The Department of Housing and Urban Development (HUD) awarded J G M Property Group, Inc., a certified women-owned small business, an Indefinite Delivery/Indefinite Quantity (IDIQ) contract for field service management services for HUD-owned single-family real estate properties in various geographic areas across the United States. The total ceiling value of the contract is $65,439,356.
Under this IDIQ, J G M Property Group is responsible for providing property inspections, maintenance, repairs, utility payments, and security services for HUD's portfolio of foreclosed single-family homes. The contract includes a 12-month base period with four 12-month option periods, and the task orders issued are structured as hybrid firm fixed price/cost reimbursable. The contracting opportunities were largely set aside for small businesses, with the exception of one area. J G M Property Group has also received additional task orders under this IDIQ to manage HUD-owned properties in specific geographic regions, such as a $11.3 million firm fixed price delivery order for field service management in the Utica, Michigan area.
Generated 11/27/24, 9:05 AM