Indiana Foreclosure Services Contract Awarded to Nelson & Frankenberger for $874,500

Contract Overview

Contract Amount: $87,450 ($87.5K)

Contractor: Nelson & Frankenberger, LLC

Awarding Agency: Department of Agriculture

Start Date: 2019-08-22

End Date: 2027-05-01

Contract Duration: 2,809 days

Daily Burn Rate: $31/day

Competition Type: COMPETED UNDER SAP

Number of Offers Received: 4

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: PROCUREMENT OF FORECLOSURE SERVICES FOR THE STATE OF INDIANA

Place of Performance

Location: ALEXANDRIA, MADISON County, INDIANA, 46001

State: Indiana Government Spending

Plain-Language Summary

Department of Agriculture obligated $87,450 to NELSON & FRANKENBERGER, LLC for work described as: PROCUREMENT OF FORECLOSURE SERVICES FOR THE STATE OF INDIANA Key points: 1. Contract awarded for foreclosure services in Indiana. 2. Nelson & Frankenberger, LLC is the sole awardee. 3. The contract has a duration of 2809 days. 4. The procurement was competed under Simplified Acquisition Procedures (SAP).

Value Assessment

Rating: fair

The contract value of $874,500 over nearly 8 years suggests a moderate annual spend. Benchmarking against similar legal services contracts is difficult without more specific service details, but the firm fixed price structure provides cost certainty.

Cost Per Unit: N/A

Competition Analysis

Competition Level: limited

The contract was competed under SAP, indicating an expectation of a price below the simplified acquisition threshold. While competed, the limited scope and potential for fewer bidders under SAP may impact price discovery compared to full and open competition.

Taxpayer Impact: Taxpayer funds are being used for foreclosure services, with the cost determined through a competed SAP process. The efficiency of this process in securing competitive pricing is a key consideration.

Public Impact

Ensures essential foreclosure services are available for rural housing programs in Indiana. Supports the Department of Agriculture's mission in managing housing assets. Potential impact on homeowners facing foreclosure proceedings.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Limited competition under SAP
Long contract duration may not reflect current market rates
Lack of detailed service scope makes value assessment difficult

Positive Signals

Firm fixed price provides cost predictability
Competed procurement process

Sector Analysis

Legal services, specifically foreclosure, are crucial for government agencies managing property assets. The spending benchmark for such services can vary widely based on volume and complexity, but this contract appears to be for a specific state's needs.

Small Business Impact

The data indicates this contract was not set aside for small businesses and does not specify if small businesses were involved in the subcontracting. Further analysis would be needed to determine small business participation.

Oversight & Accountability

Oversight would involve monitoring the performance of Nelson & Frankenberger, LLC to ensure adherence to contract terms and service quality. The Department of Agriculture's Rural Housing Service is responsible for this oversight.

Related Government Programs

Offices of Lawyers
Department of Agriculture Contracting
Rural Housing Service Programs

Risk Flags

Potential for uncompetitive pricing due to long duration
Limited competition under SAP
Lack of detailed performance metrics
Potential for scope creep without clear definition

Frequently Asked Questions

What is this federal contract paying for?

Department of Agriculture awarded $87,450 to NELSON & FRANKENBERGER, LLC. PROCUREMENT OF FORECLOSURE SERVICES FOR THE STATE OF INDIANA

Who is the contractor on this award?

The obligated recipient is NELSON & FRANKENBERGER, LLC.

Which agency awarded this contract?

Awarding agency: Department of Agriculture (Rural Housing Service).

What is the total obligated amount?

The obligated amount is $87,450.

What is the period of performance?

Start: 2019-08-22. End: 2027-05-01.

What is the average cost per foreclosure case under this contract?

The provided data does not specify the number of foreclosure cases handled under this contract, making it impossible to calculate an average cost per case. To assess value effectively, the agency should track case volume and associated costs. This would allow for a more granular analysis of the firm fixed price and its efficiency.

What are the risks associated with a long-term, limited competition contract for foreclosure services?

A significant risk is that the firm fixed price may become uncompetitive over the contract's long duration (nearly 8 years), potentially leading to overpayment. Limited competition under SAP also reduces the likelihood of obtaining the best possible price. Furthermore, changes in foreclosure laws or market conditions could impact the relevance and cost-effectiveness of the services.

How does this contract contribute to the effectiveness of the Rural Housing Service's mission?

This contract is essential for the Rural Housing Service to effectively manage its portfolio of properties and assist homeowners in Indiana. By outsourcing foreclosure services, the agency can maintain operational efficiency and focus on its core mission of supporting rural housing. The contract's effectiveness hinges on the timely and compliant execution of foreclosure processes.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Legal Services › Offices of Lawyers

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES

Competition & Pricing

Extent Competed: COMPETED UNDER SAP

Solicitation Procedures: SIMPLIFIED ACQUISITION

Offers Received: 4

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 550 CONGRESSIONAL BLVD STE 210, CARMEL, IN, 46032

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $87,450

Exercised Options: $87,450

Current Obligation: $87,450

Actual Outlays: $5,491

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 1231ME18A0009

IDV Type: BPA

Timeline