MBS legal services AA task order
Ended Awarded Last action
- Contract number
- 86615623F00001
- Awardee
-
Venable LLP UEI EC44BLNJVM99
- Awarding agency
-
Federal Housing Administration Support
Department of Housing and Urban Development
- Obligated
- $216,080
Award facts
- Opportunity
-
- 86615623R00002 Solicitation number
- Contract value 93% obligated
- $233,430.50 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
- 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 | $0 | |
| Funding Only Action | $0 | |
| Other Administrative Action | -$599,150 | |
| Exercise an Option | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $616,500 | |
| Exercise an Option | $0 | |
| Original award | $216,080 |
About this award
Venable LLP, a prominent Washington, D.C.-based law firm, was awarded a delivery order valued at $233,430.50 on November 8, 2022, to provide legal support services for the Government National Mortgage Association's (Ginnie Mae) Mortgage-Backed Securities (MBS) Program. This task order, which was completed on November 9, 2022, was awarded without a set-aside designation and will be performed in East Case, Maryland. The contract is structured on a labor-hours basis, reflecting the specialized nature of the legal services being delivered to support Ginnie Mae, a program within the Department of Housing and Urban Development that manages over $2 trillion in mortgage assets.
Venable LLP has established itself as a key legal service provider to Ginnie Mae through multiple prior contract awards totaling over $4 million. The firm's work has historically focused on critical legal assistance including regulatory review and drafting, tax law research, intellectual property matters, program development, and review of Acknowledgement Agreements. As the prime contractor on this award with no identified subcontractors, Venable LLP continues its role in providing essential legal support to facilitate Ginnie Mae's management of the MBS Program and address complex regulatory and operational matters inherent to mortgage-backed securities administration.
Quick answers
Who was awarded contract 86615623F00001?
86615623F00001 was awarded to Venable LLP by Federal Housing Administration Support (Department of Housing and Urban Development) on November 8, 2022.
How much is contract 86615623F00001 worth?
The government has obligated $216,080 on 86615623F00001. Its current value, with exercised options, is $233,431.
Which agency awarded contract 86615623F00001?
Federal Housing Administration Support (Department of Housing and Urban Development) awarded 86615623F00001, with funding from Government National Mortgage Association (Department of Housing and Urban Development).
Is contract 86615623F00001 an order under another contract?
Yes. 86615623F00001 is a delivery order under 86543E18D00002, an indefinite delivery contract.
Was contract 86615623F00001 competed?
The extent of competition for 86615623F00001 was full and open competition.
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