Operations and maintenance (o & m) task order for student loan servicing in accordance with the requirements of the usds contract. All work and deliverables provided must be in accordance with the…

Ended Awarded Last action

Contract number
91003124F0308
Awardee
Awarding agency
Obligated
$54,703,680

Award facts

Contract value 100% obligated
$54,703,680.20 Current and potential, with all options
Completion date 100% complete
Current and potential, with all options
Set-aside
No set-aside
Competition
Full and Open Competition · 5 offers Multiple Award, Fair Opportunity
Pricing
Fixed Price with Economic Price Adjustment
Place of performance
Washington, DC 20202, USA
Legislative mandates

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Supplemental Agreement for work within scope P00017 · The purpose of modification P00017 is to finalize a settlement between the contractor and government due to the termination of convenience of CR 6955 and 7037. -$2,111,320
Funding Only Action P00016 · The purpose of this modification is to deobligate excess funding that is not needed. -$15,212
Supplemental Agreement for work within scope P00015 · This modification is issued to provide extensions to stop work orders in accordance with contract far clause 52.242-15 stop work order (AUG 1989). $0
Supplemental Agreement for work within scope P00014 $0
Other Administrative Action P00013 · This modification is issued to document the issuance of and provide extensions to stop work orders in accordance with contract far clause 52.242-15 stop work… $0
Funding Only Action P00012 · The purpose of this modification is to deobligate excess funding in the amount of $$132,372.95 as follows: clin 0003AA deobligate $132,372.70 from… -$132,373
Funding Only Action P00011 · Deobligation in the amount of $1,000,000.00. Clin 0003AC is decreased from $1,000,000.00, by $1,000,000.00 to $0.00. -$1,000,000
Supplemental Agreement for work within scope P00010 · The purpose of this modification is to formalize stop work orders for save IDR and save processing, and a change order for save injunction requirements at no… $0
Supplemental Agreement for work within scope P00009 · The purpose of modification P00009 is to add a subclin to fund the additional quantity of service members on the system in june and to deobligate funding that… -$2,612,520
Supplemental Agreement for work within scope P00008 · The purpose of modification P00008 is to formalize the requirements and funded amount for save recalc delay requirements. Places all borrowers on save with… $66,422
Supplemental Agreement for work within scope P00007 · The purpose of this modification is to add funding for CR 7037-SDR-usds student debt relief discharge processing. Additional types of forgiveness are being… $450,986
Change Order P00006 · The purpose of this modification is to formalize the change order issued by the contracting officer (CO) to stop work specific to CR 6955 borrower defense… $0
Supplemental Agreement for work within scope P00005 · The purpose this modification is adding funding and requirements associated with implementing CR 7010 - usds - additional save. Usds servicers shall perform a… $79,120
Supplemental Agreement for work within scope P00004 · The purpose of this modification is to incorporate funding and requirements for CR6927 FY24 financial audit handouts and CR 6979 usds servicer reporting… $17,270
Supplemental Agreement for work within scope P00003 · The purpose of this modification is to incorporate CR 7009 - usds - proxy payment update which revises contract requirements. $0
Supplemental Agreement for work within scope P00002 · The purpose of this modification is adding funding and requirements associated with CR 6955 borrower defense consolidation adjustments research servicers to… $2,560,694
Supplemental Agreement for work within scope P00001 · The purpose of modification P00001 is to add funding and requirements associated with implementing CR 6969 - usds mailing and billing statement changes… $21,620
Original award $57,378,993
Show all 18

About this award

Written by GovTribe AI ·

The Office of Federal Student Aid issued a delivery order to Maximus Education LLC with a ceiling value of $54.7 million on April 1, 2024, under the Unified Servicing and Data Solution IDIQ for operations and maintenance of student loan servicing systems. This order represents Modification P00017, finalizing a settlement related to the termination of convenience of two prior task orders.

The Unified Servicing and Data Solution is the Department of Education's multiple-award IDIQ for unified servicing and data solution capabilities supporting federal student loan servicing operations. Place of performance is Washington, DC 20202. The order carries a fixed-price with economic price adjustment structure and extends through November 20, 2025.

In fiscal 2024, the order generated $51.5 million in invoiced revenue across 287 FTEs and 596,979 contractor hours, reflecting a blended government-paid rate of $86.34 per hour. Maximus Education LLC engaged 11 subcontractors, with subcontractors performing approximately 37 percent of total contractor hours.

Description

As the agency reported it.

Operations and maintenance (o & m) task order for student loan servicing in accordance with the requirements of the usds contract. All work and deliverables provided must be in accordance with the requirements of the contract for the task order.

Quick answers

Who was awarded contract 91003124F0308?

91003124F0308 was awarded to Maximus Education LLC by Office of Federal Student Aid (Department of Education) on April 1, 2024.

How much is contract 91003124F0308 worth?

The government has obligated $54,703,680 on 91003124F0308.

Is contract 91003124F0308 an order under another contract?

Yes. 91003124F0308 is a delivery order under 91003123D0001, an indefinite delivery contract, on Unified Servicing and Data Solution.

Was contract 91003124F0308 competed?

The extent of competition for 91003124F0308 was full and open competition. The government received 5 offers.

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