"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
$104,190,900

Award facts

Contract value 100% obligated
$104,190,900.05 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
Greenwood Village, CO 80111, USA
Legislative mandates

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Funding Only Action P00051 $350,000
Funding Only Action P00050 $347,680
Funding Only Action P00049 $148,407
Funding Only Action P00048 $51,297
Funding Only Action P00047 $1,005,127
Funding Only Action P00046 $3,000,000
Other Administrative Action P00045 $10,000,000
Funding Only Action P00044 $9,000,000
Other Administrative Action P00043 $0
Funding Only Action P00042 $60,000
Funding Only Action P00041 $40,000
Funding Only Action P00040 $6,634,000
Funding Only Action P00039 $5,000,000
Funding Only Action P00038 $12,000,000
Funding Only Action P00037 $12,000,000
Funding Only Action P00036 $7,000,000
Funding Only Action P00035 $1,040,217
Other Administrative Action P00034 $0
Funding Only Action P00033 $180,000
Funding Only Action P00032 $1,567,921
Other Administrative Action P00031 -$672,082
Other Administrative Action P00030 $0
Other Administrative Action P00029 $0
Funding Only Action P00028 $10,000,000
Other Administrative Action P00027 $0
Funding Only Action P00026 $4,000,000
Other Administrative Action P00025 $0
Other Administrative Action P00024 $0
Funding Only Action P00023 $5,000,000
Other Administrative Action P00022 $0
Funding Only Action P00021 $4,000,000
Other Administrative Action P00020 $0
Funding Only Action P00019 $27,000
Exercise an Option P00018 $0
Other Administrative Action P00017 -$389,047
Funding Only Action P00016 $35,000
Funding Only Action P00015 $578,000
Funding Only Action P00014 $3,500,000
Other Administrative Action P00013 $0
Funding Only Action P00012 · Private collection agency performs collection and administrative resolution activities on debts resulting from non-payment of student loans made under the… $3,000,000
Funding Only Action P00011 $3,000,000
Funding Only Action P00010 $43,380
Exercise an Option 9 $92,000
Funding Only Action 8 -$452,006
Other Administrative Action 7 $0
Other Administrative Action 6 $0
Funding Only Action 5 $2,100,000
Other Administrative Action 4 $0
Exercise an Option 3 $6
Exercise an Option 2 $452,000
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About this award

Written by GovTribe AI ·

This is a federal contract awarded by the U.S. Department of Education's Office of Federal Student Aid (FSA) to Professional Bureau of Collections of Maryland, Inc. (PBC) for $104,190,900.05 to provide critical collection and administrative resolution activities on debts resulting from non-payment of student loans under various federal student aid programs.

The contract was awarded under the Defaulted Student Loan Collection Services IDIQ vehicle on July 29, 2016, with a period of performance through September 30, 2024. It is a firm-fixed-price Delivery Order contract that was set aside for total small business participation.

PBC has subcontracted portions of the work to five small business firms, including Lien Enforcement, Inc., Premiere Credit of North America, LLC, Teffia Inc., Loanwise LLC, and Central Portfolio Control Inc. The contract has a wide geographic scope, with the place of performance listed as Greenwood Village, CO.

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 Professional Bureau Of Collections Of Maryland, Inc. by Office of Federal Student Aid (Department of Education) on July 29, 2016.

How much is contract 0002 worth?

The government has obligated $104,190,900 on 0002.

Is contract 0002 an order under another contract?

Yes. 0002 is a delivery order under EDFSA14D0015, 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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