Field service management (FSM) services area 1D
Ended Awarded Last action
- Contract number
- 86614525F00011
- Awardee
-
24 Asset Management Corp UEI URM8YYHQMLG3
- Awarding agency
-
Atlanta Operations Branch
Department of Housing and Urban Development
- Obligated
- $3,752,246
Award facts
- Contract value 100% obligated
- $3,752,246.00 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Funding agency
- Assistant Secretary for Housing Federal Housing Commissioner Department of Housing and Urban Development
- NAICS code
- 531311 Residential Property Managers
- Set-aside
- No set-aside
- Competition
- Full and Open Competition Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- Olympia Heights, FL 33175, USA
- Legislative mandates
-
- Walsh-Healey Public Contracts Act FAR subpart 22.6
- Service Contract Act FAR subpart 22.10
- Employment Eligibility Verification (E-Verify) FAR subpart 22.18
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Original award | $3,752,246 |
About this award
The U.S. Department of Housing and Urban Development has awarded a $3.75 million delivery order to 24 Asset Management Corp for Field Service Management Services in Area 1D, with performance based in Miami, Florida. This delivery order, issued on February 16, 2025 with completion scheduled for February 15, 2026, is structured as a firm fixed price contract with no small business set-aside designation. 24 Asset Management Corp, a Hispanic American-owned small business, will provide comprehensive field service management and property maintenance services supporting HUD's management of single-family real estate owned (REO) properties in the designated geographic area. The delivery order falls under one of the contractor's existing Indefinite Delivery Contracts with HUD, which provide a framework for task order issuance across multiple geographic regions.
24 Asset Management Corp brings substantial experience in federal property management, having maintained a diverse contract portfolio with HUD and other agencies since 2011. The contractor's core service offerings include property inspections, security services, cosmetic repairs, utility management, and disposition tracking for foreclosed homes—services designed to support HUD's objectives of preserving communities and maintaining property values. The company maintains registrations as a minority-owned small business in SAM.gov and has successfully executed previous delivery orders under similar HUD IDV arrangements, with individual task order values historically ranging from $4.8 million to $10.2 million, demonstrating capacity to manage large-scale property management operations across multiple federal regions.
Quick answers
Who was awarded contract 86614525F00011?
86614525F00011 was awarded to 24 Asset Management Corp by Atlanta Operations Branch (Department of Housing and Urban Development) on February 16, 2025.
How much is contract 86614525F00011 worth?
The government has obligated $3,752,246 on 86614525F00011.
Which agency awarded contract 86614525F00011?
Atlanta Operations Branch (Department of Housing and Urban Development) awarded 86614525F00011, with funding from Assistant Secretary for Housing Federal Housing Commissioner (Department of Housing and Urban Development).
Is contract 86614525F00011 an order under another contract?
Yes. 86614525F00011 is a delivery order under 86614524D00003, an indefinite delivery contract.
Was contract 86614525F00011 competed?
The extent of competition for 86614525F00011 was full and open competition.
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