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.
Ended Awarded Last action
- Contract number
- 0001
- Awardee
-
Transworld Systems Inc. UEI G5U7RMFCTM75
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Obligated
- $3,560,000
Award facts
- Contract value 1% obligated
-
- $3,560,000.00 Current, with exercised options
- $420,660,002.00 Potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 561440 Collection Agencies
- PSC
- R705 Support- Management: Debt Collection
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 7 offers Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Place of performance
- Fort Washington, PA, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | $0 | |
| Funding Only Action | $3,560,000 | |
| Original award | $0 |
About this award
This is a firm-fixed price delivery order awarded by the U.S. Department of Education Office of Federal Student Aid to Transworld Systems Inc., a for-profit organization, to perform collection and administrative resolution activities on debts resulting from non-payment of student loans made under various federal student aid loan programs. The contract has a potential value of $420,660,002.00 and was awarded on April 26, 2017 with a completion date of May 31, 2020. The contract is not set aside for any specific business type. It is associated with the Debt Collection Services master indefinite-delivery, indefinite-quantity (IDIQ) contract vehicle.
Quick answers
Who was awarded contract 0001?
0001 was awarded to Transworld Systems Inc. by Office of Federal Student Aid (Department of Education) on April 26, 2017.
How much is contract 0001 worth?
The government has obligated $3,560,000 on 0001. Its potential value, with all options, is $420,660,002.
Is contract 0001 an order under another contract?
Yes. 0001 is a delivery order under EDFSA17D0009, an indefinite delivery contract, on Debt Collection Services.
Was contract 0001 competed?
The extent of competition for 0001 was full and open competition. The government received 7 offers.
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