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  5. ›RFP #2407 - PROPERTY MANAGEMENT SERVICES FOR ALEXANDER HOUSE

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2407 - PROPERTY MANAGEMENT SERVICES FOR ALEXANDER HOUSE

Won by Edgewood Management Corporation, Inc$250kAwarded 7/1/2024Single Award
Contract source

Awarded vendors

  • Edgewood Management Corporation, Inc

Description

This contract awards property management services for Alexander House to Edgewood Management Corporation, Inc. The work likely includes day‑to‑day facility oversight, maintenance coordination, tenant relations, budgeting, and compliance with relevant regulations. The award was made on July 1 2024, and two separate contract numbers (24‑2407A and 24‑2407B) were issued, both to the same vendor, suggesting possibly distinct phases or scopes under a common umbrella. • Scope: Comprehensive property management for a single residential‑type facility. • Vendor: Edgewood Management Corporation, Inc (sole award). • Timeline: No explicit start, end, or renewal dates are disclosed.

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
Real Estate
NAICS
531311
Solicitation №
RFP #2407

Contract value

$250,000

The documents do not disclose a contract value. Property‑management contracts for a single house or small facility typically range from $100 k to $250 k per year, depending on size, services required, and local market rates. Since two contract numbers were issued (potentially representing separate phases or service periods), a reasonable ballpark estimate is roughly $250 000 total for the combined award. This estimate assumes a mid‑range annual management fee of $125 k per contract, reflecting standard industry pricing for comparable residential‑property management services.

AI estimate from the award documents

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