Gnma mortgage-backed securities program legal services (general legal assistance and advice)
Active Definitive Contract Awarded Last action
- Contract number
- 86615624C00004
- Awardee
-
Hunton Andrews Kurth LLP UEI EMD3YKSV8YP3
- Awarding agency
-
Federal Housing Administration Support
Department of Housing and Urban Development
- Obligated
- $647,578
Award facts
- Opportunity
-
- Mortgage Backed Securities (MSB) Legal Services Solicitation · 86615622R00002 · Posted Dec 20, 2022
- Contract value 59% obligated
-
- $647,577.53 Current, with exercised options
- $1,093,880.53 Potential, with all options
- Completion date 60% complete
-
- Current, with exercised options
- Potential, with all options
- Contracting staff
- 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
- Full and Open Competition · 4 offers Negotiated Proposal / Quote
- Pricing
- Labor Hours
- Place of performance
- Washington, DC 20410, USA
- Legislative mandates
-
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Exercise an Option | $227,178 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $218,440 | |
| Other Administrative Action | $0 | |
| Modification | $201,960 | |
| Other Administrative Action | $0 |
About this award
The Government National Mortgage Association awarded a $1.09 million definitive contract to Hunton Andrews Kurth LLP for legal services supporting its mortgage-backed securities program on November 3, 2023, with no set-aside used. The contract is priced on labor hours against a ceiling and runs through November 2, 2028, with a base year plus four one-year option periods per the originating solicitation.
The award is titled general legal assistance and advice. The originating solicitation, posted December 20, 2022, with proposals due January 19, 2023, sought document review, memoranda and legal opinions, and advice on MBS program matters, structured finance, and MBS tax law. It planned two awards: one for general MBS legal assistance and advice, and one for acknowledgement agreement reviews and issuer liquidity matters. Evaluation factors were technical qualifications, past performance, and price. Place of performance on the award is Washington, DC 20410, while the solicitation specified the contractor's facility. The procurement is coded NAICS 541110 and PSC R425.
Quick answers
Who was awarded contract 86615624C00004?
86615624C00004 was awarded to Hunton Andrews Kurth LLP by Federal Housing Administration Support (Department of Housing and Urban Development) on November 3, 2023.
How much is contract 86615624C00004 worth?
The government has obligated $647,578 on 86615624C00004. Its potential value, with all options, is $1,093,881.
Which agency awarded contract 86615624C00004?
Federal Housing Administration Support (Department of Housing and Urban Development) awarded 86615624C00004, with funding from Government National Mortgage Association (Department of Housing and Urban Development).
Was contract 86615624C00004 competed?
The extent of competition for 86615624C00004 was full and open competition. The government received 4 offers.
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