HUD Awards $18.6M for EAD Portal Services to Countertrade Products, Inc
Contract Overview
Contract Amount: $18,606,109 ($18.6M)
Contractor: Countertrade Products, Inc.
Awarding Agency: Department of Housing and Urban Development
Start Date: 2023-09-29
End Date: 2026-09-28
Contract Duration: 1,095 days
Daily Burn Rate: $17.0K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: ELECTRONIC APPRAISAL DELIVERY (EAD) PORTAL SERVICES
Place of Performance
Location: ARVADA, JEFFERSON County, COLORADO, 80003
State: Colorado Government Spending
Plain-Language Summary
Department of Housing and Urban Development obligated $18.6 million to COUNTERTRADE PRODUCTS, INC. for work described as: ELECTRONIC APPRAISAL DELIVERY (EAD) PORTAL SERVICES Key points: 1. Contract value of $18.6 million over 3 years. 2. Competition method was full and open. 3. No small business participation noted. 4. Sector is IT services, specifically computer related.
Value Assessment
Rating: fair
The contract is for IT services with a firm-fixed-price structure. Benchmarking against similar IT service contracts is difficult without more specific service details, but the value appears moderate for a 3-year duration.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, suggesting a competitive bidding process. This method generally promotes price discovery and potentially better pricing for the government.
Taxpayer Impact: The $18.6 million awarded represents taxpayer funds allocated for essential government IT services.
Public Impact
Ensures continued operation of the EAD portal. Supports housing and urban development initiatives. Potential for improved efficiency in appraisal delivery.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of small business participation.
- Limited detail on specific service deliverables.
Positive Signals
- Full and open competition.
- Firm fixed price contract.
Sector Analysis
This contract falls within the IT services sector, specifically 'Other Computer Related Services'. Spending in this area is substantial across government, with benchmarks varying widely based on service complexity and duration.
Small Business Impact
The contract explicitly states no small business participation. This indicates that small businesses were either not involved in the bidding process or were not selected for this award.
Oversight & Accountability
The Department of Housing and Urban Development is the contracting agency. Standard oversight mechanisms for federal contracts would apply, including performance monitoring and financial accountability.
Related Government Programs
- Other Computer Related Services
- Department of Housing and Urban Development Contracting
- Department of Housing and Urban Development Programs
Risk Flags
- No small business participation.
- Potential for vendor lock-in if services are highly specialized.
- Reliance on a single vendor for critical portal services.
Tags
other-computer-related-services, department-of-housing-and-urban-developm, co, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Housing and Urban Development awarded $18.6 million to COUNTERTRADE PRODUCTS, INC.. ELECTRONIC APPRAISAL DELIVERY (EAD) PORTAL SERVICES
Who is the contractor on this award?
The obligated recipient is COUNTERTRADE PRODUCTS, INC..
Which agency awarded this contract?
Awarding agency: Department of Housing and Urban Development (Department of Housing and Urban Development).
What is the total obligated amount?
The obligated amount is $18.6 million.
What is the period of performance?
Start: 2023-09-29. End: 2026-09-28.
What specific functionalities does the EAD portal provide, and how do they align with HUD's mission?
The EAD portal likely facilitates the electronic submission, review, and management of property appraisals for HUD programs. Its alignment with HUD's mission would be through streamlining processes, ensuring data accuracy, and supporting the efficient administration of housing and mortgage insurance programs.
Are there any performance metrics or KPIs defined in the contract to ensure service quality?
While not explicitly detailed in the provided data, firm-fixed-price contracts often include performance standards or key performance indicators (KPIs) to ensure the contractor meets service level agreements. The absence of this information in the summary suggests it might be in the full contract document.
What is the historical performance of Countertrade Products, Inc. with the federal government?
Information on Countertrade Products, Inc.'s historical performance with the federal government is not provided. A thorough review would require accessing past performance evaluations and contract histories to assess reliability and quality of service.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Other Computer Related Services
Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › IT AND TELECOM - APLLICATIONS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Solicitation ID: 86615623R00004
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 7585 W 66TH AVE, ARVADA, CO, 80003
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Small Business, Special Designations, U.S.-Owned Business, Woman Owned Business, Women Owned Small Business
Financial Breakdown
Contract Ceiling: $37,846,695
Exercised Options: $23,586,069
Current Obligation: $18,606,109
Actual Outlays: $16,738,624
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Timeline
Start Date: 2023-09-29
Current End Date: 2026-09-28
Potential End Date: 2028-09-28 00:00:00
Last Modified: 2025-12-22
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