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  5. ›RFP #2417 - PROPERTY MANAGEMENT SERVICES FOR WAVERLY HOUSE…

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2417 - PROPERTY MANAGEMENT SERVICES FOR WAVERLY HOUSE APARTMENTS AND AVONDALE

Won by Edgewood Management Corporation, Inc$900kAwarded 1/1/2024Single Award
Contract source

Awarded vendors

  • Edgewood Management Corporation, Inc

Description

This contract awards Edgewood Management Corporation, Inc the responsibility for comprehensive property management services for the Waverly House Apartments and the Avondale property. The scope includes day‑to‑day operations, tenant relations, maintenance coordination, financial reporting, and overall oversight to ensure the properties are well‑maintained and compliant with local regulations. • Single‑award, firm‑fixed‑price (presumed) arrangement for ongoing property management. • Managed properties likely consist of multiple residential units, requiring routine maintenance, tenant services, and fiscal oversight. • Contract administered by Howard County procurement staff, with direct contact through provided agency emails.

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 #2417

Contract value

$900,000

No contract value is disclosed. Typical property‑management contracts for multi‑unit residential complexes range from $10,000 to $30,000 per month, depending on the number of units and service level. Assuming the combined portfolio comprises roughly 150 units and a mid‑range monthly fee of $25,000, the annual spend would be about $300,000. Over a standard three‑year term, the total contract value would approximate $900,000. This estimate accounts for management fees, maintenance coordination, and administrative overhead, but excludes any capital‑improvement costs which are usually billed separately.

AI estimate from the award documents

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