Critical function base award: 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.…
Ended Awarded Last action
- Contract number
- 91003118F0348
- Awardee
-
Navient Corporation UEI MPZ6YQV1EVX7
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Obligated
- $143,631,060
Award facts
- Contract value 74% obligated
- $192,931,217.61 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
- Firm Fixed Price
- 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 |
|---|---|---|
| Close Out | $0 | |
| Funding Only Action | -$15,903,434 | |
| Supplemental Agreement for work within scope | $20,707 | |
| Supplemental Agreement for work within scope | $75,710 | |
| Supplemental Agreement for work within scope | $52,124 | |
| Supplemental Agreement for work within scope | $13,308 | |
| Supplemental Agreement for work within scope | $46,834 | |
| Funding Only Action | $54,359,000 | |
| Supplemental Agreement for work within scope | $403,565 | |
| Supplemental Agreement for work within scope | $17,187,320 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $39,116,094 | |
| Supplemental Agreement for work within scope | $18,972 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $25,920 | |
| Supplemental Agreement for work within scope | $14,940 | |
| Original award | $48,200,000 |
Show all 17
About this award
This federal contract award is for the servicing of Title IV student financial aid in accordance with Section 2212 of the Health Care and Education Reconciliation Act of 2010. The contract was awarded by the Department of Education's Office of Federal Student Aid to Navient Corporation, a for-profit organization, and does not have a set-aside designation. The period of performance for the base award is June 17, 2014 to June 16, 2019, with a new task order covering the period of September 1, 2018 to August 31, 2019. The total potential value of the contract is $192,931,217.61. This contract supports the Department of Education's efforts to administer and service Title IV student financial aid programs.
Description
Critical function base award: 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) for the period of 6/17/2014 to 6/16/2019. Task order: 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) for the period of 09/01/2018 to 08/31/2019. Modification: the purpose of this modification is to create a new task order for contract ED-FSA-09-d-0015 with the period of performance: 9/01/2018 - 8/31/2019, and provide funding for title IV aid servicing through approximately 12/31/2018.
Quick answers
Who was awarded contract 91003118F0348?
91003118F0348 was awarded to Navient Corporation by Office of Federal Student Aid (Department of Education) on September 1, 2018.
How much is contract 91003118F0348 worth?
The government has obligated $143,631,060 on 91003118F0348. Its current value, with exercised options, is $192,931,218.
Is contract 91003118F0348 an order under another contract?
Yes. 91003118F0348 is a delivery order under EDFSA09D0015, an indefinite delivery contract.
Was contract 91003118F0348 competed?
The extent of competition for 91003118F0348 was full and open competition. The government received 4 offers.
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