Asset management services area 5A/8A
Active Indefinite Delivery Contract Awarded Last action
- Contract number
- 86616024D00007
- Awardee
-
Raine & Company, LLC UEI WNCDANULC217
- Awarding agency
-
Atlanta Operations Branch
Department of Housing and Urban Development
- Task orders
- 3 $9,890,964 obligated
Award facts
- Opportunity
-
- 3. 9 Asset Manager Solicitation · 86544A19R00003 · Posted Oct 18, 2018
- Combined order value
- $9,890,964 Current and potential, with all options
- Last date to order 69% complete
- IDV ceiling 43% used
- $23,206,727.60
- Award type
- Single award
- Who can order
- Only the awarding agency
- Funding agency
- Assistant Secretary for Housing Federal Housing Commissioner Department of Housing and Urban Development
- NAICS code
- 531390 Other Activities Related to Real Estate
- Set-aside
- Total Small Business
- Competition
- Full and Open Competition after exclusion of sources · 13 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Legislative mandates
-
- Walsh-Healey Public Contracts Act FAR subpart 22.6
- Service Contract Act FAR subpart 22.10
- Employment Eligibility Verification (E-Verify) FAR subpart 22.18
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
About this IDV
The Assistant Secretary for Housing Federal Housing Commissioner awarded an Indefinite Delivery Contract to Raine & Company, LLC, a woman-owned, economically disadvantaged women small-owned business, on September 27, 2024, with a ceiling of $23.206 million for asset management services under a Total Small Business set-aside. This is a single-award contract with an ultimate completion date of September 26, 2027.
Place of performance is Atlanta, Georgia. The IDIQ procures comprehensive asset management services for HUD's multifamily housing portfolios in Asset Management Area 5A/8A, including financial reporting, regulatory compliance monitoring, property inspections, budgeting, and disposition assistance. The contract structure allows HUD to issue firm fixed-price delivery orders against the ceiling through the period of performance.
Two delivery orders have been issued under this IDIQ. A September 30, 2025 order carries a ceiling of $3.029 million with completion on September 29, 2026, and generated $540 thousand in invoiced labor across 3.0 FTEs in FY2025, self-performed by the prime. A prior September 30, 2024 delivery order held a ceiling of $3.463 million with completion on September 29, 2025.
Task orders
| Task order | Ordering agency | Obligated | Awarded |
|---|---|---|---|
| 86616026F00012 | Atlanta Operations Branch | $3,397,871 | |
| 86616025F00016 | Atlanta Operations Branch | $3,029,958 | |
| Asset management services | Atlanta Operations Branch | $3,463,135 |
Transactions
| Action | Obligated | Date |
|---|---|---|
| Exercise an Option | $0 | |
| Other Administrative Action | $0 | |
| Change Order | $0 | |
| Other Administrative Action | $0 | |
| Original award | $0 |
Quick answers
Who was awarded contract 86616024D00007?
86616024D00007 was awarded to Raine & Company, LLC by Atlanta Operations Branch (Department of Housing and Urban Development) on September 27, 2024.
How much is contract 86616024D00007 worth?
Orders under 86616024D00007 have obligated $9,890,964. 86616024D00007's own ceiling is $23,206,728.
How many orders have been placed under contract 86616024D00007?
3 orders have been placed under 86616024D00007, the latest on September 30, 2026.
Which agency awarded contract 86616024D00007?
Atlanta Operations Branch (Department of Housing and Urban Development) awarded 86616024D00007, with funding from Assistant Secretary for Housing Federal Housing Commissioner (Department of Housing and Urban Development).
Who can order from contract 86616024D00007?
86616024D00007 is a single award indefinite delivery contract. Only the awarding agency can place orders on it.
Was contract 86616024D00007 competed?
The extent of competition for 86616024D00007 was full and open competition after exclusion of sources. The government received 13 offers. It was set aside: Total Small Business.
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