86544A18D00004 - 3.75 ASSET MANAGEMENT (AM) SERVICES, BASIC AWARD, ...
Federal Contract Award Search » IDC Award
This IDC contract for Real Estate Services was awarded in FY2018 on Sep 27, 2018 to A TEAM REALTY INC. by Housing and Urban Development. There have been $1.1M in obligations to date with a ceiling value of $150.9M, showing a 1% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 16 offers received. We expect a 2 year duration with ultimate completion date of Nov 29, 2020.
A TEAM REALTY INC. is a contractor located in CA, doing primarily Real Estate Services work for Housing and Urban Development. The company receives $2.8M annually in federal awards (as of FY2020). Also, they have shown success winning IDC contracts concentrated mainly on a singular customer focused portfolio.
The Federal Government competes and awards an Indefinite Delivery Contract (IDC) to support requirements where the quantity and time of delivery are unknown. Typically referred to as Indefinite Delivery-Indefinite Quantity (IDIQ) contracts, the Government has the option of awarding a single or multiple award IDIQ. Once awarded, an IDIQ acts as a master agreement between the Federal Government and one or more contractors. On an as-needed basis, Federal buying organizations place orders, commonly referred to as Task Orders against an IDIQ, to purchase goods or services available through the IDIQ.
- Contract Number
- 86544A18D00004
- Contractor
- A-TEAM REALTY INC
- Obligations to Date
- $1.1M
- Ceiling Value
- $150.9M
- Award Date
- 09/27/2018
- Contract Type
- IDC
- Competition Set Aside Type
- Small Business Set-Aside -- Total
- Buying Agency/Office
- Housing and Urban Development
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Task Order History
| Task Order No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| 86544B18F00001 | A-TEAM REALTY INC | $138.9k | 09/28/2018 |
| 86614519F00013 | A-TEAM REALTY INC | $284.2k | 05/28/2019 |
| 86616020F00023 | A-TEAM REALTY INC | $284.2k | 11/20/2019 |
| 86614520F00024 | A-TEAM REALTY INC | $392.6k | 05/20/2020 |
