FIP redress
Active Awarded
- Contract number
- 9531CB24F0057
- Awardee
-
Rust Consulting, Inc. UEI ST2LSCEYCB97
- Awarding agency
-
Consumer Financial Protection Bureau
- Obligated
- $598,414
Award facts
- Opportunity
-
- 9531CB24Q0048 Solicitation number
- Contract value 100% obligated
- $598,413.75 Current and potential, with all options
- Completion date 62% 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
- New Hyde Park, NY 11042, USA
Award details come from SAM.gov/FPDS.
About this award
The Consumer Financial Protection Bureau (CFPB) awarded a $598,413.75 firm-fixed-price delivery order contract to Rust Consulting, Inc., a for-profit consulting firm, for FIP REDRESS services. The contract does not have a set-aside designation and has a completion date of May 5, 2028. Rust Consulting specializes in claims administration, litigation support, regulatory compliance, and financial services related to consumer protection programs and enforcement actions. The award is associated with Rust's multiple-award $50 million Indefinite Delivery/Indefinite Quantity (IDIQ) contract with the CFPB to serve as a third-party administrator for redress programs resulting from CFPB enforcement actions across consumer financial products and services. Task orders have been issued against this IDIQ for various redress matters requiring services like victim identification, claims processing, payment distribution, and reporting.
Quick answers
Who was awarded contract 9531CB24F0057?
9531CB24F0057 was awarded to Rust Consulting, Inc. by Consumer Financial Protection Bureau on May 1, 2024.
How much is contract 9531CB24F0057 worth?
The government has obligated $598,414 on 9531CB24F0057.
Is contract 9531CB24F0057 an order under another contract?
Yes. 9531CB24F0057 is a delivery order under 9531CB22D0006, an indefinite delivery contract, on CFPB 3rd Party Redress Services.
Was contract 9531CB24F0057 competed?
The extent of competition for 9531CB24F0057 was full and open competition. The government received 3 offers.
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