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  5. ›RFP #2442 - PROPERTY MANAGEMENT SERVICES FOR SILVER SPRING

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2442 - PROPERTY MANAGEMENT SERVICES FOR SILVER SPRING

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

Awarded vendors

  • Edgewood Management Corporation, Inc

Description

This contract awards Edgewood Management Corporation, Inc. the responsibility for providing comprehensive property management services for the Silver Spring location. The work includes routine maintenance, tenant relations, financial reporting, and overall facility stewardship under the oversight of Howard County procurement officials. • Scope of work: day‑to‑day property operations, preventive maintenance, vendor coordination, and budgeting for the Silver Spring property. • Awarded to a single vendor (Edgewood Management) with the contract administered by Ali Ozair (email: [email protected]). • No public submission deadline or bidding details were disclosed; award date is July 1 2024.

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
Starts
7/1/2024

Last updated

Details

Award type
Single Award
Industry
Real Estate
NAICS
531312
Solicitation №
RFP #2442

Contract value

$1,000,000

The document does not state a monetary figure. For municipal property‑management contracts of this type, annual fees typically range from $500,000 to $2 million depending on the size and complexity of the property. Assuming a mid‑size public building with routine maintenance, tenant services, and financial oversight, a reasonable ball‑park estimate would be roughly $1 million for a one‑year term, with potential escalations for multi‑year extensions. This estimate considers typical market rates for professional property‑management firms handling government‑owned facilities.

AI estimate from the award documents

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