National servicing center loan servicing for other functions
Ended Indefinite Delivery Contract Awarded Last action
- Contract number
- DU208WR17C06
- Awardee
-
Novad Management Consulting LLC UEI DDZBCZ4K2DN3
- Awarding agency
-
Real Estate Assessment Center
Department of Housing and Urban Development
- Task orders
- 0
Award facts
- Opportunity
-
- DU208WR17R0006 Solicitation number
- Last date to order 100% complete
- IDV ceiling
- $20,027,305.00
- Award type
- Single award
- Who can order
- Only the awarding agency
- Funding agency
- Housing Office of Single Family Housing Department of Housing and Urban Development
- NAICS code
- 522390 Other Activities Related to Credit Intermediation
- Set-aside
- No set-aside
- Competition
- Full and Open Competition after exclusion of sources · 1 offer Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
About this IDV
This indefinite delivery contract was awarded by the U.S. Department of Housing and Urban Development's (HUD) Office of Single Family Housing to Novad Management Consulting LLC, a minority-owned, for-profit limited liability company certified as a Disadvantaged Business Enterprise (DBE). The contract, valued at a ceiling of $20,027,305.00, is for loan servicing support for HUD's National Servicing Center, including specialized experience in Home Equity Conversion Mortgage (HECM), FHA-insured, and Secretary-Held mortgages.
The contract has a period of performance from September 28, 2017 through October 17, 2018. Novad Management Consulting LLC was the incumbent contractor providing these loan servicing support functions to HUD prior to this award. The contract does not have any set-aside designation and was a single award. The scope of the contracted services aims to provide NATIONAL SERVICING CENTER LOAN SERVICING FOR OTHER FUNCTIONS to the funding agency.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $7,129,355 | |
| Change Order | $0 | |
| Exercise an Option | $4,329,355 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $4,554,355 | |
| Change Order | $0 | |
| Other Administrative Action | $0 | |
| Original award | $4,014,240 |
Quick answers
Who was awarded contract DU208WR17C06?
DU208WR17C06 was awarded to Novad Management Consulting LLC by Real Estate Assessment Center (Department of Housing and Urban Development) on September 28, 2017.
How much is contract DU208WR17C06 worth?
DU208WR17C06's own ceiling is $20,027,305.
Which agency awarded contract DU208WR17C06?
Real Estate Assessment Center (Department of Housing and Urban Development) awarded DU208WR17C06, with funding from Housing Office of Single Family Housing (Department of Housing and Urban Development).
Who can order from contract DU208WR17C06?
DU208WR17C06 is a single award indefinite delivery contract. Only the awarding agency can place orders on it.
Was contract DU208WR17C06 competed?
The extent of competition for DU208WR17C06 was full and open competition after exclusion of sources. The government received 1 offer.
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