Search Prime Contracts

86615324C00012

Definitive Contract

Overview

Government Description
HOME EQUITY CONVERSION MORTGAGE (HECM)
Awardee
Reverse Market Insight
Awarding / Funding Agency
HUD Office of the Chief Procurement Officer (CPO) [HUD]
NAICS
541512 - Computer Systems Design Services
PSC
DA01 - IT And Telecom - Business Application/Application Development Support Services (Labor)
Place of Performance
Dana Point, CA 92629 United States
Pricing
Fixed Price
Set Aside
None
Extent Competed
Not Competed
Est. Average FTE
83
Related Opportunity
86615324Q00025
Analysis Notes
Sole Source This Definitive Contract was awarded sole source to Reverse Market Insight because the government believes that only one company can provide the product / service (FAR 6.302-1).
Reverse Market Insight was awarded Definitive Contract 86615324C00012 (866153-24-C-00012) for Home Equity Conversion Mortgage (HECM) worth up to $27,259,683 by the HUD Office of the Chief Procurement Officer in September 2024. The contract has a duration of 2 years and was awarded full & open with NAICS 541512 and PSC DA01 via sole source acquisition procedures with 1 bid received. As of today, the Definitive Contract has a total reported backlog of $7,130,782 and funded backlog of $6,435,692.

Status
(Open)

Last Modified 12/18/25
Period of Performance
9/30/24
Start Date
9/29/26
Current End Date
9/29/26
Potential End Date
65.0% Complete

Obligations and Backlog
$20.1M
Total Obligated
$26.6M
Current Award
$27.3M
Potential Award
74% Funded
$6.4M
Funded Backlog
$7.1M
Total Backlog

Award Hierarchy

Definitive Contract

86615324C00012

Subcontracts

0

Activity Timeline

Interactive chart of timeline of amendments to 86615324C00012

Transaction History

Modifications to 86615324C00012

People

Suggested agency contacts for 86615324C00012

Competition

Number of Bidders
1
Solicitation Procedures
Sole Source
Other Than Full and Open Competition
Only One Source - Other
Evaluated Preference
None
Commercial Item Acquisition
Commercial Item
Simplified Procedures for Commercial Items
No

Other Categorizations

Subcontracting Plan
Plan Not Required
Cost Accounting Standards
Exempt
Business Size Determination
Small Business
Awardee UEI
KQAMWFTRLSC5
Awardee CAGE
5VFK9
Agency Detail
Awarding Office
866153 CPO : IT PROGRAM SUPPORT DIVISION; NOI
Funding Office
866329
Created By
mxbrown2
Last Modified By
degist
Approved By
degist

Legislative

Legislative Mandates
None Applicable
Performance District
CA-49
Senators
Dianne Feinstein
Alejandro Padilla
Representative
Mike Levin
Modified: 12/18/25