The U.S. Department of Housing and Urban Development (HUD) awarded a single-award Indefinite Delivery Contract (IDC) to 24 Asset Management Corp, a minority-owned small business, for comprehensive field service management (FSM) services to support HUD's portfolio of single-family real estate owned (REO) properties. The IDC, valued up to $58,570,804, covers a range of geographic areas across the eastern United States and Caribbean, including Areas 1D, 3A/4A, 3S/5S, 4D/5D, 5A/8A, and 5P.
Under this IDC, HUD issued multiple firm fixed-price delivery orders to 24 Asset Management Corp, with individual task order values ranging from $9.6 million to $10.1 million. The delivery orders provide for property inspections, security measures, cosmetic repairs, utility management, and disposition tracking services to maintain and dispose of HUD's foreclosed single-family homes. These contracted services align with HUD's objectives of preserving communities, maintaining property values, and maximizing returns to the Federal Housing Administration's insurance funds.
Generated 11/27/24, 9:04 AM