Covid-19 national emergency -paycheck protection program (cares act) - lender services to set up new program within the cafs IT systems
Ended Definitive Contract Awarded Last action
- Contract number
- 73351020C0017
- Awardee
-
Colson Services Corp. UEI DP36QKK8SWF8 Part of The Bank Of New York Mellon Corporation
- Awarding agency
-
Office of Performance Management and the Chief Financial Officer
Small Business Administration
- Obligated
- $2,430,469
Award facts
- Opportunity
-
- Fiscal Transfer Agent CARES Act Support Limited / Sole Source Justification · Posted Aug 5, 2020
- Contract value 100% obligated
- $2,430,468.98 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- Funding agency
- Office of Capital Access Small Business Administration
- NAICS code
- 523991 Trust, Fiduciary, and Custody Activities
- PSC
- R499 Support- Professional: Other
- Set-aside
- No set-aside
- Competition
- Not Competed under SAP · 1 offer Simplified Acquisition
- Pricing
- Firm Fixed Price
- Place of performance
- New York, NY 10007, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | -$1,600,000 | |
| Funding Only Action | $1,090,500 | |
| Exercise an Option | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $1,090,500 | |
| Original award | $1,849,469 |
About this award
Colson Services Corp., a subsidiary of The Bank of New York Mellon Corporation, was awarded a definitive contract valued at approximately $2.43 million by the Small Business Administration Office of Capital Access. The firm fixed price contract is for the delivery of lender services to establish a new Paycheck Protection Program within the agency's Capital Access Financial Systems IT platforms. The Paycheck Protection Program was authorized under the Coronavirus Aid, Relief, and Economic Security Act and aims to provide forgivable loans to eligible small businesses to maintain payroll and cover certain overhead expenses during the COVID-19 national emergency. Performance will take place in New York, New York over a one year period concluding June 30, 2021. No set aside designation or subcontracting details were indicated.
Quick answers
Who was awarded contract 73351020C0017?
73351020C0017 was awarded to Colson Services Corp. by Office of Performance Management and the Chief Financial Officer (Small Business Administration) on July 1, 2020.
How much is contract 73351020C0017 worth?
The government has obligated $2,430,469 on 73351020C0017.
Which agency awarded contract 73351020C0017?
Office of Performance Management and the Chief Financial Officer (Small Business Administration) awarded 73351020C0017, with funding from Office of Capital Access (Small Business Administration).
Was contract 73351020C0017 competed?
The extent of competition for 73351020C0017 was not competed under sap. The government received 1 offer.
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