"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
$453,981,449

Award facts

Contract value 100% obligated
$453,981,448.95 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
Geneseo, NY 14454, USA
Legislative mandates

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Funding Only Action P00051 -$5,447,037
Funding Only Action P00050 $700,000
Funding Only Action P00049 $707,035
Funding Only Action P00048 $3,839
Funding Only Action P00047 $145,325
Funding Only Action P00046 $142,849
Funding Only Action P00045 $965,900
Funding Only Action P00044 $10,000,000
Funding Only Action P00043 $50,000,000
Other Administrative Action P00042 $0
Funding Only Action P00041 $1,650,000
Funding Only Action P00040 $19,748,370
Funding Only Action P00039 $25,000,000
Funding Only Action P00038 $30,000,000
Funding Only Action P00037 $25,000,000
Funding Only Action P00036 $35,000,000
Funding Only Action P00035 $1,322,911
Other Administrative Action P00034 $0
Funding Only Action P00033 $21,692,866
Other Administrative Action P00032 -$5,747,523
Funding Only Action P00031 $20,000,000
Funding Only Action P00030 $10,000,000
Other Administrative Action P00029 $0
Funding Only Action P00028 $28,000,000
Other Administrative Action P00027 $0
Funding Only Action P00025 $30,000,000
Other Administrative Action P00026 $0
Funding Only Action P00001 $8,696
Funding Only Action P00024 $27,000
Exercise an Option P00023 $0
Other Administrative Action P00022 -$322,599
Funding Only Action P00021 $12,418,000
Other Administrative Action P00020 $0
Other Administrative Action P00019 $0
Funding Only Action P00018 $20,000,000
Funding Only Action P00017 · Private collection agency performs collection and administrative resolution activities on debts resulting from non-payment of student loans made under the… $22,000,000
Other Administrative Action P00016 $0
Funding Only Action P00015 $25,000,000
Funding Only Action P00014 · Private collection agency performs collection and administrative resolution activities on debts resulting from non-payment of student loans made under the… $546,865
Exercise an Option 13 $13,335,000
Funding Only Action 12 -$4,185,152
Funding Only Action 11 $15,000,000
Other Administrative Action 10 $0
Funding Only Action 9 $25,200,000
Other Administrative Action 8 $0
Exercise an Option 7 $5,023,000
Funding Only Action 6 $8,000,000
Other Administrative Action 5 $0
Funding Only Action 4 $2,046,105
Other Administrative Action 3 $0
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About this award

Written by GovTribe AI ·

This is a delivery order contract awarded by the Department of Education Office of Federal Student Aid to Coast Professional, Inc., a call center services company, to perform collection and administrative resolution activities on debts resulting from non-payment of federal student loans. The contract has a total potential value of $453,981,448.95 and was set aside for small businesses.

Coast Professional, Inc. will utilize several subcontractors to assist with the contract, including Emergency Planning Management Inc. (EPM), RMS - Recovery Management Services, Inc., National Recovery Solutions, LLC, and Revcrest, Inc. The contract was awarded on October 16, 2015 and has a completion date of September 30, 2024. This contract is part of the Department of Education's Defaulted Student Loan Collection Services program, which aims to recover outstanding federal student loan debts.

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

How much is contract 0002 worth?

The government has obligated $453,981,449 on 0002.

Is contract 0002 an order under another contract?

Yes. 0002 is a delivery order under EDFSA14D0020, 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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