Notice of Intent to Sole Source

PLEASE READ THIS NOTICE CAREFULLY AS IT CONSTITUTES THE ONLY NOTIE THAT WILL BE PUBLISHED. The Department of Housing and Urban Development (HUD)intends to negotiate a sole source fixed priced contract for one six (6) month base and one (6) month option periods with the following company. Novad Management Consulting, LLC 2401 NW 23rd St. Ste 1A1 Oklahoma City, OK 73107 HUD has prepared a sole source justification on the basis of other than full and open competition for this effort. HUD intends to negotiate with only one source under the authority of 6.301-1 Only One Responsible Source and No Other Supplies or Services Will Satisfy Agency Requirements. HUD has a requirement for servicing a portfolio of over 100,000 Home Equity Conversion Mortgage (HECM) loans with specialized experience in HECM, FHA insured and Secretary-Held first, second, subordinate notes and mortgages. The North American Classification System Code (NAICS) for this requirement 522390 Other Activities Related to Credit Intermediation with a NAICS size stand of $20.5 Million. This notice will be distributed solely through the beta.sam.gov website. Interested parties are responsible for monitoring the beta.sam website to ensure they have the most up to date information regarding this acquisition. This notice satisfies the requirement of FAR 5.102(a)(1) and 5.103(a)(1). This Notice of Intent to Sole Source is not a request for quotes. Information received in response to this notice will be considered solely for the purpose of determining whether a competitive procurement is in the best interest of the Government. If no written responses by the date listed below, which reflect 3 business days from the posting of this notice, the solicitation will be issued to Novad Management Consulting, LLC. Interested parties may identify their interests and capabilities to the attention of Christopher Stuart, email address [email protected]. Emailed responses will only be considered and must identify their capabilities in writing no later than 4:00 PM Easter Time, September 2, 2020.