The key elements of this federal contract IDV award are as follows: The U.S. Department of Housing and Urban Development (HUD) awarded a single-award Indefinite Delivery Contract (IDC) to 24 Asset Management Corp, a minority-owned small business, for field service management (FSM) services related to HUD's inventory of single-family real estate owned (REO) properties. The IDC, with a ceiling value of $37,218,578, covers a wide range of services including property inspections, security, repairs, utility management, and disposition tracking across multiple geographic areas, including Areas 1D, 3A/4A, 3S/5S, 4D/5D, 5A/8A, and 5P. This contract supports HUD's objectives of preserving communities, maintaining property values, and maximizing returns to the Federal Housing Administration's insurance funds by efficiently managing and disposing of foreclosed homes. Under this IDC, HUD has issued a $4,892,944 delivery order to 24 Asset Management Corp for field service management services specific to Area 1D, which includes properties in Miami, Florida. This delivery order is a firm fixed-price contract with a period of performance through February 2025. 24 Asset Management Corp has been awarded multiple IDCs by HUD, each covering specific geographic areas and with potential values ranging from $33 million to $70 million, providing a framework for HUD to issue task orders for the field service management of its REO properties.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| P00001 | Exercise an Option | $0 | 10/31/24 | |
| Not listed | Not listed | $0 | 11/2/23 |
Name | Description | Awardee | Potential Value (Click to sort descending) | Award Date (Click to sort descending) | Completion Date (Click to sort descending) | Updated At (Click to sort descending) |
|---|---|---|---|---|---|---|
Delivery Order 86614524D00003-86614525F00011 | 24 Asset Management Corp | $3.8m | 2/16/25 | 11/1/25 | 1/30/25 | |
Delivery Order 86614524D00003-86614524F00042 | 24 Asset Management Corp | $4.9m | 2/16/24 | 2/15/25 | 2/16/24 |
Name | Description | Solicitation Number | Federal Agency | Type | Posted Date (Click to sort descending) |
|---|---|---|---|---|---|
3. 12 FIELD SERVICE MANAGEMENT | 312FSM | Department of Housing and Urban Development | Award Notice 20/31 | 11/3/23, 4:47 PM | |
3. 12 FIELD SERVICE MANAGEMENT | 86616022D00001 | Department of Housing and Urban Development | Award Notice 5/31 | 6/3/22, 1:54 PM | |
3. 12 FIELD SERVICE MANAGEMENT | 86614524D00002 | Department of Housing and Urban Development | Award Notice 19/31 | 11/3/23, 4:36 PM | |
3. 12 FIELD SERVICE MANAGEMENT | 86614524D00010 | Department of Housing and Urban Development | Award Notice 25/31 | 11/3/23, 5:30 PM | |
3. 12 FIELD SERVICE MANAGEMENT | 86616022D00002 | Department of Housing and Urban Development | Award Notice 13/31 | 6/3/22, 3:32 PM |