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  5. ›IFB #2514 - REPLACEMENT OF ELEVATORS AT DIAMOND SQUARE…

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

IFB #2514 - REPLACEMENT OF ELEVATORS AT DIAMOND SQUARE APARTMENTS

Won by Action Elevator Company$557kAwarded 3/25/2026Single Award
Contract source

Awarded vendors

  • Action Elevator Company

Description

This contract calls for the complete replacement of two hydraulic elevators at the 124‑unit Diamond Square Apartments in Gaithersburg, MD. The work includes demolition of existing equipment, installation of new hydraulic elevator systems, associated electrical, fire‑alarm, HVAC, and cosmetic upgrades, and all requisite permitting. The contract is a single‑award, firm‑fixed‑price agreement for a 180‑day performance period, awarded to Action Elevator Company after a competitive IFB process. The project must satisfy HOC’s mandatory background‑screening, bonding, insurance, and HOC Works economic‑opportunity requirements. • Scope: full elevator replacement (machine‑room, hoist‑way, cabs, controls, hydraulic system, electrical and fire‑alarm upgrades). • Award: Action Elevator Company (lowest responsive bid of $556,657). • Requirements: 100 % performance bond, comprehensive insurance, background checks, and a minimum 5 % HOC Works economic‑opportunity contribution (or equivalent hiring/training).

Attached files

Key dates

Bids closed
4/24/2025
Intent to award
3/25/2026
Awarded
3/25/2026
Contract modified
4/18/2025
Duration
180 days

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Construction
NAICS
238210
Solicitation №
IFB #2514

Contract value

$556,657

The bid tabulation lists two submitted bids: $575,975 (Potomac Elevator Company) and $556,657 (Action Elevator Company). Since the contract was awarded to the lower bidder, the contract value is very likely close to $556,657. No additional fees, change‑orders, or retainage are disclosed, so the base contract amount serves as a reasonable estimate. Therefore the contract’s estimated value is approximately $557 K.

AI estimate from the award documents

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