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  5. ›RFP #2446 - PROPERTY MANAGEMENT SERVICES FOR RAD6…

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2446 - PROPERTY MANAGEMENT SERVICES FOR RAD6 PORTFOLIO & CAMP HILL SQUARE

Won by Edgewood Management Corporation, Inc$500kAwarded 7/1/2024Single Award
Contract source

Awarded vendors

  • Edgewood Management Corporation, Inc

Description

This contract awards the Housing Opportunities Commission of Montgomery County the right to receive comprehensive property management services for the RAD6 portfolio and Camp Hill Square. The awardee, Edgewood Management Corporation, Inc., will be responsible for day‑to‑day operations, maintenance oversight, tenant relations, financial reporting, and compliance with applicable housing regulations. The agreement was officially awarded on July 1 2024, and the solicitation did not disclose a submission deadline, start date, or contract term. • Scope includes full‑service property management for multiple residential properties within the RAD6 portfolio and the Camp Hill Square complex. • Contractor responsibilities cover rent collection, lease administration, maintenance coordination, budgeting, and regulatory compliance. • The contract is a single‑award, firm‑fixed‑price arrangement; no renewal or extension clauses are identified.

Attached files

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

Key dates

Intent to award
7/1/2024
Awarded
7/1/2024

Last updated

Details

Award type
Single Award
Industry
Real Estate
NAICS
531311
Solicitation №
RFP #2446

Contract value

$500,000

The contract does not disclose a monetary value. Based on typical municipal property‑management fees—often ranging from $0.50 to $1.00 per square foot per month for multi‑unit residential portfolios—a reasonable annual budget for a mid‑size portfolio (≈200,000 sq ft) would be roughly $120,000 – $240,000 per year. Assuming a multi‑year term (e.g., three years), the total contract value could be in the vicinity of $360,000 – $720,000. Considering possible ancillary services (financial reporting, compliance, and extra‑ordinary maintenance), a conservative ball‑park estimate of **$500,000** is presented.

AI estimate from the award documents

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