This is a federal delivery order contract awarded by the Department of Housing and Urban Development (HUD) to Spectrum Solutions Acquisitions, LLC, a for-profit limited liability company. The contract, valued at $10,102,521, is for field service management services in Area 2D, covering Kansas, Missouri, Arkansas, Oklahoma, Louisiana, and South Texas. The services include property inspections, security measures, cosmetic repairs, homeowners association fee payments, ongoing maintenance, and disposition tracking for HUD's inventory of single-family Real Estate Owned (REO) properties acquired through foreclosure.
This award is not designated as a set-aside contract. Spectrum Solutions Acquisitions holds four significant Indefinite Delivery Contracts (IDCs) with HUD, with a combined potential value exceeding $272 million, to provide these field service management services across various geographic areas. The largest IDC, valued at $87,923,347, covers Area 2D through November 2024. This contract supports HUD's mission of promoting homeownership, preserving communities, and maximizing returns on its property inventory.
Generated 11/27/24, 9:12 AM