"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
EDFSA15O0028
Awardee
Awarding agency
Obligated
$284,215,604

Award facts

Contract value 100% obligated
$284,215,604.96 Current and potential, with all options
Completion date 100% complete
Current and potential, with all options
Set-aside
No set-aside
Competition
Full and Open Competition · 1 offer Multiple Award, Fair Opportunity
Pricing
Firm Fixed Price
Place of performance
Bethesda, MD 20814, USA

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Close Out P00046 -$8,394,404
Other Administrative Action P00045 -$3,529,072
Funding Only Action P00044 $15,000,000
Funding Only Action P00043 $24,000,000
Funding Only Action P00042 $982,889
Other Administrative Action P00041 $0
Other Administrative Action P00040 -$1,742,274
Other Administrative Action P00038 $0
Funding Only Action P00039 $18,844,000
Funding Only Action P00037 $35,000,000
Other Administrative Action P00036 $0
Other Administrative Action P00035 $0
Funding Only Action P00034 $32,000,000
Funding Only Action P00033 · Private collection agency performs collection and administrative resolution activities on debts resulting from non-payment of student loans made under the… $225,320
Other Administrative Action 32 $0
Funding Only Action 31 $13,521,000
Supplemental Agreement for work within scope 30 $0
Supplemental Agreement for work within scope 29 $0
Funding Only Action 28 -$2,025,454
Funding Only Action 27 $15,000,000
Other Administrative Action 26 $0
Funding Only Action 25 $56,000,000
Funding Only Action 24 $5,427
Funding Only Action 23 $2,916,000
Funding Only Action 22 $6,528,510
Funding Only Action 21 $15,000,000
Other Administrative Action 20 $0
Other Administrative Action 19 $0
Other Administrative Action 18 -$16,720,640
Funding Only Action 17 $10,000,000
Other Administrative Action 16 $0
Other Administrative Action 12 $0
Funding Only Action 15 $10,000,000
Other Administrative Action 14 $0
Other Administrative Action 13 $0
Funding Only Action 11 $8,000,000
Funding Only Action 10 -$12,697
Other Administrative Action 9 $0
Funding Only Action 8 $16,610,000
Other Administrative Action 7 $0
Definitize Change Order 6 $160,000
Funding Only Action 5 $17,167,000
Change Order 4 $0
Funding Only Action 3 $19,680,000
Other Administrative Action 2 $0
Other Administrative Action 1 $0
Original award $0
Show all 47

About this award

Written by GovTribe AI ·

This federal contract award, with an ID of GS23F0063J|EDFSA15O0028, was issued by the U.S. Department of Education's Office of Federal Student Aid to FMS Investment Corp, a for-profit organization doing business as Financial Management Systems. The contract, valued at $284,215,604.96, is a delivery order under the General Services Administration's Professional Services Schedule (PSS).

The contract is for "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. This contract does not have a set-aside designation. The award date was April 22, 2015, and the ultimate completion date is April 21, 2017.

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 EDFSA15O0028?

EDFSA15O0028 was awarded to FMS Investment Corp by Office of Federal Student Aid (Department of Education) on April 22, 2015.

How much is contract EDFSA15O0028 worth?

The government has obligated $284,215,604 on EDFSA15O0028. Its current value, with exercised options, is $284,215,605.

Is contract EDFSA15O0028 an order under another contract?

Yes. EDFSA15O0028 is a delivery order under GS23F0063J, a federal supply schedule, on The Professional Services Schedule (PSS).

Was contract EDFSA15O0028 competed?

The extent of competition for EDFSA15O0028 was full and open competition. The government received 1 offer.

On GovTribe

See this award's full record

  • Every transaction and funding action
  • The awardee's other awards and teaming partners
  • Similar awards and recompete opportunities
  • Ask GovTribe AI about this award
Try for free Login