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  5. ›Multi-Property Rental Management Service for Kalepa…

Awarded contract·Kauai County Housing Agency·Hawaii

Multi-Property Rental Management Service for Kalepa Village Phase I, IV and Pa'anau Village Phase I Affordable Rental Housing Projects

Won by Mark Development, Inc.$2.6MSingle Award
Contract source

Awarded vendors

  • Mark Development, Inc.

Description

The contract is for multi-property rental management services for affordable rental housing projects in Kauai, Hawaii. The contractor will be responsible for providing rental management services for the Kalepa Village Phase I and IV and Pa'anau Village Phase I projects. The contract is for a period of three years, with a total contract amount of $2,624,531.00. The contractor must comply with various requirements, including wage and hour regulations, tax clearance certificates, and insurance certificates. The contract also includes a requirement for a Contractor's Certificate of Compliance for Final Payment. • The contract is subject to the availability and appropriation of funds. • The contractor must provide insurance certificates as required by the solicitation or negotiated terms. • The contractor must submit a tax clearance certificate and a Contractor's Certificate of Compliance for Final Payment with their final payment invoice. • The contract includes a three-year multi-term contract with a first-year payment of $753,096.49.

Attached files

Key dates

Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531110
Solicitation №
P-0248

Contract value

$2,624,531

The contract value is explicitly stated as $2,624,531.00, with a first-year payment of $753,096.49. This suggests that the contract is for a period of three years, with annual payments of approximately $824,844.00. The total contract amount is likely based on the estimated costs of providing rental management services for the specified properties over the contract period.

AI estimate from the award documents

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