HUD awards $25.7M for SF Asset Management Business Service Provider to Yardi Systems, Inc
Contract Overview
Contract Amount: $25,751,674 ($25.8M)
Contractor: Yardi Systems, Inc.
Awarding Agency: Department of Housing and Urban Development
Start Date: 2006-06-01
End Date: 2011-09-28
Contract Duration: 1,945 days
Daily Burn Rate: $13.2K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 11
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: SF ASSET MANAGEMENT PROCUREMENT OF BUSINESS SERVICE PROVIDER (BSP)
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20410, UNITED STATES OF AMERICA
Plain-Language Summary
Department of Housing and Urban Development obligated $25.8 million to YARDI SYSTEMS, INC. for work described as: SF ASSET MANAGEMENT PROCUREMENT OF BUSINESS SERVICE PROVIDER (BSP) Key points: 1. The contract value is $25.75 million. 2. Yardi Systems, Inc. is the sole awardee. 3. The contract duration is 1945 days. 4. The NAICS code is 518111 (Internet Service Providers).
Value Assessment
Rating: fair
The contract value of $25.75 million over approximately 5.3 years suggests a moderate annual spend. Benchmarking against similar IT service contracts would be necessary to determine if this pricing is competitive.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating a competitive bidding process. This method generally promotes price discovery and potentially better pricing for the government.
Taxpayer Impact: The $25.75 million expenditure represents taxpayer funds allocated for essential IT services to support housing and urban development initiatives.
Public Impact
Supports critical asset management functions for the Department of Housing and Urban Development. Ensures the continuity of essential IT services for housing programs. The award impacts the market for enterprise asset management software and services.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics provided.
- Potential for vendor lock-in if services are highly specialized.
Positive Signals
- Awarded under full and open competition.
- Long-term contract provides stability for service delivery.
Sector Analysis
The IT services sector, particularly enterprise asset management solutions, is competitive. Spending benchmarks vary widely based on the scope and complexity of the services required.
Small Business Impact
The data does not indicate if small businesses were involved as subcontractors or partners in this award. Further analysis would be needed to assess small business participation.
Oversight & Accountability
Oversight would typically involve regular performance reviews and financial audits by HUD to ensure Yardi Systems, Inc. meets contractual obligations and delivers value.
Related Government Programs
- Internet Service Providers
- Department of Housing and Urban Development Contracting
- Department of Housing and Urban Development Programs
Risk Flags
- Contract duration is lengthy, potentially leading to outdated technology if not managed.
- Sole awardee may limit future competitive opportunities.
- NAICS code 518111 (Internet Service Providers) seems misaligned with 'Business Service Provider' and 'Asset Management'.
- No mention of small business participation.
Tags
internet-service-providers, department-of-housing-and-urban-developm, dc, dca, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Housing and Urban Development awarded $25.8 million to YARDI SYSTEMS, INC.. SF ASSET MANAGEMENT PROCUREMENT OF BUSINESS SERVICE PROVIDER (BSP)
Who is the contractor on this award?
The obligated recipient is YARDI SYSTEMS, 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 $25.8 million.
What is the period of performance?
Start: 2006-06-01. End: 2011-09-28.
What specific asset management functionalities does this contract cover, and how do they align with HUD's strategic goals?
This contract likely covers a broad range of functionalities including property management, financial tracking, maintenance scheduling, and reporting for HUD's assets. The alignment with strategic goals would depend on HUD's specific objectives related to efficient resource management, property upkeep, and program delivery effectiveness.
What were the key evaluation criteria used during the full and open competition, and how did Yardi Systems, Inc. meet them?
Evaluation criteria typically include technical approach, past performance, management capability, and price. Yardi Systems, Inc. likely demonstrated superior capabilities in these areas, potentially offering a robust technical solution, proven track record with similar clients, strong management structure, and a competitive price point that met or exceeded HUD's requirements.
How does the $25.75 million contract value compare to industry benchmarks for similar enterprise asset management solutions?
Without specific details on the scope of services, it's difficult to provide a precise benchmark. However, for a contract spanning over five years and covering comprehensive asset management for a federal agency, $25.75 million appears to be within a reasonable range, assuming it includes software licensing, implementation, maintenance, and support.
Industry Classification
NAICS: Information › Internet Service Providers and Web Search Portals › Internet Service Providers
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Offers Received: 11
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 430 S FAIRVIEW AVENUE, GOLETA, CA, 93117
Business Categories: Category Business, Minority Owned Business, Not Designated a Small Business, Special Designations, Indian (Subcontinent) American Owned Business, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $25,751,674
Exercised Options: $25,751,674
Current Obligation: $25,751,674
Timeline
Start Date: 2006-06-01
Current End Date: 2011-09-28
Potential End Date: 2015-09-28 00:00:00
Last Modified: 2015-09-10
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