Delivery Order 86614524D00010-86614525F00001

Award Date 11/19/24
Potential Completion Date 11/21/25
Potential Value $10M
Contracting Federal Agency
Atlanta Operations Branch
Ultimate Awardee
Not listed
Set-Aside Type
No Set-Aside Used
Federal Contract Vehicle
Extent Competed
Full and Open Competition
Major Defense Program
Not listed
Pricing Type
Firm Fixed Price
Place of Performance
Miami, FL 33175, USA
Solicitation Procedures
Negotiated Proposal / Quote
Number Of Offers Received
Not listed
Legislative Mandate
Walsh Healy Act
National Interest Action
Not listed
Research Type
Not listed
Primary Consortia Member
Not listed
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  • 86614524D00010
    Indefinite Delivery Contract
  • 86614524D00010-86614525F00001
    Delivery Order

The U.S. Department of Housing and Urban Development (HUD) awarded a Firm Fixed Price Delivery Order contract to 24 Asset Management Corp, a minority-owned small business, to provide field service management services for HUD's single-family real estate owned (REO) properties in multiple regions, including Areas 1D, 3A/4A, 3S/5S, 4D/5D, 5A/8A, and 5P. The contract has a ceiling value of $10,140,684.00 and covers activities such as property inspections, security, repairs, utility management, and disposition tracking. This Delivery Order is part of a larger Indefinite Delivery Contract (IDC) framework awarded to 24 Asset Management Corp in 2022 and 2023, with individual IDCs valued between $33 million and $70 million. These IDCs support HUD's objectives of preserving communities, maintaining property values, and maximizing returns to the Federal Housing Administration's insurance funds by efficiently managing foreclosed homes. The contract has no set-aside designation.

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