Intent to Award a Sole Source Contract
Closed Special Notice Posted
- Solicitation number
- 86614922R00007
- Responses due
- Set-aside
- No set-aside
Opportunity facts
- NAICS code
- 522390 Other Activities Related to Credit Intermediation
- Place of performance
- Oklahoma City, Oklahoma, United States
Notice details come from SAM.gov. Updated .
About this opportunity
This Special Notice from the Department of Housing and Urban Development indicates their intent to award a sole source contract. HUD intends to negotiate a fixed price contract for a three month base period and one three month option period with Novad Management Consulting, LLC for servicing over 100,000 Home Equity Conversion Mortgage loans requiring specialized experience in HECM, FHA insured, and Secretary-Held first, second, and subordinate notes and mortgages.
The purpose of this Notice is to provide interested parties an opportunity to respond in writing by April 12, 2022 if they believe this requirement could be met through competitive procurement. If no responses are received by that date, the solicitation will be issued solely to Novad Management Consulting. To be considered, responses must identify the party's capabilities and be submitted via email to the address provided. This proposed sole source award is justified based on Novad Management Consulting being the only responsible source able to satisfy HUD's requirement due to their experience in servicing the specified HECM loan portfolio and related mortgage types. The North American Industry Classification code and size standard are also provided.
Notice text
LEASE READ THIS NOTICE CAREFULLY AS IT CONSTITUTES THE ONLY NOTICE THAT WILL BE PUBLISHED.
The Department of Housing and Urban Development (HUD)intends to negotiate a sole source fixed priced contract for one three (3) month base and one three (3) month option periods with the following company.
Novad Management Consulting, LLC
2401 NW 23rd St. Ste 1A1
Oklahoma City, OK 73107
HUD has prepared a sole source justification on the basis of other than full and open competition for this effort. HUD intends to negotiate with only one source under the authority of 6.301-1 Only One Responsible Source and No Other Supplies or Services Will Satisfy Agency Requirements. HUD has a requirement for servicing a portfolio of over 100,000 Home Equity Conversion Mortgage (HECM) loans with specialized experience in HECM, FHA insured and Secretary-Held first, second, subordinate notes and mortgages.
The North American Classification System Code (NAICS) for this requirement 522390 Other Activities Related to Credit Intermediation with a NAICS size stand of $20.5 Million. This notice will be distributed solely through the beta.sam.gov website. Interested parties are responsible for monitoring the sam.gov website to ensure they have the most up to date information regarding this acquisition. This notice satisfies the requirement of FAR 5.102(a)(1) and 5.103(a)(1). This Notice of Intent to Sole Source is not a request for quotes. Information received in response to this notice will be considered solely for the purpose of determining whether a competitive procurement is in the best interest of the Government. If no written responses by the date listed below, which reflect 3 business days from the posting of this notice, the solicitation will be issued to Novad Management Consulting, LLC.
Interested parties may identify their interests and capabilities to the attention of Christopher Stuart, email address Christopher.S.Stuart@hud.gov. Emailed responses will only be considered and must identify their capabilities in writing no later than 4:00 PM Easter Time, April 12, 2022.
Attachments
| File | Type | Posted |
|---|---|---|
| PWS - HECM.rtf | RTF text file |
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