The department of veterans affairs loan guaranty service administers a home loan program that promotes home ownership among our nations veterans and active duty personnel. The program provides federal…

Active Definitive Contract Awarded Last action

Contract number
VA119A17C0062
Awardee
Awarding agency
Obligated
$200,641,130

Award facts

Opportunity
Contract value 54% obligated
  • $302,373,883.77 Current, with exercised options
  • $374,401,947.77 Potential, with all options
Completion date 93% complete
Current and potential, with all options
NAICS code
531311 Residential Property Managers
Set-aside
No set-aside
Competition
Full and Open Competition · 4 offers Negotiated Proposal / Quote
Pricing
Fixed Price Incentive
Place of performance
Washington, DC 20006, USA

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Other Administrative Action P00047 $0
Other Administrative Action P00046 · Real estate owned and portfolio servicing for VA's real estate portfolio -$601
Supplemental Agreement for work within scope P00045 · MOD to incorporate far clause 52.222-90 IAW with executive order 14398 implementing EO 14398 DEI discrimination $0
Other Administrative Action P00044 $0
Other Administrative Action P00043 -$14,870,391
Other Administrative Action P00042 $0
Other Administrative Action P00040 $7,000,000
Exercise an Option P00038 $0
Other Administrative Action P00039 -$1,390
Other Administrative Action P00037 $18,116,441
Other Administrative Action P00036 $0
Other Administrative Action P00035 -$3,247,776
Other Administrative Action P00034 $7,608,902
Exercise an Option P00032 $7,337,157
Exercise an Option P00031 $0
Supplemental Agreement for work within scope P00029 -$3,279,588
Supplemental Agreement for work within scope P00030 $13,819,992
Supplemental Agreement for work within scope P00028 $0
Other Administrative Action P00027 $0
Other Administrative Action P00026 $2,237,300
Other Administrative Action P00025 -$9,790,451
Other Administrative Action P00024 $1,704,300
Exercise an Option P00023 $0
Other Administrative Action P00022 -$774
Other Administrative Action P00021 $9,709,800
Other Administrative Action P00020 $3,290,000
Other Administrative Action P00019 $8,947,000
Exercise an Option P00018 $0
Other Administrative Action P00016 $0
Other Administrative Action P00017 $2,215,500
Other Administrative Action P00015 $1,837,500
Exercise an Option P00014 · Real estate owned and portfolio servicing for VA's real estate portfolio $0
Definitize Change Order P00013 $0
Other Administrative Action P00012 $0
Definitize Change Order P00011 $0
Definitize Change Order P00010 · In-scope report for covid-19 foreclosures $0
Exercise an Option P00009 · Exercise option period IV $10,500,000
Other Administrative Action P00008 · DE-obligate FY 17 funds $0
Other Administrative Action P00007 · Suspend incentives and disincentives due to covid-19 $0
Exercise an Option P00006 · Exercise option period III $0
Other Administrative Action P00005 $0
Other Administrative Action P00004 · Change COR $0
Exercise an Option P00003 · Exercise option period two $0
Exercise an Option P00002 · Exercise option period one $0
Other Administrative Action P00001 $105,542,644
Original award $1
Show all 46

About this award

Written by GovTribe AI ·

The Department of Veterans Affairs, through the VA Strategic Acquisition Center Frederick, awarded a definitive contract to Vendor Resource Management, Inc. for real estate owned and portfolio servicing of VA's residential real estate portfolio on July 1, 2017, with a ceiling value of $374.4 million.

The contract operates on a fixed-price incentive basis. Place of performance is Washington, DC. Work includes management of real estate assets acquired by VA as a byproduct of its home loan guarantee program for veterans and active duty personnel, encompassing both properties and portfolio loans. The ultimate completion date is June 30, 2027.

In FY 2021, the contractor invoiced $27.1 million in government-paid labor, with all work self-performed by the prime and no subcontractor engagement reported.

Description

As the agency reported it.

The department of veterans affairs loan guaranty service administers a home loan program that promotes home ownership among our nations veterans and active duty personnel. The program provides federal home loan guarantees on residential property purchased by veterans and service members. As a byproduct of the guarantee program, VA may become the holder of real estate owned properties and portfolio loans. VA procures a contractor to manage these assets.

Quick answers

Who was awarded contract VA119A17C0062?

VA119A17C0062 was awarded to Vendor Resource Management, Inc. by VA Strategic Acquisition Center Frederick (Headquarters) on July 1, 2017.

How much is contract VA119A17C0062 worth?

The government has obligated $200,641,130 on VA119A17C0062. Its current value, with exercised options, is $302,373,884. Its potential value, with all options, is $374,401,948.

Was contract VA119A17C0062 competed?

The extent of competition for VA119A17C0062 was full and open competition. The government received 4 offers.

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