/ critical function IDIQ: servicing of title IV student financial aid. Task order: servicing of title IV student financial aid, from 9/1/2015 through 8/31/2016. Provides funding for title IV aid…
Ended Awarded Last action
- Contract number
- 0008
- Awardee
-
Navient Corporation UEI MPZ6YQV1EVX7
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Obligated
- $141,164,210
Award facts
- Contract value 100% obligated
- $141,164,210.14 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 · 4 offers Multiple Award, Fair Opportunity
- Pricing
- Fixed Price with Economic Price Adjustment
- Place of performance
- Wilmington, DE 19801, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | $0 | |
| Funding Only Action | -$300,000 | |
| Supplemental Agreement for work within scope | $0 | |
| Funding Only Action | $684,724 | |
| Funding Only Action | $8,601,000 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $9,850 | |
| Supplemental Agreement for work within scope | $20,024 | |
| Supplemental Agreement for work within scope | $59,312 | |
| Supplemental Agreement for work within scope | $13,050 | |
| Funding Only Action | -$200,000 | |
| Supplemental Agreement for work within scope | $128,392 | |
| Supplemental Agreement for work within scope | $0 | |
| Funding Only Action | $40,546,000 | |
| Supplemental Agreement for work within scope | $70,650 | |
| Funding Only Action | $9,639,000 | |
| Supplemental Agreement for work within scope | $35,517 | |
| Supplemental Agreement for work within scope | $14,820 | |
| Change Order | $71,845 | |
| Change Order | $30,120 | |
| Supplemental Agreement for work within scope | $0 | |
| Change Order | $75,938 | |
| Funding Only Action | $23,100,000 | |
| Change Order | $42,840 | |
| Funding Only Action | $11,690,000 | |
| Change Order | $103,382 | |
| Change Order | $314,696 | |
| Change Order | $12,080 | |
| Supplemental Agreement for work within scope | $0 | |
| Funding Only Action | $2,151,693 | |
| Funding Only Action | $7,999,307 | |
| Original award | $36,249,970 |
Show all 32
About this award
This is a delivery order awarded by the U.S. Department of Education's Office of Federal Student Aid to Navient Corporation, a for-profit organization, for the servicing of Title IV student financial aid. The task order, valued at $141,164,210.14, provides funding for Title IV aid servicing from September 1, 2015 through December 31, 2016, as well as the Delinquency Reduction Compensation Program, not to exceed $500,000 per quarter or $2,000,000 annually. The contract is a Fixed Price with Economic Price Adjustment vehicle and does not have a set-aside designation. Navient Corporation, through its division Navient and subsidiaries such as Navient BPO LLC, has significant expertise in loan management, servicing, and asset recovery in the education sector, and has also received federal contracts for web-based survey support and data collection assistance from other agencies like the Department of Labor's Bureau of Labor Statistics.
Description
/ critical function IDIQ: servicing of title IV student financial aid. Task order: servicing of title IV student financial aid, from 9/1/2015 through 8/31/2016. Provides funding for title IV aid servicing through approximately 12/31/2015. Provides funding for the delinquency reduction compensation program, in a not-to-exceed amount of $500,000 per quarter and $2,000,000 annually.
Quick answers
Who was awarded contract 0008?
0008 was awarded to Navient Corporation by Office of Federal Student Aid (Department of Education) on September 1, 2015.
How much is contract 0008 worth?
The government has obligated $141,164,210 on 0008.
Is contract 0008 an order under another contract?
Yes. 0008 is a delivery order under EDFSA09D0015, an indefinite delivery contract.
Was contract 0008 competed?
The extent of competition for 0008 was full and open competition. The government received 4 offers.
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