Field service management services 5A/8A
Ended Awarded
- Contract number
- 86614525F00014
- Awardee
-
24 Asset Management Corp UEI URM8YYHQMLG3
- Awarding agency
-
Atlanta Operations Branch
Department of Housing and Urban Development
- Obligated
- $11,450,600
Award facts
- Contract value 100% obligated
- $11,450,600.00 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
-
- 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.
About this award
The U.S. Department of Housing and Urban Development's Assistant Secretary for Housing/Federal Housing Commissioner awarded a $11.45 million firm fixed-price delivery order to 24 Asset Management Corp (doing business as Fsr-24 Asset Management) on December 16, 2024, for field service management services in Areas 3A/4A. The delivery order, with an ultimate completion date of December 19, 2025, is issued under HUD's Indefinite Delivery Vehicle framework and represents a task order for comprehensive property management services supporting the Federal Housing Administration's real estate owned property portfolio. The work will be performed in Olympia Heights, Florida, and does not utilize a small business set-aside designation. 24 Asset Management Corp is a Miami-based, Hispanic American-owned small business that has served as a primary contractor for HUD's field service management operations since 2011, managing foreclosed properties across multiple geographic regions nationwide.
The delivery order encompasses field service management activities including property inspections, security services, cosmetic and structural repairs, utility management, ongoing maintenance, and disposition tracking for single-family foreclosed homes. This award reflects HUD's continued reliance on 24 Asset Management Corp as an established vendor within its field service management procurement framework, with the contractor currently holding ten active Indefinite Delivery Vehicles with ceiling values ranging from $37.2 million to $85.1 million awarded in November 2023. The contractor's unrestricted competition status and demonstrated capacity to execute large-scale property management operations across designated service areas underscore its role in supporting HUD's efforts to preserve communities and maintain property values while optimizing returns to Federal Housing Administration insurance funds.
Quick answers
Who was awarded contract 86614525F00014?
86614525F00014 was awarded to 24 Asset Management Corp by Atlanta Operations Branch (Department of Housing and Urban Development) on December 16, 2024.
How much is contract 86614525F00014 worth?
The government has obligated $11,450,600 on 86614525F00014.
Which agency awarded contract 86614525F00014?
Atlanta Operations Branch (Department of Housing and Urban Development) awarded 86614525F00014, with funding from Assistant Secretary for Housing Federal Housing Commissioner (Department of Housing and Urban Development).
Is contract 86614525F00014 an order under another contract?
Yes. 86614525F00014 is a delivery order under 86614524D00005, an indefinite delivery contract.
Was contract 86614525F00014 competed?
The extent of competition for 86614525F00014 was full and open competition.
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