B24241 Notice of Renewal Award.pdf
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- Solicitation number
- 22-551HDA-HMOWN-B-24241
- Issued by
- Cook County, Illinois
About this file
This document is a Notice of Award Form from the Illinois Housing Development Authority (IHDA) regarding the renewal of a contract for Single Family Loan Servicing. IHDA has selected Dovenmuehle Mortgage, Inc. for the renewal, which is the first of two available renewal options. The initial term of the contract is 3 years, with the renewal option also being 3 years. The award amount is $4,950,000. There was 1 responding bidder, and 1 bidder was awarded the contract.
The renewal contract term is from 11/1/21 to 10/31/24, and remains subject to the review and formal approval of IHDA's Board. The contract was procured through the Invitation for Bid Process, and was awarded to the lowest priced responsive and responsible bidder. There are no Business Enterprise Program (BEP) or Veterans Business Program (VBP) utilization requirements.
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Text version
Notice of Award Form
V.19.3 Page 1 of 2
Agency and Awarded Vendor Information
*Description: Renewal Notice - Single Family Loan Servicer (Renewal Option 1 of 2)
*Bid Number: B-24241 *Agency: Illinois Housing Development Authority
*Vendor Selected for Award: Dovenmuehle Mortgage, Inc.
*Line Item Description: Single Family Loan Servicing
*Award Amount: 4950000 *Length of Initial Term: 3 years *Length of available renewal options: 3 years
Farm Leases and Concessions
Value to the State: N/A
Estimated Financial Return to the State for the Life of the Contract (Includes Renewals)
Value to the Vendor: N/A
Estimated Gross Revenue to the Vendor for the Life of the Contract (Includes Renewals)
Business Enterprise Program/Veterans Business Program
% of BEP Per Utilization Plan: 0 % of VBP Per Utilization Plan: 0
Other: N/A
Unsuccessful Bidder(s)
*Number of Responding Bidders: 1 *Number of Unsuccessful Bidder(s) 0 *Number of Awarded Bidder(s): 1
Bidder(s)/Offeror(s) Not Selected:
N/A - Renewal Option
Agency Contact
Contact Name: Amanda Carone Telephone Number: 312.836.5214
Email Address: acarone@ihda.org Fax Number: n/a
Street Address: 111 E. Wacker Drive, Suite 1000 City: Chicago
State: Illinois Zip Code: 60601
V.19.3 Page 2 of 2
SPO Written Determination for Contract Award Decision
General - Applies to Split Awards, Award to Other than Lowest Responsible and Responsive Bidder. The Rationale described by the purchasing agency in the recommendation to award seems reasonable, and serves as the basis for the contract decision.
Invitation for Bid - The contract was procured through the Invitation for Bid Process, and the contract has been awarded to the lowest priced responsive and responsible bidder.
Request for Proposal - Based on factors set forth in the Request for Proposal, the contract has been awarded to the offeror whose proposal is most advantageous to the State.
Renewal - The contract is a renewal in accordance with the terms of the existing contract. The award decision is based on justification presented by the purchasing agency's justification.
Comments:
Other:
Explanation of other terms:
SPO Signature: Date:
V.19.3 Page of Agency and Awarded Vendor Information Farm Leases and Concessions Estimated Financial Return to the State for the Life of the Contract (Includes Renewals) Estimated Gross Revenue to the Vendor for the Life of the Contract (Includes Renewals) Business Enterprise Program/Veterans Business Program Unsuccessful Bidder(s) Bidder(s)/Offeror(s) Not Selected:
Agency Contact SPO Written Determination for Contract Award Decision 11.0.0.20130303.1.892433.887364
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| PageCount: |
| DESCRIPTION: Renewal Notice - Single Family Loan Servicer (Renewal Option 1 of 2) |
| BIDNUMBER: B-24241 |
| AGENCY: Illinois Housing Development Authority |
| VENDORSELECTED: Dovenmuehle Mortgage, Inc. |
| LINEITEMDESCRIPTION: Single Family Loan Servicing |
| AWARDAMOUNT: 4950000 |
| LENGTHINITIALTERM: 3 years |
| NMBROFRENEWALS: 3 years |
| VALUETOSTATE: N/A |
| VALUETOVENDOR: N/A |
| PERCENTBEPUPLAN: 0 |
| PERCENTVBPUPLAN: 0 |
| OTHER: N/A |
| NoRespBidders: 1 |
| NoUnsuccessfulBidders: 0 |
| NumberAward: 1 |
| BdOffInfo: N/A - Renewal Option |
| ContactName: Amanda Carone |
| PhoneNumber: 312.836.5214 |
| EmailAddress: acarone@ihda.org |
| FaxNumber: n/a |
| Streetaddress: 111 E. Wacker Drive, Suite 1000 |
| City: Chicago |
| State: Illinois |
| ZipCode: 60601 |
| CheckBox1: 0 |
| CheckBox2: 0 |
| CheckBox3: 0 |
| CheckBox5: 1 |
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| SignatureField1: |
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File details come from the government source that posted it. Updated .