Definitive Contract 86615623C00004

Active Awarded Last action

Contract number
86615623C00004
Awardee
Awarding agency
Obligated
$9,194,047

Award facts

Opportunity
Contract value 60% obligated
  • $10,960,460.50 Current, with exercised options
  • $15,197,347.91 Potential, with all options
Completion date 74% complete
Current and potential, with all options
Contracting staff
Funding agency
Housing Office of Healthcare Programs Department of Housing and Urban Development
Set-aside
Competitive 8(a)
Competition
Full and Open Competition after exclusion of sources · 5 offers Negotiated Proposal / Quote
Pricing
Firm Fixed Price
Place of performance
Washington, DC 20410, USA
Legislative mandates

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Funding Only Action P00015 $2,010,416
Other Administrative Action P00014 $0
Exercise an Option P00013 $2,010,443
Other Administrative Action P00012 $0
Funding Only Action P00011 $1,916,680
Funding Only Action P00010 $163,810
Other Administrative Action P00009 -$223,023
Exercise an Option P00008 $1,912,710
Funding Only Action P00007 $221,582
Other Administrative Action P00006 -$221,582
Other Administrative Action P00005 $40,981
Other Administrative Action P00004 -$40,981
Other Administrative Action P00003 $0
Other Administrative Action P00002 -$2,891,952
Exercise an Option P00001 $911,759
Original award Section 232 loan underwriting and closing services $3,383,204
Show all 16

About this award

Written by GovTribe AI ·

The Department of Housing and Urban Development awarded a $15.2 million definitive contract to Nuvologic Consulting Inc., a women-owned small business, for Section 232 loan underwriting and closing services on February 3, 2023, under a competitive 8(a) set-aside. The contract carries an ultimate completion date of February 2, 2028.

The originating solicitation, posted in November 2021, sought underwriting functions, technical document review, and closing services including loan due diligence, closing administration, and reporting support for the Office of Residential Care Facilities. Place of performance is Washington, DC. The work is priced firm fixed price.

Under Service Contract Inventory reporting for FY2024, the contract invoiced $597 thousand across 2.8 FTEs and 5,836 contractor hours, reflecting a blended government-paid rate of $102.34 per hour. Nuvologic subcontracted approximately 45 percent of contractor hours in that fiscal year.

Quick answers

Who was awarded contract 86615623C00004?

86615623C00004 was awarded to Nuvologic Consulting Inc. by Federal Housing Administration Support (Department of Housing and Urban Development) on February 3, 2023.

How much is contract 86615623C00004 worth?

The government has obligated $9,194,047 on 86615623C00004. Its current value, with exercised options, is $10,960,461. Its potential value, with all options, is $15,197,348.

Which agency awarded contract 86615623C00004?

Federal Housing Administration Support (Department of Housing and Urban Development) awarded 86615623C00004, with funding from Housing Office of Healthcare Programs (Department of Housing and Urban Development).

Was contract 86615623C00004 competed?

The extent of competition for 86615623C00004 was full and open competition after exclusion of sources. The government received 5 offers. It was set aside: Competitive 8(a).

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