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 Purchase Order Awarded
- Contract number
- 91003120P0001
- Awardee
-
FMS Investment Corp UEI TRQ9F8XHQLB9
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Obligated
- $8,000,000
Award facts
- Contract value 100% obligated
- $8,000,000.00 Current and 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
- Not Competed under SAP · 1 offer Simplified Acquisition
- Pricing
- Firm Fixed Price
- Place of performance
- Rolling Meadows, IL 60008, USA
Award details come from SAM.gov/FPDS.
About this award
The Department of Education Office of Federal Student Aid awarded a $8,000,000.00 Firm Fixed Price Purchase Order to FMS Investment Corp, doing business as Financial Management Systems, to perform collection and administrative resolution activities on debts resulting from non-payment of student loans made under the various Federal Student Aid Loan Programs. The contract does not have a set-aside designation and was completed on December 19, 2019. FMS Investment Corp is a for-profit organization that will provide these services from its location in Rolling Meadows, Illinois.
Quick answers
Who was awarded contract 91003120P0001?
91003120P0001 was awarded to FMS Investment Corp by Office of Federal Student Aid (Department of Education) on December 5, 2019.
How much is contract 91003120P0001 worth?
The government has obligated $8,000,000 on 91003120P0001.
Was contract 91003120P0001 competed?
The extent of competition for 91003120P0001 was not competed under sap. The government received 1 offer.
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