Indefinite Delivery Contract 86616022D00007

Award Date 6/1/22
Last Date to Order 5/31/23
Contracting Federal Agency
Atlanta Operations Branch
Ultimate Awardee
Not listed
Set-Aside Type
No Set-Aside Used
Federal Contract Vehicle
Pricing Type
Order Dependent (IDV only)
Legislative Mandate
Walsh Healy Act
National Interest Action
None
Award Type
Single
Primary Consortia Member
Not listed
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  • 86616022D00007
    Indefinite Delivery Contract
  • 1
    Federal Contract Awards

The Department of Housing and Urban Development awarded a single-award, indefinite delivery contract to 24 Asset Management Corp., doing business as FSR-24 Asset Management, to provide field service management services across multiple geographic areas. The contract established a potential value of $63.5 million over a base period of one year plus four one-year options, with an initial $9.3 million firm fixed-price delivery order issued for Area 5P services in Miami, Florida running from June 2022 through May 2023.

The contract and associated task orders aim to procure field service management of HUD's inventory of foreclosed single-family homes. Specifically, the contractor must perform property inspections, secure properties, complete cosmetic repairs, pay homeowners association and utility fees, and conduct ongoing property maintenance and disposition tracking. The original solicitation anticipated awarding contracts under ten partial small business set-asides to service HUD's real estate owned properties across 18 areas and support the Federal Housing Administration's single-family mortgage insurance program objectives.

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