Amendment_000007_Summary_of_Changes.pdf

M&M 3.76 Asset Management Services

Amendment 00007

Summary of Changes

Section B: Supplies or Services and Price/Costs

1) Pages 1: Section B.3: Changed in its entirety to:

“The resulting contract will have a base performance period of seven and a half (7.5) months, plus one (1) one-year option period. The length of the contract, including the option periods, shall not exceed nineteen and a half (19.5) months (exclusive of the extension under FAR Clause 52.217-8) from either the effective date or date of contract award, whichever is later.

The Government is assuming a seven and a half (7.5) month base period for this award, with an anticipated effective date of October 17th, 2018. The Start-up phase will be completed by November 30th, 2018. The Government reserves the right to adjust quantities based on the actual award or effective date.”

2) Page 6: CLIN 3A11 Estimated Quantity changed to 75.

Section C: Performance Work Statement (PWS):

3) Page 51: Section 1.3.30.4 Homeowners Association Fees, Dues, Ground Rents and Non- Tax Assessments: Changed the last two paragraphs to:

“For example, the property is conveyed to HUD on September 1, 2018. FSM via P260 indicates the property is in ready to show condition and the property is assigned to the AM on September 25, 2018(day 25). Settlement date on property is November 18, 2018.

The AM will only not be reimbursed for non-routine expenses (i.e. attorney fees, penalties, interest, etc.) allocable from October 5, 2017 (day 35) to November 18, 2018;

if applicable.

For example, the property is conveyed to HUD on December 1, 2018. FSM via P260 indicates the property is in ready to show condition and the property is assigned to the AM on December 15, 2018 (day 15). Settlement date on property is January 14, 2019.

The AM will only not be reimbursed for non-routine charges (i.e. attorney fees, penalties, interest, etc.) allocable from December 31, 2018 (day 31) to January 14, 2019; if applicable.”

4) Page 57: Section 1.6 Period of Performance: Changed in its entirety to:

“The period of performance shall be a base of seven and a half (7.5) months, plus one (1), 12-month option period. “

5) Page 58: Section 1.13 Transition In: Changed the last sentence to read:

“The Start-Up period allows the Contractor to establish its operations and case assignment will not begin until the AM Contractors have access to HUD systems which will occur on the 46th day from the award date of the contract.”

6) Page 59: Section 1.13.1 Start Up Day 1 Through Day 45: Revised the first sentence to read:

“The Start-up phase will run from the effective date of the contract through the 45th calendar day unless otherwise extended by the Contracting Officer.”

7) Page 63-64: Section 1.13.2.1.1.3 Unsold Inventory: Changed in its entirety to:

“1.13.2.1.1.3 Unsold Inventory

Assignment shall be made of Unsold Inventory on the forty-sixth (46th) calendar day after the effective date of the contract. The Contractor shall be assigned via P260 for all unsold inventory in its awarded geographic area. The Contractor shall also receive by overnight delivery all case files for unsold inventory from the Former Contractor. Once assignment has been made in P260, the AM Contractor shall begin performance of all marketing and sales services related to unsold inventory. The Contractor shall not wait for a case file from the Former Contractor to begin to perform their marketing duties as outlined in the PWS.

Unsold Inventory - P260 will assign all properties in the inventory that are not under contract for sale (Steps 1-7 of HUDs Disposition Process). The Former Contractor shall retain only those properties that are under sales contract (Pending Contracts) until November 30th, 2018. All properties that are under sales contract shall be transferred to the new 3.76 AM contractor on December 1st, 2018. A case file will be provided for each property containing all applicable available documents including the Former Contractors inspections and copies of work orders, if any. The files will arrive via overnight delivery. Each box will include a file inventory pulled from SAMS, listing the FHA Case Number, property address and date the property was assigned to the Former Contractor.”

8) Page 64: Section 1.13.2.3 Transfer of Pending Contracts: Changed in its entirety to:

“The Former Contractor shall retain only those properties that are under sales contract (Pending Contracts) until November 30th, 2018. All properties that are under sales contract shall be transferred to the new 3.76 AM contractor on December 1st, 2018. HUD reserves the right to begin assignment of these pending contracts to the AM Contractor beginning on the 30th day following award of the contract. Any pending contract that remains with the former contractor and has not closed by the 45th day after the effective date of the new AM contract shall be assigned to the AM Contractor via P260 on the 46th day. A case file will be provided for each sale-pending property containing all available documents including sales contracts, title information, closing instructions and Form HUD-1 Settlement Statements, as applicable. The files will arrive via overnight delivery. Each box will include a file inventory, listing the FHA Case Number, property address, purchaser name, sales price, closing date and Title Company.”

Section F: Deliveries or Performance:

9) Page 95: Section F.3 Period of Performance: Changed to:

“F.3 PERIOD OF PERFORMANCE

In accordance with the clause at 52.217-9, "Option to Extend the Term of the Contract," the contract may be extended for the following periods:

Option No: Period:

Base Period: Effective date of award through May 31, 2019 Option Period 1: June 1, 2019 through May 31, 2020 Option to Extend Services under FAR Clause 52.217-8, 1-6 Months”

Revise the Questions and Answers in their entirety.