The key products and services being delivered under this federal contract IDV award to 24 Asset Management Corp, a minority-owned small business, are field service management and maintenance of single-family real estate owned (REO) properties for the U.S. Department of Housing and Urban Development (HUD).
The indefinite delivery contract, with a ceiling value of $70,195,068, covers multiple geographic areas across the eastern United States and Caribbean, including Regions 1D, 3A/4A, 3S/5S, 4D/5D, 5A/8A, and 5P. Under this contract, 24 Asset Management Corp provides comprehensive services such as property inspections, security, cosmetic repairs, homeowners association fee payments, utility payments, ongoing maintenance, and disposition tracking for HUD's REO portfolio. The 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. This single-award IDC was issued in 2023 with a base period of 12 months and four 12-month option periods. The contract was competitively awarded following a small business set-aside solicitation released by HUD in 2019.
Generated 11/27/24, 9:06 AM