Gnma mortgage backed securites (MBS) program legal support services
Ended Awarded Last action
- Contract number
- 86543E18F00001
- Awardee
-
Venable LLP UEI EC44BLNJVM99
- Awarding agency
-
Government National Mortgage Association
Department of Housing and Urban Development
- Obligated
- $181,337
Award facts
- Opportunity
-
- Mortgage Backed Securities (MBS) Legal Services Ceiling Increase Justification Limited / Sole Source Justification · Posted Aug 17, 2021
- Contract value 7% obligated
- $2,487,437.00 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 541110 Offices of Lawyers
- PSC
- R418 Support- Professional: Legal
- Set-aside
- No set-aside
- Competition
- Full and Open Competition Negotiated Proposal / Quote
- Pricing
- Labor Hours
- Place of performance
- Baltimore, MD 21202, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | -$512,563 | |
| Original award | $693,900 |
About this award
The Department of Housing and Urban Development's Government National Mortgage Association (HUD GNMA) awarded a Delivery Order contract to Venable LLP, a law firm, to provide legal support services for the GNMA Mortgage-Backed Securities (MBS) Program. The contract has a potential value of $2,487,437.00 and is a time and materials pricing arrangement with no set-aside designation. Venable LLP has provided legal services to HUD GNMA under multiple contracts since 2019, assisting with the transition from the London Interbank Offered Rate, drafting acknowledgement agreements, advising on issuer liquidity matters, and supporting legislative and regulatory changes related to the GNMA MBS Program. The contract work is performed in Washington, D.C. and East Case, Maryland.
Quick answers
Who was awarded contract 86543E18F00001?
86543E18F00001 was awarded to Venable LLP by Government National Mortgage Association (Department of Housing and Urban Development) on January 12, 2018.
How much is contract 86543E18F00001 worth?
The government has obligated $181,337 on 86543E18F00001. Its current value, with exercised options, is $2,487,437.
Is contract 86543E18F00001 an order under another contract?
Yes. 86543E18F00001 is a delivery order under 86543E18D00002, an indefinite delivery contract.
Was contract 86543E18F00001 competed?
The extent of competition for 86543E18F00001 was full and open competition.
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