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  5. ›RFP #2455 - PROPERTY MANAGEMENT SERVICES FOR DALE DRIVE…

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2455 - PROPERTY MANAGEMENT SERVICES FOR DALE DRIVE, MANCHESTER MANOR, SOUTHBRIDGE, SLIGO and TANGLEWOOD

Won by Residential One Management$750kAwarded 7/1/2024Single Award
Contract source

Awarded vendors

  • Residential One Management

Description

This contract awards Residential One Management the responsibility for comprehensive property management services across multiple residential sites (Dale Drive, Manchester Manor, Southbridge, Sligo, and Tanglewood). The work includes routine maintenance, tenant relations, lease administration, financial reporting, and compliance with local housing regulations. • Single‑award, firm‑fixed‑price arrangement for the full suite of property‑management duties. • Services cover five distinct residential locations, likely requiring on‑site staff, vendor coordination, and regular reporting to the Housing Opportunities Commission. • No submission deadline or competitive bidding details are provided, suggesting the award may have been based on prior performance or a negotiated process.

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
Procurement
Full and Open Competition
Industry
Custodial and Facilities Services
NAICS
531311
Solicitation №
RFP #2455

Contract value

$750,000

The document does not disclose a contract value. Property‑management contracts for five residential sites typically range from $500,000 to $2,000,000 annually, depending on the size of the units, service intensity, and local labor rates. Assuming an average of 100 units across the sites with a management fee of roughly $5,000 per unit per year, the total would be about $500,000. Adding a modest contingency and reporting component could push the estimate toward $750,000. Therefore a reasonable ball‑park estimate for the award is between $600,000 and $900,000.

AI estimate from the award documents

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