Indefinite Delivery Contract 9531CB22D0003

Award Date 9/21/22
Last Date to Order 9/20/27
Federal Contract Vehicle
Pricing Type
Firm Fixed Price
Legislative Mandate
Service Contract Inventory
National Interest Action
None
Award Type
Multiple
Primary Consortia Member
Not listed
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  • 9531CB22D0003
    Indefinite Delivery Contract
  • 7
    Federal Contract Awards

The Consumer Financial Protection Bureau (CFPB) has awarded a $50 million, 5-year multiple-award Indefinite Delivery/Indefinite Quantity (IDIQ) contract to Epiq Class Action & Claims Solutions, Inc., a subsidiary of Epiq Systems, Inc., for Fund and Redress Administration services. Under this IDIQ, Epiq has received numerous task orders to support the CFPB's consumer protection enforcement actions, with individual task order values ranging from approximately $100,000 to over $1 million. Epiq has also been awarded a $1 million, 5-year single-award Blanket Purchase Agreement (BPA) with the Federal Trade Commission to provide claims administration and funds distribution services for consumer redress resulting from FTC enforcement actions.

The CFPB's original solicitation sought contractors to establish IDIQ contract vehicles to provide third-party redress services, including developing distribution plans, identifying victims, processing claims, providing consumer assistance, preparing and mailing payments, and reporting. Services will be performed within the United States, and individual task order values may range from $5-25 million annually depending on the number of victims and total redress amounts for specific matters. Epiq, with its expertise in managing complex settlement administration programs, has been the primary awardee under these CFPB and FTC contract vehicles to efficiently deliver relief to consumers harmed by unfair or deceptive practices.

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