"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
$225,354,195

Award facts

Contract value 100% obligated
$225,354,195.39 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 · 22 offers Multiple Award, Fair Opportunity
Pricing
Firm Fixed Price
Place of performance
Defiance, OH 43512, USA
Legislative mandates

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Funding Only Action P00055 -$21,022,219
Funding Only Action P00054 $3,857,724
Funding Only Action P00053 $14,038
Funding Only Action P00052 $568,246
Funding Only Action P00051 $392,302
Funding Only Action P00050 $275
Funding Only Action P00049 $87,960
Funding Only Action P00048 $79,052
Funding Only Action P00047 $645,445
Funding Only Action P00046 $20,000,000
Funding Only Action P00045 $26,000,000
Other Administrative Action P00044 $0
Funding Only Action P00043 $17,000
Funding Only Action P00042 $21,278,144
Funding Only Action P00041 $15,000,000
Other Administrative Action P00040 $0
Funding Only Action P00039 $15,000,000
Funding Only Action P00038 $10,000,000
Funding Only Action P00037 $15,163,000
Funding Only Action P00036 $32,300
Other Administrative Action P00035 $0
Funding Only Action P00034 $14,626,011
Other Administrative Action P00033 -$777,890
Funding Only Action P00032 $6,000,000
Other Administrative Action P00031 $0
Funding Only Action P00030 $20,000,000
Other Administrative Action P00029 $0
Funding Only Action P00028 $10,000,000
Other Administrative Action P00027 $0
Funding Only Action P00026 $12,000,000
Funding Only Action P00025 $1,248,992
Funding Only Action P00024 $25,000
Exercise an Option P00023 $0
Other Administrative Action P00022 -$320,363
Funding Only Action P00021 $6,142,000
Funding Only Action P00020 $10,000,000
Funding Only Action P00019 · Private collection agency performs collection and administrative resolution activities on debts resulting from non-payment of student loans made under the… $9,000,000
Funding Only Action P00018 $9,000,000
Funding Only Action P00017 $141,645
Other Administrative Action ADM $0
Funding Only Action 16 $5,007,000
Funding Only Action 15 -$281,441
Funding Only Action 14 $5,000,000
Other Administrative Action 13 $0
Other Administrative Action 12 $0
Funding Only Action 11 $8,400,000
Funding Only Action 10 $476
Other Administrative Action 9 $0
Exercise an Option 8 $731,000
Exercise an Option 7 $1,000,000
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About this award

Written by GovTribe AI ·

This indefinite delivery, indefinite quantity contract with a potential value of $225,354,195.39 was awarded by the Department of Education's Office of Federal Student Aid to Mammoth TECH Inc., doing business as Credit Adjustments, as the prime contractor. The contract supports the Department's Defaulted Student Loan Collection Services master contract and involves the prime and eleven subcontractors performing collection and administrative resolution activities on defaulted student loans made under various federal student aid loan programs. Key small business subcontractors include the Texas Guaranteed Student Loan Corporation, HS Financial Group, PMC Integrity, and the Great Atlantic Group. All contractors are tasked with providing excellent customer service to student loan borrowers to assist in the rehabilitation or resolution of their defaulted loans. The prime contractor and subcontractors will perform these critical defaulted loan functions through September 2024 at locations in Ohio and elsewhere.

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 Mammoth TECH Inc. by Office of Federal Student Aid (Department of Education) on October 16, 2015.

How much is contract 0002 worth?

The government has obligated $225,354,195 on 0002.

Is contract 0002 an order under another contract?

Yes. 0002 is a delivery order under EDFSA14D0013, 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 22 offers. It was set aside: Total Small Business.

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