VA119A17C0062
Definitive Contract
Overview
Government Description
THE DEPARTMENT OF VETERANS AFFAIRS LOAN GUARANTY SERVICE ADMINISTERS A HOME LOAN PROGRAM THAT PROMOTES HOME OWNERSHIP AMONG OUR NATIONS VETERANS AND ACTIVE DUTY PERSONNEL. THE PROGRAM PROVIDES FEDERAL HOME LOAN GUARANTEES ON RESIDENTIAL PROPERTY PURCHASED BY VETERANS AND SERVICE MEMBERS. AS A BYPRODUCT OF THE GUARANTEE PROGRAM, VA MAY BECOME THE HOLDER OF REAL ESTATE OWNED PROPERTIES AND PORTFOLIO LOANS. VA PROCURES A CONTRACTOR TO MANAGE THESE ASSETS.
Awardee
Awarding / Funding Agency
Place of Performance
Washington, DC 20006 United States
Pricing
Fixed Price Incentive
Set Aside
None
Extent Competed
Full And Open Competition
Est. Average FTE
266
Related Opportunity
Analysis Notes
Amendment Since initial award the Potential End Date has been shortened from 04/26/27 to 09/30/25 and the Potential Award value has increased 218% from $105,542,645 to $335,440,099.
Subcontracting Plan This Definitive Contract has a Commercial Subcontract Plan. The Department of Veterans Affairs has an overall small business subcontracting goal of 17%
Subcontracting Plan This Definitive Contract has a Commercial Subcontract Plan. The Department of Veterans Affairs has an overall small business subcontracting goal of 17%
Vendor Resource Management was awarded
Definitive Contract VA119A17C0062 (VA119A-17-C-0062)
worth up to $335,440,099
by Strategic Acquisition Center Frederick
in July 2017.
The contract
has a duration of 8 years 2 months and
was awarded
through solicitation New Requirement:Real Estate Owned and Portfolio Services Contract (RPSC)
full & open
with
NAICS 531311 and
PSC R402
via direct negotiation acquisition procedures with 4 bids received.
As of today, the Definitive Contract has a total reported backlog of $173,760,817 and funded backlog of $158,814,759.
Status
(Open)
Last Modified 2/10/25
Period of Performance
7/1/17
Start Date
9/30/25
Current End Date
9/30/25
Potential End Date
Obligations and Backlog
$161.7M
Total Obligated
$320.5M
Current Award
$335.4M
Potential Award
$158.8M
Funded Backlog
$173.8M
Total Backlog
Award Hierarchy
Definitive Contract
VA119A17C0062
Subcontracts
Activity Timeline
Opportunity Lifecycle
Procurement history for VA119A17C0062
Transaction History
Modifications to VA119A17C0062
People
Suggested agency contacts for VA119A17C0062
Competition
Number of Bidders
4
Solicitation Procedures
Negotiated Proposal/Quote
Evaluated Preference
None
Commercial Item Acquisition
Commercial Item
Simplified Procedures for Commercial Items
No
Other Categorizations
Subcontracting Plan
Commercial Subcontract Plan
Cost Accounting Standards
Exempt
Business Size Determination
Large Business
Awardee UEI
MW78S34A8LZ3
Awardee CAGE
5KW24
Agency Detail
Awarding Office
36C10X SAC FREDERICK (36C10X)
Funding Office
36C10X
Created By
won.chae@va.gov
Last Modified By
won.chae@va.gov
Approved By
won.chae@va.gov
Legislative
Legislative Mandates
None Applicable
Performance District
DC-98
Budget Funding
| Federal Account | Budget Subfunction | Object Class | Total | Percentage |
|---|---|---|---|---|
| General Operating Expenses, Veterans Benefits Administration, Veterans Affairs (036-0151) | Other veterans benefits and services | Advisory and assistance services (25.1) | $42,171,224 | 100% |
Modified: 2/10/25