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Department of Housing and Urban Development Awarded a Contract to 2NDWAVE LLC for $3,444,856.00

Signed on

4/22/2024, 12:00 AM

2NDWAVE LLC Government Contract #86615324C00002

2NDWAVE LLC was awarded a contract with the United States Government for $3,444,856.00. 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 recipient of the federal contract is 2NDWAVE LLC, a U.S.-owned small business based in Washington, DC. The contract, awarded by the Department of Housing and Urban Development, is for providing operations and maintenance development modernization and enhancements for the Federal Assessment Subsystem (FASS) - Federal Housing Administration (FHA), with a total obligation amount of $2,025,456. Notable transactions include a significant transaction amount of $686,944 and steadily decreasing amounts in subsequent transactions, with the latest transaction amount at $0.

Contract Details

Contract ID86615324C00002
Contract TypeD
Total Obligation$2,025,456.00
Exercised Options$2,025,456.00
Base Amount + Options$3,444,856.00
Date Signed2024-04-22
Contract DescriptionTO PROVIDE OPERATIONS AND MAINTENANCE DEVELOPMENT MODERNIZATION AND ENHANCEMENTS FOR FASS-FHA.
Start Date2024-04-22
End Date2026-04-22

Agency Details

Awarding AgencyDepartment of Housing and Urban Development
Awarding Sub AgencyDepartment of Housing and Urban Development
Awarding OfficeCPO : IT PROGRAM SUPPORT DIVISION; NOI
Funding AgencyDepartment of Housing and Urban Development
Funding Sub AgencyDepartment of Housing and Urban Development
Funding OfficeCIO : OFFICE OF CHIEF INFOR OFF

Recipient Details

Recipient2NDWAVE LLC
Recipient Location1300 PENNSYLVANIA AVE NW, STE 700 WASHINGTON DISTRICT OF COLUMBIA, UNITED STATES
Business Categories8(a) Program Participant, Black American Owned Business, Category Business, Limited Liability Corporation, Minority Owned Business, Self-Certified Small Disadvantaged Business, Service Disabled Veteran Owned Business, Small Business, Special Designations, U.S.-Owned Business, Veteran Owned Business

Comments

Award Transactions

Transaction #P00004 | $686,944.00April 8, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $686,944.00 to 2NDWAVE LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003 | $672,480.00September 30, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $672,480.00 to 2NDWAVE LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00002 | $0.00September 29, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $0.00 to 2NDWAVE LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0 | $666,032.00April 22, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $666,032.00 to 2NDWAVE LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00005 | $368,835.77April 22, 2026

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $368,835.77 to 2NDWAVE LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00004 | $686,944.00April 8, 2025

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $686,944.00 to 2NDWAVE LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003 | $672,480.00September 30, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $672,480.00 to 2NDWAVE LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00002 | $0.00September 29, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $0.00 to 2NDWAVE LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0 | $666,032.00April 22, 2024

Department of Housing and Urban Development, a sub agency of Department of Housing and Urban Development, issued a payment of $666,032.00 to 2NDWAVE LLC. The payment included a Subsidy Cost of $0.00.