Indefinite Delivery Contract 86543E18D00002
Ended Awarded Last action
- Contract number
- 86543E18D00002
- Awardee
-
Venable LLP UEI EC44BLNJVM99
- Awarding agency
-
Government National Mortgage Association
Department of Housing and Urban Development
- Task orders
- 13 $2,465,714 obligated
Award facts
- Opportunity
-
- DU100G17R0009 Solicitation number
- HUD Ginnie Mae Mortgage Backed Securities (MBS) Legal Support Services Award Notice · Posted Apr 7, 2017
- Combined order value
- $4,789,164 Current and potential, with all options
- Last date to order 100% complete
- IDV ceiling 69% used
- $3,591,557.00
- Award type
- Single award
- Who can order
- Only the awarding agency
- NAICS code
- 541110 Offices of Lawyers
- PSC
- R418 Support- Professional: Legal
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 2 offers Negotiated Proposal / Quote
- Pricing
- Labor Hours
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
About this IDV
This Indefinite Delivery Contract was awarded by the Government National Mortgage Association (GNMA), a civilian agency within the Department of Housing and Urban Development, to Venable LLP on December 1, 2017, with an ultimate completion date of November 30, 2022. The contract is valued at $3,591,557 and was awarded as a single award with no small business set-aside designation. Venable LLP, a Washington, D.C.-based law firm, serves as the prime contractor with no identified subcontractors. The contract establishes an indefinite delivery vehicle for providing comprehensive legal support services to GNMA's Mortgage-Backed Securities (MBS) Program, which manages over $2 trillion in mortgage assets. Services include regulatory review and drafting, tax law research, intellectual property matters including trademark applications, program development, and drafting and review of Acknowledgement Agreements. The work encompasses critical legal assistance related to complex transitions such as the London Interbank Offered Rate (LIBOR) migration, issuer liquidity matters, and legislative and regulatory support impacting the MBS Program. Performance locations include East Case, Maryland and Washington, D.C.
The contract supported GNMA's legal requirements through multiple delivery orders spanning from January 2018 through November 2022, with pricing structured on both labor-hour and firm fixed-price bases depending on the specific task order. Notable delivery orders included a foundational labor-hours task order valued at $2,487,437 awarded January 12, 2018, followed by specialized task orders addressing Acknowledgement Agreements ($253,983), LIBOR transition support ($181,405.50 and $132,610), Financing Entity Pilot initiatives ($56,028 and $55,200), and legislative and regulatory assistance ($63,821). Additional task orders in 2021 and 2022 provided continued legal support with values ranging from $47,353 to $426,012.50, ensuring GNMA maintained robust legal counsel throughout the contract period. All task orders were awarded without set-aside designations, reflecting the specialized and sole-source nature of the legal services required to support GNMA's complex mortgage-backed securities administration.
Task orders
Show all 13
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Original award | $0 |
Quick answers
Who was awarded contract 86543E18D00002?
86543E18D00002 was awarded to Venable LLP by Government National Mortgage Association (Department of Housing and Urban Development) on December 1, 2017.
How much is contract 86543E18D00002 worth?
Orders under 86543E18D00002 have obligated $2,465,714. Their combined current value, with exercised options, is $4,789,164. 86543E18D00002's own ceiling is $3,591,557.
How many orders have been placed under contract 86543E18D00002?
13 orders have been placed under 86543E18D00002, the latest on November 8, 2022.
Who can order from contract 86543E18D00002?
86543E18D00002 is a single award indefinite delivery contract. Only the awarding agency can place orders on it.
Was contract 86543E18D00002 competed?
The extent of competition for 86543E18D00002 was full and open competition. The government received 2 offers.
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