3RD party administrator redress services for the brightspeed matter
Active Awarded Last action
- Contract number
- 9531CB23F0055
- Awardee
-
Epiq Class Action & Claims Solutions, Inc. UEI MXK3HBJGWLE7 Part of Document Technologies, LLC
- Awarding agency
-
Consumer Financial Protection Bureau
- Obligated
- $1,037,590
Award facts
- Opportunity
-
- 9531CB23Q0054 Solicitation number
- Contract value 100% obligated
- $1,037,589.63 Current and potential, with all options
- Completion date 77% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities
- PSC
- R711 Support- Management: Banking
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 3 offers Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Place of performance
- Beaverton, OR 97005, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | $395,490 | |
| Other Administrative Action | $0 | |
| Change Order | $0 | |
| Original award | $642,100 |
About this award
The Consumer Financial Protection Bureau (CFPB) awarded a $1.04M delivery order to Epiq Class Action & Claims Solutions, Inc. for third-party administrator redress services related to the Brightspeed consumer protection matter. This firm fixed-price delivery order, awarded on May 5, 2023, extends through November 5, 2027, and will be performed in Beaverton, Oregon. The award includes no set-aside designation, reflecting Epiq's competitive standing in federal procurement. Epiq, a subsidiary of Epiq Systems, Inc., specializes in complex claims administration and settlement services, with particular expertise in managing consumer redress programs for federal enforcement actions.
This delivery order is issued under Epiq's larger $50M, five-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract with the CFPB for Fund and Redress Administration services. Under this engagement, Epiq will provide comprehensive third-party administrative support for the Brightspeed matter, including developing distribution plans, identifying and notifying harmed consumers, processing claims, delivering consumer assistance, and managing payment distributions. Epiq has demonstrated significant experience administering similar high-profile consumer redress programs for the CFPB, including matters such as LendUp, Think Finance, and JPAY, establishing it as a key provider of specialized settlement administration services to the federal government.
Quick answers
Who was awarded contract 9531CB23F0055?
9531CB23F0055 was awarded to Epiq Class Action & Claims Solutions, Inc. by Consumer Financial Protection Bureau on May 5, 2023.
How much is contract 9531CB23F0055 worth?
The government has obligated $1,037,590 on 9531CB23F0055.
Is contract 9531CB23F0055 an order under another contract?
Yes. 9531CB23F0055 is a delivery order under 9531CB22D0003, an indefinite delivery contract, on CFPB 3rd Party Redress Services.
Was contract 9531CB23F0055 competed?
The extent of competition for 9531CB23F0055 was full and open competition. The government received 3 offers.
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