Experian velocity
Ended Definitive Contract Awarded Last action
- Contract number
- 20343022C00001
- Awardee
-
Experian Information Solutions Inc. UEI UQ31MGUMQNS5
- Awarding agency
-
Bureau of the Fiscal Service
Department of the Treasury
- Obligated
- $269,750
Award facts
- Opportunity
-
- RFQ41100220002 Solicitation number
- Contract value 88% obligated
-
- $269,750.00 Current, with exercised options
- $305,750.00 Potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- Funding agency
- Consumer Financial Protection Bureau
- NAICS code
- 561450 Credit Bureaus
- Set-aside
- No set-aside
- Competition
- Not Competed · 1 offer Only One Source
- Pricing
- Firm Fixed Price
- Place of performance
- Costa Mesa, CA 92626, USA
- Legislative mandates
-
- Other statutory authority
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | -$228,250 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $249,000 | |
| Modification | $249,000 | |
| Other Administrative Action | $0 |
About this award
The Consumer Financial Protection Bureau (CFPB) has awarded a definitive, firm-fixed-price contract to Experian Information Solutions Inc., doing business as Experian, a global provider of information services and consumer credit reporting. The $305,750.00 contract, titled "EXPERIAN VELOCITY," has a completion date of May 2, 2024. Experian will provide identity verification and fraud prevention solutions to support the CFPB's oversight of consumer financial products. This contract award aligns with Experian's history of providing similar identity, risk management, and fraud prevention services to other federal agencies, such as the Nuclear Regulatory Commission and the Department of Agriculture's Farm Service Agency. The contract was awarded on August 25, 2022 and does not have a set-aside designation.
Quick answers
Who was awarded contract 20343022C00001?
20343022C00001 was awarded to Experian Information Solutions Inc. by Bureau of the Fiscal Service (Department of the Treasury) on August 25, 2022.
How much is contract 20343022C00001 worth?
The government has obligated $269,750 on 20343022C00001. Its potential value, with all options, is $305,750.
Which agency awarded contract 20343022C00001?
Bureau of the Fiscal Service (Department of the Treasury) awarded 20343022C00001, with funding from Consumer Financial Protection Bureau.
Was contract 20343022C00001 competed?
The extent of competition for 20343022C00001 was not competed. The government received 1 offer.
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