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  5. ›RFP #2411 - PROPERTY MANAGEMENT SERVICES FOR BRADLEY…

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2411 - PROPERTY MANAGEMENT SERVICES FOR BRADLEY CROSSING LLC

Won by Residential One, LLC$250kAwarded 1/1/2024Single Award
Contract source

Awarded vendors

  • Residential One, LLC

Description

The contract awards Residential One, LLC the responsibility for providing full‑service property management for Bradley Crossing LLC. The scope includes day‑to‑day operations, tenant relations, maintenance coordination, financial reporting, and compliance with applicable regulations. This single‑award, firm‑fixed‑price contract was officially awarded on January 1 2024. • Property management services for a private LLC (Bradley Crossing) • Vendor: Residential One, LLC (single‑award) • No public bidding deadline or competition information disclosed • Contract administrator and procurement contacts are listed via hocmc.org e‑mail addresses

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Intent to award
1/1/2024
Awarded
1/1/2024
Starts
1/1/2024

Last updated

Details

Award type
Single Award
Industry
Custodial and Facilities Services
NAICS
531311
Solicitation №
RFP #2411

Contract value

$250,000

No contract value is disclosed. A typical property‑management agreement for a single‑family or small‑multifamily portfolio averages between $150 000 and $300 000 annually, depending on the number of units and service level. Assuming Bradley Crossing LLC comprises a modest portfolio, a reasonable ball‑park estimate is roughly $250 000 for the contract period. This estimate reflects industry benchmarks for comparable residential property‑management contracts and the fact that the award is a single‑vendor, firm‑fixed‑price arrangement.

AI estimate from the award documents

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