BREAKING NEWS: Sentinel Field Services is losing Region 4D and 5D under the US Department of Housing and Urban Development‘s (HUD) HUD M&M 3.6 issued in 2012 (4D – Iowa, Nebraska, South Dakota and Wisconsin 5D – Minnesota, Montana North Dakota, and Wyoming). Area 5S and 6S up for grabs as well? It would also appear that a Trade Off is now in play and thus the Best Value Approach is in play as opposed to Lowest Price Technically Acceptable (LPTA) in HUD M&M 3.8.
The United States Department of Housing and Urban Development (HUD) intends to solicit offers in response to Request for Proposal (RFP) number DU204SA-13-R-0004 to contract for all necessary Field Service Manager (FSM 3.8) services in support of HUD’s single-family Real Estate Owned (REO) property inventory. HUD intends to award separate single-award Indefinite Delivery/ Indefinite Quantity (IDIQ) FSM contracts to manage HUD Owned Single Family Properties within each of the following eight (8) geographic areas: 1P ( Michigan), 3P (New York, Vermont, New Hampshire, Maine, Rhode Island, New Jersey, Connecticut, Massachusetts ), 4P (Ohio), 5P (Pennsylvania, Delaware, Maryland, Virginia, District of Columbia, West Virginia ), 1D (Utah, Colorado, New Mexico, North Texas), 2D (Kansas, Oklahoma, Missouri, Arkansas, Louisiana, South Texas ), 4D (Wisconsin, Iowa, South Dakota, Nebraska) and 5D (Montana, Wyoming, North Dakota, Minnesota). This requirement will require interaction with existing and future HUD Contractors, homebuyers, investors, the real estate industry, nonprofit housing and advocacy organizations, Federal, state and local governments and HUD staff.
The Federal Housing Administration (FHA), an organizational unit within HUD, administers the single-family mortgage insurance program. FHA insures approved lenders against the risk of loss on loans they finance for the purchase, and in some instances rehabilitation, of single-family homes. In the event of a default on an FHA insured loan, the lender acquires title to the property by foreclosure, a deed-in-lieu of foreclosure, or other acquisition method, files a claim for insurance benefits and conveys the property to HUD. As a result of acquisitions through the mortgage insurance program and other programs, HUD has a need to manage and sell a sizable inventory of foreclosed single-family homes in a manner that promotes home ownership, preserves communities, and maximizes return to the FHA insurance funds. HUD is the largest single seller of real estate in the US.
HUD has identified five primary objectives for its FSMs which are to insure: 1) HUD Property Inspection Report (HPIR) and ongoing inspection of properties are performed and all documents are complete, accurate and submitted in a timely manner; 2) Insure the security of the properties and debris are removed timely; 3) Perform cosmetic enhancement/repairs within established timelines; 4) Investigate and make payment of Home Owners Association (Custodial Properties) and utility fees prior to scheduled closing dates; and 5) Perform on-going maintenance of real properties and track disposition activity from conveyance to sale.
HUD conducted significant market research in support of this requirement, including issuing a public Sources Sought notice in Fedbizopps, and hosting a separate Industry Day event. Based on the results of the market research, HUD has determined that the following opportunities will be set aside for small businesses under FAR Part 19 small business programs: Seven (7) total Small Business set-asides will be solicited for Areas: 1P, 3P, 4P, 5P 1D, 4D, 5D. Area 2D will be solicited on an unrestricted basis for full and open competition. Offers received in response to the solicitation will be evaluated in accordance with FAR Part 15.101-1, Tradeoff process. The North American Industrial Classification System (NAICS) code for this acquisition is 531311, Residential Property Managers with an identified Business Size Standard of $7 million. HUD anticipates issuing a total of eight (8) contracts, resulting in a single contract award for each of the eight solicited areas. The resultant contract (s) will be Hybrid, Indefinite Quantity/ Fixed-Price (Fixed Unit Rate) and Cost Reimbursement Award type contract, with a ten month base period, plus four twelve month option periods. The solicitation is expected to be released on or about April 28, 2014. Proposals will be due 30 calendar days from issuance of the solicitation. In order to be eligible for award, firms must be registered in the System for Award Management (SAM) database under the corresponding NAICS code solicited and must meet any business size restrictions imposed under the set-aside category. Businesses may obtain information on registration by calling 1-866-606-8220, or via the Internet at website www.fsd.gov. Upon issuance, the RFP, the solicitation document(s) may be obtained via Fedconnect from the link provided on the Federal Business Opportunity website https://www.fbo.gov/index.
It is HIGHLY RECOMMENDED that any Contractor owed money begin collections IMMEDIATELY! We all know how good ‘ol Bill Hicks is, don’t we! In the case of Sentinel Field Services, there is a Payment Bond in Play which can ONLY BE TAPPED provided Sentinel is still around. More to come this evening!