Nationwide default management services, to include foreclosure/legal, appraisal, real estate owned disposition, and property preservation.
Active Awarded Last action
- Contract number
- 12SAD223D0004
- Awardee
-
Information Systems & Networks Corporation UEI WN6NG8L4CM46
- Awarding agency
-
Rural Housing Service
Department of Agriculture
- Task orders
- 3 $241,224,592 obligated
Award facts
- Opportunity
-
- 12SAD122R0001 Solicitation number
- Combined order value
- $256,731,840 Current and potential, with all options
- Last date to order 37% complete
- IDV ceiling 24% used
- $1,000,000,000.00
- Maximum order
- $300,000,000.00
- Award type
- Multiple award
- Who can order
- Only the awarding agency
- Contracting staff
- NAICS code
- 531390 Other Activities Related to Real Estate
- PSC
- R499 Support- Professional: Other
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 7 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Legislative mandates
-
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
About this IDV
The Nationwide Default Management Services (NDMS) Indefinite Delivery/Indefinite Quantity contract is a $1 billion multiple-award vehicle awarded to Information Systems & Networks Corporation on February 27, 2023, by the U.S. Department of Agriculture's Rural Housing Service. The contract encompasses nationwide default management services for single-family direct loan portfolios, including foreclosure and legal services, property appraisals, Real Estate Owned (REO) disposition, and property preservation activities. The contract extends through February 26, 2033, with primary performance locations in Westlake, Maryland and other locations as required. No small business set-aside was utilized for this award. The contract structure includes firm fixed-price delivery orders and incorporates bilateral modifications to update Facility Class Level (FCL) rates for specific states, including New Mexico and Oklahoma under contract line items 2001-9001, reflecting the contract's flexibility to accommodate rate adjustments as negotiated.
Under the NDMS master contract, Information Systems & Networks Corporation has received multiple task orders totaling approximately $209.6 million in identified ceiling values. The primary task order, valued at $209.36 million and awarded June 20, 2023, authorizes ISN to provide post-acceleration default management, property preservation, and REO services for the Rural Housing Service's single-family direct loan portfolio through February 26, 2033, with performance in Westlake, Maryland. Additional task orders support NDMS implementation services ($250,000) and official travel requirements ($5,600), issued by the National Financial and Accounting Operations Center. These delivery orders enable the Rural Housing Service to effectively manage default proceedings, preserve collateral properties, and dispose of real estate assets acquired through foreclosure, thereby protecting the agency's substantial investment in its single-family direct loan program.
Task orders
| Task order | Ordering agency | Obligated | Awarded |
|---|---|---|---|
| Task order for official travel to ST. Louis office in-person meeting in july 2024. | Rural Housing Service | $5,600 | |
| Ndms sample task order for non-personal services to provide nationwide post acceleration default, property preservation… | Rural Housing Service | $240,968,995 | |
| Ndms implementation | Rural Housing Service | $250,000 |
Transactions
| Action | Obligated | Date |
|---|---|---|
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Original award | $0 |
Quick answers
Who was awarded contract 12SAD223D0004?
12SAD223D0004 was awarded to Information Systems & Networks Corporation by Rural Housing Service (Department of Agriculture) on February 27, 2023.
How much is contract 12SAD223D0004 worth?
Orders under 12SAD223D0004 have obligated $241,224,592. Their combined current value, with exercised options, is $256,731,840. 12SAD223D0004's own ceiling is $1,000,000,000. A single order can be worth up to $300,000,000.
How many orders have been placed under contract 12SAD223D0004?
3 orders have been placed under 12SAD223D0004, the latest on July 29, 2024.
Who can order from contract 12SAD223D0004?
12SAD223D0004 is a multiple award indefinite delivery contract. Only the awarding agency can place orders on it.
Is contract 12SAD223D0004 part of a contract vehicle?
Yes. 12SAD223D0004 is part of Nationwide Default Management Services (NDMS).
Was contract 12SAD223D0004 competed?
The extent of competition for 12SAD223D0004 was full and open competition. The government received 7 offers.
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