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
91003124F0310
Awardee
Awarding agency
Obligated
$41,571,964

Award facts

Contract value 100% obligated
$41,571,964.23 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
CONCORD FARR, TN 37922, USA
Legislative mandates

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Supplemental Agreement for work within scope P00017 · The purpose of this modification is to DE-obligate funding and to agree and set the final settlement amount. -$187,501
Supplemental Agreement for work within scope P00016 · This modification is issued to provide extension to stop work order IDR notice in accordance with contract far clause 52.242-15 stop work order (AUG 1989). $0
Supplemental Agreement for work within scope P00015 · This modification is to document the extension of the current stop work orders and provide notice of termination for convenience for CR 6955 and CR 7037 in… $0
Funding Only Action P00014 · The purpose of this modification is to deobligate excess funding for subclin 0006AB. -$27,844
Funding Only Action P00013 · The purpose of this modification is to add additional funding for april-september 2024 clin 0006AA invoice corrections for acers 77897 in the amount of… $457,693
Supplemental Agreement for work within scope P00012 · 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 P00011 · The purpose of this modification is to DE-obligate funding that will not be invoiced for subclins 0003AD and 0003AE. -$22,498
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 for… $16,745
Supplemental Agreement for work within scope P00009 · The purpose of modification P00009 is to add a subclin to fund additional borrowers transferred may-june 2024 and to deobligate funding that is not needed. -$998,252
Supplemental Agreement for work within scope P00008 · The purpose of modification P00008 is to add clins/subclins to fund $1,345,917
Supplemental Agreement for work within scope P00007 · The purpose of modification P00007 is to formalize the requirements and funded amount for save recalc delay requirements. Places all borrowers on save with… $29,403
Supplemental Agreement for work within scope P00006 · 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… $145,013
Change Order P00005 · 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 P00004 · The purpose this modification is adding funding and requirements associated with implementing CR 7010 - usds - additional save. Usds servicers shall perform a… $21,338
Supplemental Agreement for work within scope P00003 · The purpose of this modification is to incorporate funding and requirements for CR6927 FY24 financial audit handouts and CR 6979 usds servicer reporting… $10,469
Supplemental Agreement for work within scope P00002 · 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 P00001 · The purpose of this modification is adding funding and requirements associated with CR 6955 borrower defense consolidation adjustments research servicers to… $215,538
Original award $40,565,942
Show all 18

About this award

Written by GovTribe AI ·

The Office of Federal Student Aid issued a delivery order to Edfinancial Services LLC on April 1, 2024, with a ceiling value of $41.6 million under the Unified Servicing and Data Solution IDIQ for operations and maintenance of student loan servicing through November 20, 2025. The order is priced fixed-price with economic price adjustment.

The Unified Servicing and Data Solution is a $16 billion multiple-award IDIQ administered by the Department of Education, running through April 24, 2033, supporting federal student loan servicing operations and maintenance across multiple servicers.

Place of performance is Concord, Tennessee. In fiscal year 2024, the order invoiced $35.8 million across 201 FTEs performing 418,724 contractor hours at a derived government-paid rate of $85.41 per hour. Edfinancial self-performed approximately 97% of work, with 2 subcontractors handling 3% of 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 91003124F0310?

91003124F0310 was awarded to Edfinancial Services LLC by Office of Federal Student Aid (Department of Education) on April 1, 2024.

How much is contract 91003124F0310 worth?

The government has obligated $41,571,964 on 91003124F0310.

Is contract 91003124F0310 an order under another contract?

Yes. 91003124F0310 is a delivery order under 91003123D0003, an indefinite delivery contract, on Unified Servicing and Data Solution.

Was contract 91003124F0310 competed?

The extent of competition for 91003124F0310 was full and open competition. The government received 5 offers.

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