Field service management services 5A/8A
Ended Awarded Last action
- Contract number
- 86614525F00002
- 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
-
- 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.
About this award
The U.S. Department of Housing and Urban Development (HUD) awarded a $11.45 million delivery order to 24 Asset Management Corp, a Miami-based minority-owned small business, for field service management services in geographic Area 5A/8A. The delivery order, issued on December 16, 2024, with an ultimate completion date of December 19, 2025, is structured as a firm fixed-price contract with no small business set-aside designation. This award is issued under one of 24 Asset Management Corp's existing Indefinite Delivery Contracts with HUD, which were established in November 2023 and June 2022 with potential values ranging from $33 million to $85 million. The company, doing business as FSR-24 Asset Management and registered in SAM.gov since 2011, specializes in comprehensive property management solutions for HUD's single-family real estate owned (REO) properties.
Under this delivery order, 24 Asset Management Corp will provide field service management for foreclosed homes, including property inspections, security services, cosmetic repairs, utility management, maintenance activities, and disposition tracking. These services support HUD's strategic objectives of preserving communities, maintaining property values, and maximizing returns to the Federal Housing Administration's insurance funds. The contractor has demonstrated substantial experience executing similar regional field service management contracts for HUD across multiple geographic areas, with individual task order values typically ranging from $4.8 million to $10.2 million.
Quick answers
Who was awarded contract 86614525F00002?
86614525F00002 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 86614525F00002 worth?
The government has obligated $11,450,600 on 86614525F00002.
Which agency awarded contract 86614525F00002?
Atlanta Operations Branch (Department of Housing and Urban Development) awarded 86614525F00002, with funding from Assistant Secretary for Housing Federal Housing Commissioner (Department of Housing and Urban Development).
Is contract 86614525F00002 an order under another contract?
Yes. 86614525F00002 is a delivery order under 86614524D00006, an indefinite delivery contract.
Was contract 86614525F00002 competed?
The extent of competition for 86614525F00002 was full and open competition.
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