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Indefinite Delivery Contract DU204SA13D05
Award Date
9/30/13
Last Date to Order
5/31/18
Overview
AI Insights
Buyer Personas
Industry Personas
Buyer Personas In this Market
Activity
10
Contract IDVs
Contract Awards
6
Transactions
10
Price Lists
Opportunity Stack
1
Funding Federal Agency
Housing Office of Single Family Housing
Contracting Federal Agency
Atlanta Operations Branch
Awardee
Chronos Solutions, LLC
Ultimate Awardee
Not listed
NAICS Category
541611 - Administrative Management and General Management Consulting Services
PSC Category
R402 - Support- Professional: Real Estate Brokerage
Set-Aside Type
Total Small Business
Federal Contract Vehicle
HUD 3.5 Asset Management Services
Pricing Type
Firm Fixed Price
Legislative Mandate
Not listed
National Interest Action
None
Award Type
Single
Primary Consortia Member
Not listed
HUD 3.5 Asset Management Services (HUD AM)
Master IDIQ
DU204SA13D05
Indefinite Delivery Contract
6
Federal Contract Awards
Description
Update #1
3.5 ASSET MANAGEMENT (AM) SERVICES AREA 4D.
Posted 9/30/13, 12:00 AM
Mod #
Description
Reason For Modification
Federal Obligation
(Click to sort descending)
Date
(Click to sort ascending)
9
ASSET MANAGEMENT SERVICES FOR AREA 4D TO INCLUDE IOWA, NEBRASKA, SOUTH DAKOTA AND WISCONSIN
Other Administrative Action
$0
12/21/17
8
ASSET MANAGEMENT SERVICES FOR AREA 4D TO INCLUDE IOWA, NEBRASKA, SOUTH DAKOTA AND WISCONSIN
Exercise an Option
$0
4/28/17
7
ASSET MANAGEMENT SERVICES FOR AREA 4D TO INCLUDE IOWA, NEBRASKA, SOUTH DAKOTA AND WISCONSIN
Change Order
$0
7/17/16
6
ASSET MANAGEMENT SERVICES FOR AREA 4D TO INCLUDE IOWA, NEBRASKA, SOUTH DAKOTA AND WISCONSIN
Vendor DUNS or Name Change - Non-Novation
$0
5/27/16
M005
ASSET MANAGEMENT SERVICES FOR AREA 4D TO INCLUDE IOWA, NEBRASKA, SOUTH DAKOTA AND WISCONSIN
Exercise an Option
$0
5/13/15
Name
Description
Awardee
Potential Value
(Click to sort descending)
Award Date
(Click to sort descending)
Completion Date
(Click to sort descending)
Updated At
(Click to sort descending)
Delivery Order DU204SA13D05-002
TASK ORDER TO FUND OPTION YEAR ONE (1) OF THE CONTRACT
Chronos Solutions, LLC
$3.3m
6/1/14
5/31/15
3/9/21
Delivery Order DU204SA13D05-0004
EXERCISE OPTION YEAR AND TASK ORDER ($$) TO FUND OY3/4 UNDER DU204SA-13-D-05 FOR ASSET MANAGEMENT IN SUPPORT OF DHOC REO.
Chronos Solutions, LLC
$2.3m
6/1/16
5/31/17
7/11/23
Delivery Order DU204SA13D05-001
3.5 ASSET MANAGEMENT AREA 4D BASE PERIOD
Chronos Solutions, LLC
$461.4k
9/30/13
5/31/14
3/9/21
Delivery Order DU204SA13D05-0005
This is a delivery order contract awarded by the Department of Housing and Urban Development (HUD) to Chronos Solutions, LLC, doing business as Mmrem, for asset manager services in Support Area 4D. The contract is a firm fixed price delivery order with a potential value of $1,404,063.33 and a completion date of May 31, 2018. The contract is not designated as a set-aside. Chronos Solutions, a technology-enabled services provider in the mortgage industry, has been repeatedly awarded similar asset management services contracts from HUD to support the agency's affordable housing and community development programs across various geographic regions. This delivery order falls under HUD's larger Asset Management Services contract vehicle, which allows for continued issuance of task orders as needs emerge through 2021.
Chronos Solutions, LLC
$1.4m
6/1/17
5/31/18
7/11/23
Delivery Order DU204SA13D05-86544A18F00006
The Department of Housing and Urban Development's (HUD) Office of Single Family Housing awarded a $837,882.58 firm fixed price delivery order to Chronos Solutions, LLC (doing business as Mmrem) for asset manager services in Area 4D. This order falls under HUD's larger Asset Management Services (HUD AM) indefinite delivery contract, which provides ongoing asset management support for HUD housing programs across various geographic regions. Chronos Solutions, a for-profit limited liability company, has previously received multiple HUD delivery orders valued over $7 million to perform asset management, property management, and related services for HUD-associated multifamily housing and real estate assets. This delivery order did not utilize a set-aside designation.
