AWARDDELIVERY ORDERSmall business

Delivery order TOFS10D0010TDP0002LOVE AND LONG, L.L.P.

Overview

Award facts

Net obligations: $3.03M; $3,033,818of $20.57M potential value
Period of performance: Apr 18, 2011 to Oct 17, 2015; Ended
Modifications: 11; Latest action Jun 1, 2023
Contract type: Delivery order; PIID TOFS10D0010TDP0002

Description of requirement

LEGAL SERVICES FOR THE SMALL BUSINESS LENDING FUND (SBLF) CLOSINGS TRANSACTIONS

Dates and value

Award date: Signed on Apr 18, 2011
Potential end of performance: Oct 16, 2015
Current value: $3,033,818Base and exercised options
Potential value (if all options are exercised): $20,572,080
Parent contract vehicle: TOFS10D0010 (IDC, multiple award) — 1 order recorded under it

Obligations by fiscal year of action

FY2023: -$1,658,502 (de-obligation)
FY2014: $111,755
FY2013: $156,800
FY2011: $4,423,766

Total across 4 fiscal years: $3,033,818

Net de-obligation in that fiscal year (obligations withdrawn).

Source: Federal Procurement Data System contract actions as published by SAM.gov and USAspending.gov; latest action recorded Jun 1, 2023. View on USAspending · Recipient on SAM.gov

Recipient

NameLOVE AND LONG, L.L.P.

LocationNEWARK, NJ

UEIDPKMETGTM3B1

CAGE code58ZT5

Business sizeSmall businessSize at award, per the contracting officer

Organization typePartnership

Parent companyLOVE AND LONG, L.L.P.

Business types and certifications

Women-ownedMinority-ownedSelf-certified small disadvantaged businessFor-profit organizationPartnership or LLP

Self-reported at the time of the action.

Agency and place

Awarding and funding

Awarded by: Department of the Treasury
Departmental Offices
NATIONAL OFFFICE - DO/OFS/TARP
Funded by: Department of the Treasury
Departmental Offices
OFC FINANCIAL STABILITY/TARP
Funded from: Administrative expensesProgram activities020-0141Federal accounts (agency financial reports)

Place of performance

Place of performance: Newark, Essex County, New Jersey 07102-3024
Congressional district (place of performance): NJ-10As reported at the time of the action

Classification and competition

Classification

NAICS: 541110OFFICES OF LAWYERS
Product or service (PSC): R418SUPPORT- PROFESSIONAL: LEGAL (service)

Competition

Extent competed: Full and open competition after exclusion of sourcesD
Fair opportunity exception: Fair opportunity givenFAIR
Solicitation procedures: Subject to multiple award fair opportunityMAFO
Set-aside: Small business set aside - partialSBP
Contract pricing: Time and materialsY
Offers received: 11

Contract details

Certified cost or pricing data: No
Service Contract Act labor standards: No
Commercial procedures: Commercial products/services procedures not usedD
Government-furnished property: Transaction does not use GFE/GFPN
Bundled requirement: Not a bundled requirementD
Consolidated requirement: No
Undefinitized action (terms not final): No
Multi-year contract: No
Performance-based service acquisition: No - service where PBA is not used.N

Transaction history

Modification history

Base award: Apr 18, 2011Base obligation at award: $4,423,766
Latest action: Jun 1, 2023 — Funding onlyModification 11; obligation change -$1,658,502; funding only: changes obligations, not scope
Latest substantive action: Oct 2, 2014 — Option exercisedModification 9
Latest funding action: Jun 1, 2023 — Funding onlyModification 11; obligation change -$1,658,502; funding only: changes obligations, not scope
Actions by type: Base award1
Option exercised4
Funding only3
Other administrative action3
New work added (outside scope)1
12 actions recorded, Apr 18, 2011 to Jun 1, 2023; each action counted once.

Every modification

Each modification of this award, with its obligation change and reason.

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All contract data

Every other field reported for this award, as of its latest reported action

Competition

Evaluation preference: No preference used
Local area set-aside: No
Synopsized publicly (SAM.gov / FedBizOpps): Yes
Simplified procedures for commercial items: No
A-76 (FAIR Act) action: No

Pricing and financing

Paid by purchase card: No
Latest action: change in base and exercised options: -$1,658,502
Latest action: change in base and all options: -$1,658,502

Socio-economic and policy

Recovered materials and sustainability: No clauses included and no sustainability includedC
EPA-designated product: Not requiredE
Clinger-Cohen Act planning (IT): No
Walsh-Healey Act (materials and supplies): No
Construction wage rates (Davis-Bacon): No

Place and origin

Domestic or foreign entity: U.S. owned businessA
Country of product or service origin: United statesUSA
Place of manufacture: Not a manufactured end productC

Structure

Award or IDV: Award
Award type: Delivery orderC
Parent vehicle type: IDCB
Parent vehicle: multiple or single award: Multiple awardM
Parent vehicle agency: Departmental Offices2001
Awarding agency code: 2000
Awarding sub-tier code: 2001
Contracting office code: 2032K7
Transactions recorded under this award key: 12

Funding

Funding agency code: 2000
Funding sub-tier code: 2001
Funding office code: 2032K2
Treasury accounts: 020-X-0141-000
Object classes: 25.1: Advisory and assistance services
25.2: Other services from non-Federal sources
Disaster or emergency funding (DEFC): Q: Not Designated Nonemergency/Emergency/Disaster/Wildfire Suppression