Gnma mortgage-backed securities (MBS) program legal services (acknowledgement agreement and issuer liquidity matters)
Ended Definitive Contract Awarded Last action
- Contract number
- 86615624C00001
- Awardee
-
Venable LLP UEI EC44BLNJVM99
- Awarding agency
-
Federal Housing Administration Support
Department of Housing and Urban Development
- Obligated
- $1,069,873
Award facts
- Opportunity
-
- 86615624Q00001 Solicitation number
- Contract value 98% obligated
- $1,087,073.00 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Funding agency
- Government National Mortgage Association Department of Housing and Urban Development
- NAICS code
- 541110 Offices of Lawyers
- PSC
- R418 Support- Professional: Legal
- Set-aside
- No set-aside
- Competition
- Not Competed under SAP · 1 offer Simplified Acquisition
- Pricing
- Time and Materials
- Place of performance
- Washington, DC 20410, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | -$489,527 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $502,600 | |
| Exercise an Option | $268,500 | |
| Exercise an Option | $268,500 | |
| Other Administrative Action | $251,300 | |
| Original award | $268,500 |
About this award
This is a federal contract awarded by the Government National Mortgage Association (Ginnie Mae), an agency within the Department of Housing and Urban Development (HUD), to Venable LLP, a prominent law firm in Washington, D.C. The contract is for legal services related to Ginnie Mae's Mortgage-Backed Securities (MBS) Program, including reviewing and drafting regulations, researching tax laws, filing trademark applications, developing new programs, and reviewing Acknowledgement Agreements (AAs). The contract has a ceiling value of $1,087,073.00 and is a definitive, time and materials contract with a period of performance ending on June 13, 2025. The contract was awarded on October 14, 2023 and does not have a small business set-aside designation.
Quick answers
Who was awarded contract 86615624C00001?
86615624C00001 was awarded to Venable LLP by Federal Housing Administration Support (Department of Housing and Urban Development) on October 14, 2023.
How much is contract 86615624C00001 worth?
The government has obligated $1,069,873 on 86615624C00001. Its current value, with exercised options, is $1,087,073.
Which agency awarded contract 86615624C00001?
Federal Housing Administration Support (Department of Housing and Urban Development) awarded 86615624C00001, with funding from Government National Mortgage Association (Department of Housing and Urban Development).
Was contract 86615624C00001 competed?
The extent of competition for 86615624C00001 was not competed under sap. The government received 1 offer.
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