Chronos Solutions, LLC
$837.9k
5/31/18
5/31/19
2/8/21
Name
Description
Solicitation Number
Federal Agency
Type
Posted Date
(Click to sort descending)
Asset Management Services - Management & Marketing (M&M 3. 5)
Added: Jun 27, 2011 10:28 am The United States Department of Housing and Urban Development (HUD) intends to solicit offers in response to Request for Proposal (RFP) number R-ATL-02006 to contract for all necessary marketing services in support of the Asset Management (AM) requirements for the Home Ownership Centers (HOCs) located in the following three (3) geographical areas: a) Area 1S (Arizona, Idaho and Nevada); b) Area 2S (Alaska, California, Hawaii, Oregon and Washington State) and c) Area 3D (Iowa, Minnesota, Montana, North Dakota, Nebraska, South Dakota, Wyoming and Wisconsin). These services will support the marketing and resale of HUD's Real Estate Owned (REO) single family property inventory within these geographical areas (1S, 2S and 3D). The requirement will require interaction with existing and future HUD contractors, homebuyers, investors, the real estate industry (including local listing brokers), nonprofit housing and advocacy organizations, Federal, State and local governments and HUD staff. The Federal Housing Administration (FHA), an organizational unit within HUD, administers the single-family mortgage insurance program. FHA insures approved lenders against the risk of loss on loans they finance for the purchase, and in some instances rehabilitation, of single-family homes. In the event of a default on an FHA insured loan, the lender acquires title to the property by foreclosure, a deed-in-lieu of foreclosure, or other acquisition method, files a claim for insurance benefits and conveys the property to HUD. As a result of acquisitions through the mortgage insurance program and other programs, HUD has a need to manage and sell a sizable inventory of foreclosed single-family homes in a manner that promotes home ownership, preserves communities, and maximizes return to the FHA insurance funds. HUD is the largest single seller of real estate in the US. HUD has identify five primary objectives for its Asset Managers Services which consist of the following: 1). Properties are accurately and competitively valued; 2) Sales achieve the highest net return; 3) Holding time is minimized; 4) Sales create homeownership opportunities and preserve neighborhoods; 5) Closing proceeds are properly accounted for and delivered to HUD in a timely manner. This solicitation will be set aside 100% to Small Business, and will be evaluated in accordance with FAR Part 15 procedures. The North American Industrial Classification System (NAICS) code for this acquisition is 531210 - Office of Real Estate Agent and Brokers with an identified Business Size Standard of $2.0 million. HUD anticipates issuing up to 2 totals set aside contract awards per geographic area, for a total of 6 estimated Small Business awards. The resultant contract(s) will be Hybrid, Fixed-Price (Fixed Unite Rate) and Cost Reimbursement Multiple Award Indefinite Delivery Indefinite Quantity (IDIQ) type contract(s) with a twelve month base period, plus four one-year option periods. The solicitation is expected to be released in late July 2011 or early August 2011. Proposals will be due on or about early September 2011, and awards are anticipated in November 2011. Because the resulting awards will be made during Fiscal Year 2012, the solicitation will be issued subject to the availability of funds for the next Fiscal Year, FAR 52.231-19. In order to be eligible for award, firms must be registered in the Central Contractor Registration (CCR) database under the corresponding NAICS code as a qualifying Small Business. Businesses may obtain information on registration by calling 1-888-227-2423, or via the Internet at website www.ccr.gov. Upon issuance, the solicitation document may be obtained via the Federal Business Opportunity website https://www.fbo.gov/index. HUD will be hosting a pre-solicitation Industry Day in order to reconstitute efforts to execute replacement contracts for the identified areas. The Industry Day will take place on Monday, July 18, 2011, at the Denver HOC Office, 1670 Broadway, Denver CO 80202-4801. Alternate site locations will be made available via video teleconference from the Atlanta, Philadelphia and Santa Ana HOC offices. The scheduled time for the conference will be from 11am - 1pm Mountain Time. Electronic registration for the event will open on or before July 1, 2011. This announcement will be amended to include a registration link not later than Friday, July 1, 2011. Registration is required, and attendees are encouraged to register early, as available seating will be limited. Vendors will be limited to a maximum of 2 participants per registered business name. The agenda will include an overview of the support requirements, discussion of the draft acquisition approach, and SBA briefing to maximize small business participation, followed by a Q&A session, and a separate networking session for interested vendors. Please make arrangements and join us on Monday, July 18, 2011. It will give all of us a chance to meet and greet each other as well as find out valuable information on this highly visible, challenging project. Please address any questions related to this announcement via email to: sourcessought@hud.gov. For general information, please contact Kristin Tucker at (678) 732-2641 or via email at kristin.l.tucker@hud.gov.
R-ATL-02006
Department of Housing and Urban Development CPO Atlanta Operations Branch
Award Notice 1/1
6/27/11, 10:28 AM