Field service management services area 1D
Active Indefinite Delivery Contract Awarded Last action
- Contract number
- 86614524D00003
- Awardee
-
24 Asset Management Corp UEI URM8YYHQMLG3
- Awarding agency
-
Atlanta Operations Branch
Department of Housing and Urban Development
- Task orders
- 3 $13,996,796 obligated
Award facts
- Opportunity
-
- 3. 12 field service management services Pre-Solicitation · 86544B19R00002 · Posted Mar 26, 2019
- Combined order value
- $13,996,796 Current and potential, with all options
- Last date to order 99% complete
- IDV ceiling 38% used
- $37,218,578.00
- Award type
- Single award
- Who can order
- Only the awarding agency
- Funding agency
- Assistant Secretary for Housing Federal Housing Commissioner Department of Housing and Urban Development
- NAICS code
- 531311 Residential Property Managers
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 11 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Legislative mandates
-
- Walsh-Healey Public Contracts Act FAR subpart 22.6
- Service Contract Act FAR subpart 22.10
- Employment Eligibility Verification (E-Verify) FAR subpart 22.18
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
About this IDV
HUD's Assistant Secretary for Housing/Federal Housing Commissioner awarded an indefinite-delivery contract to 24 Asset Management Corp for field service management services in Area 1D on November 2, 2023, with a ceiling value of $37,218,578 and an ultimate completion date of November 1, 2026. This is a single-award IDIQ with no set-aside designation.
24 Asset Management Corp is a minority-owned, Hispanic American-owned small business based in Miami, Florida. The contract covers comprehensive property management services for HUD's real estate owned (REO) properties resulting from foreclosures, including property inspections, security services, cosmetic and structural repairs, utility management and payments, ongoing maintenance, and disposition tracking across the designated geographic area. Place of performance is Olympia Heights, Florida.
The IDIQ structure provides a base period of twelve months with four optional twelve-month renewal periods, utilizing firm fixed-price delivery order mechanisms. The originating solicitation, posted on March 26, 2019 as a pre-solicitation notice, carried a partial small business set-aside.
HUD has issued multiple delivery orders under this IDIQ. Recent orders include a $5,351,606 delivery order issued December 18, 2025 with completion scheduled for February 15, 2027; a $3,752,246 delivery order issued February 16, 2025 with completion scheduled for February 15, 2026; and a $4,892,944 delivery order issued February 16, 2024 with completion scheduled for February 15, 2025. All delivery orders are firm fixed-price with no small business set-aside and reflect HUD's continued reliance on 24 Asset Management Corp for managing its foreclosed property portfolio.
Task orders
| Task order | Ordering agency | Obligated | Awarded |
|---|---|---|---|
| Area 1D field service management services | Atlanta Operations Branch | $5,351,606 | |
| Field service management (FSM) services area 1D | Atlanta Operations Branch | $3,752,246 | |
| 86614524F00042 | Atlanta Operations Branch | $4,892,944 |
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Exercise an Option | $0 | |
| Exercise an Option | $0 | |
| Original award | $0 |
Quick answers
Who was awarded contract 86614524D00003?
86614524D00003 was awarded to 24 Asset Management Corp by Atlanta Operations Branch (Department of Housing and Urban Development) on November 2, 2023.
How much is contract 86614524D00003 worth?
Orders under 86614524D00003 have obligated $13,996,796. 86614524D00003's own ceiling is $37,218,578.
How many orders have been placed under contract 86614524D00003?
3 orders have been placed under 86614524D00003, the latest on February 16, 2026.
Which agency awarded contract 86614524D00003?
Atlanta Operations Branch (Department of Housing and Urban Development) awarded 86614524D00003, with funding from Assistant Secretary for Housing Federal Housing Commissioner (Department of Housing and Urban Development).
Who can order from contract 86614524D00003?
86614524D00003 is a single award indefinite delivery contract. Only the awarding agency can place orders on it.
Was contract 86614524D00003 competed?
The extent of competition for 86614524D00003 was full and open competition. The government received 11 offers.
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