This federal contract IDV award to Spectrum Solutions Acquisitions, LLC is for field service management services in support of the U.S. Department of Housing and Urban Development's (HUD) single-family Real Estate Owned (REO) property inventory. The contract, which is not designated as a set-aside, has a ceiling value of $87,923,347 and a period of performance through November 2025.
Spectrum Solutions Acquisitions provides a wide range of property management services under this IDV, including property inspections, security measures, cosmetic repairs, homeowners association fee payments, ongoing maintenance, and disposition tracking for HUD's portfolio of foreclosed single-family homes. This supports HUD's mission of promoting homeownership, preserving communities, and maximizing returns on its property inventory. The contractor holds four significant IDCs with HUD, collectively valued at over $272 million, which enable the agency to issue task orders for these field service management services as needed. The most recent $10,102,521 task order covers Area 2D (Kansas, Missouri, Arkansas, Oklahoma, Louisiana, and South Texas) through February 2025.
Generated 11/27/24, 9:06 AM