12C0BA26C0001
Definitive Contract
Overview
Government Description
The purpose of this requirement is to provide lender-placed insurance on properties financed through rural development housing programs to mitigate risk to rd's portfolio of properties when the borrowers fail to provide adequate insurance themse
Awardee
Awarding Agency
Funding Agency
Place of Performance
Troy, MI 48098 United States
Pricing
Fixed Price
Set Aside
None
Extent Competed
Competed Under Simplified Acquisition Procedures
Est. Average FTE
1
Related Opportunity
Proctor Financial was awarded
Definitive Contract 12C0BA26C0001 (12C0BA-26-C-0001)
worth up to $1,290,000
by Rural Development
in March 2026.
The contract
has a duration of 5 years and
was awarded
through solicitation Lender-Placed Insurance Services
full & open
with
NAICS 524210 and
PSC G008
via simplified acquisition acquisition procedures with 4 bids received.
As of today, the Definitive Contract has a total reported backlog of $1,032,000.
Status
(Open)
Last Modified 3/4/26
Period of Performance
3/30/26
Start Date
3/29/27
Current End Date
3/29/31
Potential End Date
Obligations and Backlog
$258.0K
Total Obligated
$258.0K
Current Award
$1.3M
Potential Award
$0.0
Funded Backlog
$1.0M
Total Backlog
Award Hierarchy
Definitive Contract
12C0BA26C0001
Subcontracts
Activity Timeline
Opportunity Lifecycle
Procurement history for 12C0BA26C0001
People
Suggested agency contacts for 12C0BA26C0001
Competition
Number of Bidders
4
Solicitation Procedures
Simplified Acquisition
Evaluated Preference
None
Commercial Item Acquisition
Commercial Item
Simplified Procedures for Commercial Items
Yes
Other Categorizations
Subcontracting Plan
Plan Not Required
Cost Accounting Standards
Exempt
Business Size Determination
Large Business
Awardee UEI
GYV1AZ75LNM1
Awardee CAGE
3KKR8
Agency Detail
Awarding Office
12C0BA USDA/RD/CONTRACT OPERATIONS BRANCH
Funding Office
123RHS
Created By
sora.jung@usda.gov
Last Modified By
sora.jung@usda.gov
Approved By
sora.jung@usda.gov
Legislative
Legislative Mandates
None Applicable
Performance District
MI-11
Senators
Debbie Stabenow
Gary Peters
Gary Peters
Representative
Haley Stevens
Modified: 3/4/26