The U.S. Department of Housing and Urban Development (HUD) has awarded a single-award Indefinite Delivery Contract (IDC) to 24 Asset Management Corp, a minority-owned small business, for field service management services of HUD's single-family real estate owned (REO) properties. The IDC has a ceiling value of up to $68,001,505 and a period of performance through November 1, 2025.
Under this IDC, HUD has issued a $8,736,007 Delivery Order to 24 Asset Management Corp for field service management services in Area 5A/8A, which covers the southeastern United States and Caribbean region. The Delivery Order has a period of performance through December 19, 2024. The contracted services include property inspections, security, repairs, utility management, and disposition tracking for HUD's inventory of foreclosed single-family homes. These services support 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 acquired properties.
Generated 12/13/24, 9:08 AM