"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
$364,845,524

Award facts

Contract value 100% obligated
$364,845,523.94 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
Poughkeepsie, NY, USA
Legislative mandates

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Funding Only Action P00055 -$2,161,756
Funding Only Action P00054 $650,000
Funding Only Action P00053 $674,843
Funding Only Action P00052 $519
Funding Only Action P00051 $109,416
Funding Only Action P00050 $95,018
Funding Only Action P00049 $766,423
Funding Only Action P00048 $10,000,000
Funding Only Action P00047 $28,000,000
Other Administrative Action P00046 $0
Funding Only Action P00045 $17,556,670
Funding Only Action P00044 $21,000,000
Funding Only Action P00043 $12,000,000
Funding Only Action P00042 $20,000,000
Other Administrative Action P00041 $0
Funding Only Action P00040 $22,218,000
Funding Only Action P00039 $20,420,769
Other Administrative Action P00038 -$2,140,380
Funding Only Action P00037 $4,000,000
Other Administrative Action P00036 $0
Other Administrative Action P00035 $0
Funding Only Action P00034 $15,000,000
Other Administrative Action P00033 $0
Funding Only Action P00032 $17,000,000
Funding Only Action P00031 $14,000,000
Other Administrative Action P00030 $0
Funding Only Action P00029 $19,000,000
Funding Only Action P00028 $287,412
Funding Only Action P00027 $20,000
Exercise an Option P00026 $0
Other Administrative Action P00025 -$4,040,682
Other Administrative Action P00024 $11,651,000
Other Administrative Action P00023 $0
Other Administrative Action P00021 $0
Funding Only Action P00022 $20,000,000
Funding Only Action P00020 · Private collection agency performs collection and administrative resolution activities on debts resulting from non-payment of student loans made under the… $17,000,000
Other Administrative Action P00019 $0
Funding Only Action P00018 · Private collection agency performs collection and administrative resolution activities on debts resulting from non-payment of student loans made under the… $20,000,000
Exercise an Option 17 $17,939,000
Funding Only Action 16 -$8,000,000
Other Administrative Action 15 $0
Funding Only Action 14 -$1,712,106
Funding Only Action 13 $600,000
Funding Only Action 12 $12,000,000
Other Administrative Action 11 $0
Funding Only Action 10 $25,200,000
Exercise an Option 9 $3,329,000
Exercise an Option 8 $8,000,000
Funding Only Action 7 $3,382,378
Other Administrative Action 6 $0
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About this award

Written by GovTribe AI ·

This is a delivery order contract awarded by the U.S. Department of Education's Office of Federal Student Aid to Immediate Credit Recovery, Inc., a small business, for $364,845,523.94. The contract is for critical collection and administrative resolution activities on debts resulting from non-payment of federal student loans.

The contract has a set-aside for small businesses and contains subcontracts with several other companies, including HS Financial Group, LLC, Texas Guaranteed Student Loan Corporation (doing business as Trellis Company), FMS Investment Corp, The CBE Group, Inc., Steel River Systems LLC, Pacific Point Services, LLC, and Capital Alliance Solutions, Inc. The subcontractors will assist with performing default collection services. This contract is part of the Defaulted Student Loan Collection Services master contract vehicle, which allows the Department of Education to acquire these critical services.

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 Immediate Credit Recovery, Inc. by Office of Federal Student Aid (Department of Education) on October 16, 2015.

How much is contract 0002 worth?

The government has obligated $364,845,524 on 0002.

Is contract 0002 an order under another contract?

Yes. 0002 is a delivery order under EDFSA14D0017, 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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