HUD's $74M Field Service Manager Contract Awarded to Cityside Management Corp
Contract Overview
Contract Amount: $73,993,939 ($74.0M)
Contractor: Cityside Management Corp
Awarding Agency: Department of Housing and Urban Development
Start Date: 2010-06-01
End Date: 2017-09-29
Contract Duration: 2,677 days
Daily Burn Rate: $27.6K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 19
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: FIELD SERVICE MANAGER (FSM) M&M III- CONTRACT AREA 2P-3
Place of Performance
Location: MERRIMACK, HILLSBOROUGH County, NEW HAMPSHIRE, 03054
Plain-Language Summary
Department of Housing and Urban Development obligated $74.0 million to CITYSIDE MANAGEMENT CORP for work described as: FIELD SERVICE MANAGER (FSM) M&M III- CONTRACT AREA 2P-3 Key points: 1. Contract value of $73.99M over its life. 2. Awarded under full and open competition. 3. Potential risk in long contract duration (2677 days). 4. Sector: Residential Property Management.
Value Assessment
Rating: fair
The contract value of $73.99M over approximately 7.3 years suggests a significant investment. Benchmarking against similar large-scale property management contracts would be necessary to fully assess value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, indicating a broad search for qualified bidders. This method generally promotes competitive pricing and ensures the government receives the best value.
Taxpayer Impact: The use of full and open competition is intended to maximize taxpayer value by fostering a competitive environment for contract awards.
Public Impact
Impacts residents in properties managed under the contract. Ensures maintenance and operational services for HUD-managed properties. Supports the government's housing mission through property upkeep.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Long contract duration may limit flexibility.
- Lack of small business participation noted.
Positive Signals
- Awarded through full and open competition.
- Firm Fixed Price contract type can control costs.
Sector Analysis
This contract falls within the residential property management sector, which is crucial for maintaining government-owned or managed housing. Spending benchmarks in this sector vary widely based on property type and location.
Small Business Impact
The data indicates that this contract was not awarded to small businesses (ss: false, sb: false). Further analysis would be needed to understand if opportunities were missed for small business participation.
Oversight & Accountability
The contract was awarded by the Department of Housing and Urban Development (HUD), suggesting internal oversight mechanisms are in place. The duration of the contract may warrant periodic reviews to ensure continued performance and value.
Related Government Programs
- Residential Property Managers
- Department of Housing and Urban Development Contracting
- Department of Housing and Urban Development Programs
Risk Flags
- Long contract duration.
- No small business participation.
- Potential for scope creep over time.
- Reliance on a single contractor for an extended period.
Tags
residential-property-managers, department-of-housing-and-urban-developm, nh, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Housing and Urban Development awarded $74.0 million to CITYSIDE MANAGEMENT CORP. FIELD SERVICE MANAGER (FSM) M&M III- CONTRACT AREA 2P-3
Who is the contractor on this award?
The obligated recipient is CITYSIDE MANAGEMENT CORP.
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 $74.0 million.
What is the period of performance?
Start: 2010-06-01. End: 2017-09-29.
What was the specific scope of services provided under this contract?
The contract was for Field Service Manager (FSM) services, likely encompassing a range of property management tasks. This could include maintenance, repairs, inspections, tenant relations, and ensuring properties meet safety and habitability standards for HUD-managed residential units.
Were there any performance issues or contract modifications during its term?
The provided data does not detail performance issues or modifications. A deeper dive into contract performance reports and modification history would be required to assess any challenges encountered during the contract's lifecycle and how they were addressed.
How did the final cost compare to initial projections or bids?
As a Firm Fixed Price contract, the award amount of $73.99M was likely established during the bidding process. Without access to the initial bid details and any subsequent modifications, a direct comparison of final cost to projections is not possible from this data alone.
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: 19
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 22 GREELEY ST STE 5, MERRIMACK, NH, 03054
Business Categories: Category Business, Not Designated a Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $73,993,939
Exercised Options: $73,993,939
Current Obligation: $73,993,939
Contract Characteristics
Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED
Timeline
Start Date: 2010-06-01
Current End Date: 2017-09-29
Potential End Date: 2017-09-29 00:00:00
Last Modified: 2017-09-30
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