"critical function" - private collection agency performs collection and administrative resolution activities on debts resulting from non-payment of student loans made under the various federal student…

Ended Awarded Last action

Contract number
0002
Awardee
Awarding agency
Obligated
$223,796,392

Award facts

Contract value 100% obligated
$223,796,392.34 Current and potential, with all options
Completion date 100% complete
Current and potential, with all options
NAICS code
561440 Collection Agencies
Set-aside
Total Small Business
Competition
Full and Open Competition after exclusion of sources · 21 offers Multiple Award, Fair Opportunity
Pricing
Firm Fixed Price
Place of performance
Lowell, AR, USA
Legislative mandates

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Funding Only Action P00056 -$11,266,192
Funding Only Action P00055 $700,000
Funding Only Action P00054 $704,165
Funding Only Action P00053 $16
Funding Only Action P00052 $163,088
Funding Only Action P00051 $89,686
Funding Only Action P00050 $1,367,239
Other Administrative Action P00049 $20,000,000
Funding Only Action P00048 $30,000,000
Other Administrative Action P00047 $0
Funding Only Action P00046 $5,845,000
Funding Only Action P00045 $300,000
Funding Only Action P00044 $22,399,668
Funding Only Action P00043 $8,000,000
Funding Only Action P00042 $21,000,000
Funding Only Action P00041 $18,000,000
Other Administrative Action P00040 $0
Other Administrative Action P00039 $0
Funding Only Action P00038 $15,000,000
Funding Only Action P00037 $300
Funding Only Action P00036 $354,034
Funding Only Action P00035 $12,699,466
Other Administrative Action P00034 -$383,576
Funding Only Action P00033 $7,000,000
Other Administrative Action P00032 $0
Funding Only Action P00031 $15,000,000
Other Administrative Action P00030 $0
Funding Only Action P00029 $10,000,000
Other Administrative Action P00028 $0
Funding Only Action P00027 $7,200,000
Funding Only Action P00026 $515,218
Other Administrative Action P00025 $0
Funding Only Action P00024 $15,000
Exercise an Option P00023 $0
Other Administrative Action P00022 -$119,913
Funding Only Action P00021 $5,232,000
Funding Only Action P00020 $1,000,000
Other Administrative Action P00019 $0
Funding Only Action P00018 $8,000,000
Funding Only Action P00017 $6,000,000
Other Administrative Action P00016 · Private collection agency performs collection and administrative resolution activities on debts resulting from non-payment of student loans made under the… $0
Funding Only Action P00015 $6,000,000
Funding Only Action P00014 $438,485
Other Administrative Action 13 $0
Exercise an Option 12 $2,331,000
Funding Only Action 11 -$540,891
Funding Only Action 10 $8,400,000
Exercise an Option 9 $193,000
Funding Only Action 7 $1,000,000
Other Administrative Action 8 $0
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About this award

Written by GovTribe AI ·

The Department of Education's Office of Federal Student Aid awarded a $223.8 million delivery order to Central Research Inc. under the Defaulted Student Loan Collection Services indefinite delivery contract. Central Research will perform collection and administrative resolution activities on defaulted student loans made through various federal student aid programs. As the prime contractor, Central Research will utilize Account Resolution Group LLC, a self-certified small disadvantaged business, as a subcontractor for rehabilitating defaulted student loan accounts. The delivery order supports the Department's mission of providing students access to postsecondary educational opportunities by administering financial aid programs authorized under Title IV of the Higher Education Act of 1965.

Description

As the agency reported it.

"critical function" - private collection agency performs collection and administrative resolution activities on debts resulting from non-payment of student loans made under the various federal student aid loan programs.

Quick answers

Who was awarded contract 0002?

0002 was awarded to Central Research Inc. by Office of Federal Student Aid (Department of Education) on October 16, 2015.

How much is contract 0002 worth?

The government has obligated $223,796,392 on 0002.

Is contract 0002 an order under another contract?

Yes. 0002 is a delivery order under EDFSA14D0012, an indefinite delivery contract, on Defaulted Student Loan Collection Services.

Was contract 0002 competed?

The extent of competition for 0002 was full and open competition after exclusion of sources. The government received 21 offers. It was set aside: Total Small Business.

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