HUD's $35.8M Field Service Manager Contract Awarded to Sigma Services, Inc
Contract Overview
Contract Amount: $35,863,714 ($35.9M)
Contractor: Sigma Services, Inc.
Awarding Agency: Department of Housing and Urban Development
Start Date: 2010-06-01
End Date: 2017-12-31
Contract Duration: 2,770 days
Daily Burn Rate: $12.9K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 12
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: FIELD SERVICE MANAGER (FSM) M&M III-CONTRACT AREA 1P-5
Place of Performance
Location: VENTURA, VENTURA County, CALIFORNIA, 93003
Plain-Language Summary
Department of Housing and Urban Development obligated $35.9 million to SIGMA SERVICES, INC. for work described as: FIELD SERVICE MANAGER (FSM) M&M III-CONTRACT AREA 1P-5 Key points: 1. The contract, valued at $35.8 million, was awarded to Sigma Services, Inc. for residential property management services. 2. Awarded under full and open competition, the contract aimed to secure competitive pricing for essential property management. 3. The duration of the contract was 2770 days, spanning from June 2010 to December 2017. 4. The contract was a definitive contract type, indicating a specific scope of work and duration. 5. The North American Industry Classification System (NAICS) code 531311 identifies the sector as Residential Property Managers.
Value Assessment
Rating: fair
The contract's value of $35.8 million over approximately 7.5 years suggests a significant investment in property management services. Benchmarking against similar contracts would be necessary to assess if this pricing was competitive.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, which typically allows for the widest possible range of bidders and promotes price discovery. This method is generally expected to yield competitive pricing.
Taxpayer Impact: The use of full and open competition aims to ensure taxpayer funds are used efficiently by fostering a competitive bidding environment.
Public Impact
Ensures maintenance and management of HUD-owned residential properties. Supports the stability and upkeep of housing stock. Impacts residents through the quality of property services provided.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics in provided data.
- Potential for cost overruns if not closely managed.
- Contract duration may exceed optimal service delivery periods.
Positive Signals
- Awarded via full and open competition.
- Firm Fixed Price contract type can control costs.
- Multiple bids likely received, indicating market interest.
Sector Analysis
The sector is Residential Property Managers, falling under real estate services. Spending in this area is crucial for maintaining government-owned housing assets and ensuring their operational integrity.
Small Business Impact
The data indicates that small business participation was not a stated factor (ss: false, sb: false). Further analysis would be needed to determine if small businesses had an opportunity to compete or subcontract.
Oversight & Accountability
The contract was awarded by the Department of Housing and Urban Development (HUD) to itself for oversight, suggesting internal management. Oversight effectiveness would depend on HUD's internal controls and monitoring capabilities.
Related Government Programs
- Residential Property Managers
- Department of Housing and Urban Development Contracting
- Department of Housing and Urban Development Programs
Risk Flags
- Contract duration is lengthy.
- No explicit mention of performance metrics.
- Small business participation not indicated.
- Potential for scope creep without strict oversight.
Tags
residential-property-managers, department-of-housing-and-urban-developm, ca, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Housing and Urban Development awarded $35.9 million to SIGMA SERVICES, INC.. FIELD SERVICE MANAGER (FSM) M&M III-CONTRACT AREA 1P-5
Who is the contractor on this award?
The obligated recipient is SIGMA SERVICES, 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 $35.9 million.
What is the period of performance?
Start: 2010-06-01. End: 2017-12-31.
What was the average annual cost per property managed under this contract?
Without specific data on the number of properties managed, calculating the average annual cost per property is not possible. The total contract value of $35.8 million over approximately 7.5 years for residential property management services needs to be contextualized with the scale and scope of properties involved to assess value.
Were there any performance issues or contract modifications that significantly impacted cost or delivery?
The provided data does not detail performance issues or contract modifications. A comprehensive review of contract performance reports and modification history would be necessary to identify any such impacts on cost or delivery timelines.
How did the final contract price compare to initial estimates or benchmarked industry rates?
The data does not include initial estimates or specific benchmarked industry rates for comparison. While awarded under full and open competition, a post-award analysis comparing the final price to independent market data would be required to fully assess its cost-effectiveness.
Industry Classification
NAICS: Real Estate and Rental and Leasing › Activities Related to Real Estate › Residential Property Managers
Product/Service Code: MAINT, REPAIR, ALTER REAL PROPERTY › MAINT, ALTER, REPAIR BUILDINGS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Offers Received: 12
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 2300 KNOLL DR STE E, VENTURA, CA, 93003
Business Categories: Category Business, Corporate Entity Not Tax Exempt, DoT Certified Disadvantaged Business Enterprise, Hispanic American Owned Business, Minority Owned Business, Not Designated a Small Business, Self-Certified Small Disadvantaged Business, Small Business, Small Disadvantaged Business, Special Designations, U.S.-Owned Business, Woman Owned Business
Financial Breakdown
Contract Ceiling: $35,863,714
Exercised Options: $35,863,714
Current Obligation: $35,863,714
Contract Characteristics
Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED
Timeline
Start Date: 2010-06-01
Current End Date: 2017-12-31
Potential End Date: 2017-12-31 00:00:00
Last Modified: 2019-09-26
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