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  5. ›RFP #2383 - PROPERTY MANAGEMENT SERVICES FOR ARCHITECTURAL…

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2383 - PROPERTY MANAGEMENT SERVICES FOR ARCHITECTURAL SERVICES POOL

Won by Torti Gallas & Partners, Inc.$5MAwarded 7/1/2024Single Award
Contract source

Awarded vendors

  • Torti Gallas & Partners, Inc.

Description

This contract awards Torti Gallas & Partners, Inc. the responsibility for providing property management services to the Architectural Services Pool. The scope likely includes overseeing facilities, maintaining building systems, handling lease administration, and ensuring compliance with applicable regulations for a collection of architectural service locations. • Vendor: Torti Gallas & Partners, Inc. (single‑award) • Contract purpose: Centralized property management for an architectural services pool • Award date: July 1 2024 (no other dates, values, or renewal terms disclosed) • Agency contact: Procurement email [email protected]; contract administrator Ali Ozair (email provided)

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
Industry
Custodial and Facilities Services
NAICS
531120
Solicitation №
RFP #2383

Contract value

$5,000,000

No contract value is disclosed. Property‑management contracts for a multi‑location pool typically range from a few hundred thousand to several million dollars annually, depending on the size and number of facilities. Assuming a modest pool of 10‑15 architectural offices with average annual management costs of $300k–$500k each, a reasonable ball‑park estimate would be roughly $4 million to $7 million per year. Selecting a midpoint yields an estimate of about $5 million. This estimate reflects typical market rates for comprehensive property‑management services (including staffing, maintenance, lease administration, and compliance).

AI estimate from the award documents

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