/ critical function IDIQ: servicing of title IV student financial aid, in accordance with section 2212 of the health care and education reconciliation act of 2010 (PUB.L. 111-152, 124 stat. 1029).…
Ended Awarded Last action
- Contract number
- 0024
- Awardee
-
Nelnet Servicing LLC UEI MNXKQ62J7AE8
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Obligated
- $14,640,355
Award facts
- Contract value 100% obligated
- $14,640,355.40 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 522390 Other Activities Related to Credit Intermediation
- PSC
- R710 Support- Management: Financial
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 1 offer Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Place of performance
- Lincoln, NE 68508, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | $0 | |
| Funding Only Action | -$234,767 | |
| Funding Only Action | -$484,719 | |
| Funding Only Action | $2,300,000 | |
| Funding Only Action | $300,500 | |
| Supplemental Agreement for work within scope | $25,875 | |
| Funding Only Action | $6,004,091 | |
| Funding Only Action | $898,000 | |
| Funding Only Action | $910,000 | |
| Funding Only Action | $1,320,000 | |
| Supplemental Agreement for work within scope | $26,375 | |
| Original award | $3,575,000 |
Show all 12
About this award
This is a delivery order contract awarded by the U.S. Department of Education's Office of Federal Student Aid to Nelnet Servicing LLC, a for-profit limited liability company based in Lincoln, Nebraska. The contract, valued at $14,640,355.40, is for servicing of the Total Permanent Disability (TPD) program, a component of the Title IV student financial aid program, in accordance with the Health Care and Education Reconciliation Act of 2010.
The contract is a firm fixed-price delivery order under the Unified Servicing and Data Solution (USDS) indefinite-delivery, indefinite-quantity (IDIQ) contract vehicle, a $16 billion multiple-award contract awarded by the Department of Education's Office of Federal Student Aid. The USDS IDIQ aims to consolidate all federal student aid recipients under one data processing system operated by prime contractors like Nelnet, as part of the Department's efforts to modernize its legacy student loan servicing systems. There is no set-aside designation for this contract.
Description
/ critical function IDIQ: servicing of title IV student financial aid, in accordance with section 2212 of the health care and education reconciliation act of 2010 (PUB.L. 111-152, 124 stat. 1029). Task order: servicing for total permanent disability program, from 3/1/2017 through 2/28/2017.
Quick answers
Who was awarded contract 0024?
0024 was awarded to Nelnet Servicing LLC by Office of Federal Student Aid (Department of Education) on March 1, 2017.
How much is contract 0024 worth?
The government has obligated $14,640,355 on 0024.
Is contract 0024 an order under another contract?
Yes. 0024 is a delivery order under EDFSA09D0013, an indefinite delivery contract.
Was contract 0024 competed?
The extent of competition for 0024 was full and open competition. The government received 1 offer.
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