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Department of Housing and Urban Development Awarded a Contract to CREDITVEST INC for $55,000,000.00
Signed on
10/16/2023, 12:00 AM
CREDITVEST INC Government Contract #86615324A00004
CREDITVEST INC was awarded a contract with the United States Government for $55,000,000.00. The contract was awarded by the agency office CPO : IT PROGRAM SUPPORT DIVISION; NOI, which is a division with the Department of Housing and Urban Development within the Department of Housing and Urban Development.
Summary of Award
The US federal government awarded a contract to Creditvest Inc for the GGRP Multifamily Assessment project. The contract, with a total obligation of $55,000,000, falls under the category of Blanket Purchase Agreement (BPA). The contract was signed on October 16, 2023, and is set to run from October 16, 2023, to October 15, 2028.
The contract was awarded by the General Services Administration, specifically the Federal Acquisition Service, under the Department of Housing and Urban Development (HUD). The funding agency for this contract is also the Department of Housing and Urban Development. The contract falls under the NAICS code 541611, which pertains to Administrative Management and General Management Consulting Services.
Creditvest Inc, the recipient of the contract, is a U.S.-owned business located in Wexford, Pennsylvania. They specialize in financial management support services. The company is classified as a Small Business, a Woman-Owned Business, and a Women-Owned Small Business.
The contract was subject to full and open competition, with 7 offers received. It was not set aside for any specific type of business. The contract was awarded through a multiple award fair opportunity process. The type of contract pricing is Firm Fixed Price, and the contract is not consolidated.
The contract does not involve any major programs or specific preferences. It is a commercial item acquisition, utilizing commercial products/services. The contract does not involve a commercial item test program. Labor standards are applicable, and the contractor is a U.S.-owned business.
The contract does not involve any construction wage rates or materials/supplies. It is not funded by foreign entities. The contract does not have a subcontracting plan or involve multi-year contracts. The payment method for the contract is not specified.
Overall, the contract between the US federal government and Creditvest Inc for the GGRP Multifamily Assessment project is a significant agreement that will provide financial management support services over the next five years.