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  5. ›RFP #2404 - PROPERTY MANAGEMENT SERVICES FOR MAGRUDERS…

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2404 - PROPERTY MANAGEMENT SERVICES FOR MAGRUDERS DISCOVERY DEVELOPMENT CORP

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

Awarded vendors

  • Edgewood Management Corporation, Inc

Description

This contract awards Edgewood Management Corporation, Inc. the responsibility to provide full‑service property management for the Magruder’s Discovery Development Corp. house. The work includes day‑to‑day operations, maintenance oversight, tenant relations, budgeting, and reporting for the residential facility. The agency overseeing the contract utilizes internal procurement contacts (Ali Ozair and the Purchasing office) to manage the award. • Scope covers all aspects of property management, from routine maintenance to financial administration. • Single‑vendor award to Edgewood Management Corporation, Inc, a private management firm. • Award date listed as January 1 2024; no other timeline, pricing, or renewal details are disclosed.

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

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Custodial and Facilities Services
NAICS
531311
Solicitation №
RFP #2404

Contract value

$500,000

The document does not disclose a dollar amount. Property‑management contracts for a single residential house typically range from $200,000 to $800,000 annually, depending on size, complexity, and service level. Assuming a mid‑range annual fee of $500,000 for full‑service management (including maintenance, staffing, and administrative overhead) and a contract term of one year (the most common duration for such agreements), a reasonable ball‑park estimate is roughly $500,000. This estimate accounts for the fact that the award date is early 2024 and no renewal or multi‑year language is provided.

AI estimate from the award documents

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