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  5. ›RFP #2449 - PROPERTY MANAGEMENT SERVICES FOR OAKS AT FOUR CORNERS

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2449 - PROPERTY MANAGEMENT SERVICES FOR OAKS AT FOUR CORNERS

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

Awarded vendors

  • Edgewood Management Corporation, Inc

Description

This contract awards Edgewood Management Corporation, Inc. the responsibility for comprehensive property management services at the “Oaks at Four Corners” community. The scope includes day‑to‑day operations, tenant relations, maintenance oversight, financial reporting, and compliance with applicable regulations. The agency (Howard County) seeks a vendor to ensure the property remains well‑maintained, financially sound, and responsive to resident needs. • Provides full‑service property management for a residential (likely mixed‑use) development. • Covers administrative, financial, maintenance, and compliance functions. • Single‑vendor award with no disclosed term length or renewal provisions.

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
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531311
Solicitation №
RFP #2449

Contract value

$250,000

No monetary value is disclosed in the supplied excerpt. Property‑management contracts for a single community of this size typically range from $150,000 to $350,000 per year, depending on the number of units, level of service, and local cost factors. Assuming a mid‑size residential development with around 150 units and a standard fee of 5–8% of gross rent (or a flat‑fee arrangement), a reasonable ball‑park estimate would be roughly $250,000 annually. If the contract is for a multi‑year term, the total value could be in the $500,000–$750,000 range. Therefore, a conservative single‑year estimate of $250,000 is used.

AI estimate from the award documents

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