Asset management services area 3P
Ended Awarded Last action
- Contract number
- 86616022F00055
- Awardee
-
Raine & Company, LLC UEI WNCDANULC217
- Awarding agency
-
Atlanta Operations Branch
Department of Housing and Urban Development
- Obligated
- $694,388
Award facts
- Contract value 124% obligated
- $558,862.58 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
- 531390 Other Activities Related to Real Estate
- Set-aside
- No set-aside
- Competition
- Not Competed Only One Source
- Pricing
- Firm Fixed Price
- Place of performance
- Atlanta, GA 30305, USA
- Legislative mandates
-
- 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 |
|---|---|---|
| Close Out | -$7,300 | |
| Funding Only Action | -$135,525 | |
| Other Administrative Action | $0 | |
| Original award | $701,688 |
About this award
Raine & Company, LLC, a minority-owned small disadvantaged business based in Atlanta, Georgia, was awarded a delivery order valued at $558,862.58 under the Asset Management Services Area 3P contract (UPP-2022-HU-00140) by the U.S. Department of Housing and Urban Development's Office of the Assistant Secretary for Housing Federal Housing Commissioner. This firm fixed-price delivery order, awarded on September 1, 2022, with an ultimate completion date of February 28, 2023, was not issued under a set-aside designation, reflecting the contractor's competitive capabilities in the federal marketplace. The award supports HUD's comprehensive asset management operations in the designated geographic region, with performance taking place in Atlanta, Georgia.
Raine & Company has established itself as a strategic partner to HUD through its Woman-Owned and Black American-Owned designations, providing a robust suite of asset management services including financial reporting, regulatory compliance monitoring, property inspections, budgeting, and disposition assistance for federally-owned and subsidized housing assets. The company has secured multiple Indefinite Delivery Contracts with HUD covering various asset management areas across different geographic regions, with ceiling values ranging up to $39.4 million. These services directly support HUD's mission of preserving affordable housing stock and maintaining the quality of federally-supported multifamily housing portfolios nationwide.
Quick answers
Who was awarded contract 86616022F00055?
86616022F00055 was awarded to Raine & Company, LLC by Atlanta Operations Branch (Department of Housing and Urban Development) on September 1, 2022.
How much is contract 86616022F00055 worth?
The government has obligated $694,388 on 86616022F00055. Its current value, with exercised options, is $558,863.
Which agency awarded contract 86616022F00055?
Atlanta Operations Branch (Department of Housing and Urban Development) awarded 86616022F00055, with funding from Assistant Secretary for Housing Federal Housing Commissioner (Department of Housing and Urban Development).
Is contract 86616022F00055 an order under another contract?
Yes. 86616022F00055 is a delivery order under 86616022D00013, an indefinite delivery contract.
Was contract 86616022F00055 competed?
The extent of competition for 86616022F00055 was not competed.
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