National Mortgage Association (Department of Housing and Urban Development) on December 14, 2026.
How much is contract 86615526C00004 worth?
The government has obligated $1,553,200 on 86615526C00004. Its potential value, with all options, is $8,386,858.
Was contract 86615526C00004 competed?
The extent of competition for 86615526C00004 was not competed. The government received 1 offer.
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