HUD awards $5.7M for Multifamily Premium Review Services to Kingstonville, LLC
Contract Overview
Contract Amount: $5,741,947 ($5.7M)
Contractor: Kingstonville, LLC
Awarding Agency: Department of Housing and Urban Development
Start Date: 2022-12-15
End Date: 2026-12-14
Contract Duration: 1,460 days
Daily Burn Rate: $3.9K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 2
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: MULTIFAMILY (MF) PREMIUM REVIEW SERVICES
Place of Performance
Location: BETHESDA, MONTGOMERY County, MARYLAND, 20817
State: Maryland Government Spending
Plain-Language Summary
Department of Housing and Urban Development obligated $5.7 million to KINGSTONVILLE, LLC for work described as: MULTIFAMILY (MF) PREMIUM REVIEW SERVICES Key points: 1. Contract awarded for administrative management and general management consulting services. 2. The contract is a delivery order under a larger contract. 3. The total value is $5.74 million over approximately 4 years. 4. The contract is for services in Maryland.
Value Assessment
Rating: fair
The contract value of $5.74 million over four years appears reasonable for specialized consulting services. Benchmarking against similar contracts for multifamily property review services is needed for a definitive assessment.
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 leads to better price discovery and value for the government.
Taxpayer Impact: The use of full and open competition is positive for taxpayers, as it aims to secure the best possible pricing through market forces.
Public Impact
Ensures quality and compliance in multifamily housing projects. Supports the Department of Housing and Urban Development's mission. Impacts the availability and quality of affordable housing options.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics provided.
- Potential for scope creep in consulting services.
- Reliance on a single delivery order for a significant amount.
Positive Signals
- Awarded through full and open competition.
- Clear contract duration and end date.
- Firm fixed price contract type limits cost overruns.
Sector Analysis
This contract falls under administrative management and general management consulting services, a broad category. Benchmarks for similar HUD consulting contracts would provide better context for the awarded amount.
Small Business Impact
The data does not indicate if small businesses were involved in this contract, either as prime contractors or subcontractors. Further analysis is needed to assess small business participation.
Oversight & Accountability
The contract is a delivery order, implying it's part of a larger indefinite-delivery/indefinite-quantity (IDIQ) contract. Oversight would typically be managed at the IDIQ level and for this specific order.
Related Government Programs
- Administrative Management and General Management Consulting Services
- Department of Housing and Urban Development Contracting
- Department of Housing and Urban Development Programs
Risk Flags
- Potential for undefined scope.
- Reliance on contractor's internal quality control.
- Limited visibility into subcontractor performance.
- Contract duration may exceed initial needs.
Tags
administrative-management-and-general-ma, department-of-housing-and-urban-developm, md, delivery-order, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Housing and Urban Development awarded $5.7 million to KINGSTONVILLE, LLC. MULTIFAMILY (MF) PREMIUM REVIEW SERVICES
Who is the contractor on this award?
The obligated recipient is KINGSTONVILLE, LLC.
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 $5.7 million.
What is the period of performance?
Start: 2022-12-15. End: 2026-12-14.
What specific deliverables are expected under these premium review services, and how are they measured for effectiveness?
The provided data lacks specifics on deliverables. Effective premium review services typically involve detailed property assessments, risk evaluations, and compliance checks. Measuring effectiveness would require defined key performance indicators (KPIs) tied to the quality and timeliness of these reviews, ensuring they meet HUD's standards and contribute to program integrity.
What is the risk associated with Kingstonville, LLC's capacity to handle the scope of work over the four-year period?
The risk depends on Kingstonville, LLC's demonstrated past performance and resource allocation. As a delivery order under a potentially larger contract, their capacity should have been vetted. However, monitoring workload and ensuring adequate staffing throughout the contract term is crucial to mitigate risks of delays or reduced quality.
How does this contract contribute to HUD's overall mission of affordable housing and community development?
These services are critical for ensuring the financial health and operational integrity of multifamily housing properties insured or financed by HUD. By conducting premium reviews, the contract helps identify and mitigate risks, thereby protecting the government's investment and supporting the continued availability of quality housing for residents.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Administrative Management and General Management Consulting Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › MANAGEMENT SUPPORT SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: 86615722Q00006
Offers Received: 2
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 6701 DEMOCRACY BLVD, STE 300, BETHESDA, MD, 20817
Business Categories: 8(a) Program Participant, Black American Owned Business, Category Business, Corporate Entity Not Tax Exempt, DoT Certified Disadvantaged Business Enterprise, Economically Disadvantaged Women Owned Small Business, Limited Liability Corporation, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, U.S.-Owned Business, Woman Owned Business, Women Owned Small Business
Financial Breakdown
Contract Ceiling: $7,076,066
Exercised Options: $5,741,947
Current Obligation: $5,741,947
Actual Outlays: $3,237,453
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 47QRAA19D00B7
IDV Type: FSS
Timeline
Start Date: 2022-12-15
Current End Date: 2026-12-14
Potential End Date: 2027-12-14 00:00:00
Last Modified: 2025-12-12
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