T2769 - Non-Tax Debt Collection: Management and Related Services
Active Contract RFP New Jersey Awarded
- Contract number
- 25-PROS1-124704
- Awardee
- Credit Control Services, Inc.
- Contracting organization
- Division of Purchase and Property
- Contract amount
- Not on record
Award facts
- Completion date
Award details come from njstart.gov. Updated .
About this award
The State of New Jersey's Division of Purchase and Property awarded Contract RFP 25-PROS1-124704 to Credit Control Services, Inc. on May 1, 2026, for a three-year performance period extending through April 30, 2029. The contract establishes a revenue-based compensation structure for debt collection and receivables management services, with contingency rates ranging from 7.8% to 10.1% applied to collected revenue across eight tiered brackets, each spanning $2 million increments from $0 to $14 million and above. This tiered approach incentivizes enhanced collection performance while scaling compensation proportionally to successful outcomes.
Beyond core collection services, the contractor is obligated to provide technology reimbursement and related services as specified in Bid Solicitation Section 4.2.4, Interface Requirements, encompassing system integration and data exchange capabilities. Supporting documentation indicates the engagement involves processing non-tax debts, revenue collections data, and accounts receivable information across multiple state programs, with standardized file layouts and check-by-phone procedures. The cumulative contract value is noted as $0.00, reflecting the contingency-based pricing model wherein final compensation is determined by actual collections performance rather than fixed or estimated contract amounts. All services are to be executed in accordance with State of New Jersey Standard Terms and Conditions.
Line items
| Item | Total |
|---|---|
| 7.8% Contingency Rate for Revenue Dollars Collected from $0 to $2,000,000, Year 1 | — |
| 8.1% Contingency Rate for Revenue Dollars Collected from $2,000,001 to $4,000,000, Year 1 | — |
| 8.5% Contingency Rate for Revenue Dollars Collected from $4,000,001 to $6,000,000, Year 1 | — |
| 8.8% Contingency Rate for Revenue Dollars Collected from $6,000,001 to $8,000,000, Year 1 | — |
| 9.1% Contingency Rate for Revenue Dollars Collected from $8,000,001 to $10,000,000, Year 1 | — |
| 9.5% Contingency Rate for Revenue Dollars Collected from $10,000,001 to $12,000,000, Year 1 | — |
| 9.8% Contingency Rate for Revenue Dollars Collected from $12,000,001 to $14,000,000, Year 1 | — |
| 10.1% Contingency Rate for Revenue Dollars Collected including and above $14,000,001, Year 1 | — |
| Technology Reimbursement and Related Services as specified in Bid Solicitation Section 4.2.4, Interface Requirements, Year 1 | — |
| 7.8% Contingency Rate for Revenue Dollars Collected from $0 to $2,000,000, Year 2 | — |
| 8.1% Contingency Rate for Revenue Dollars Collected from $2,000,001 to $4,000,000, Year 2 | — |
| 8.5% Contingency Rate for Revenue Dollars Collected from $4,000,001 to $6,000,000, Year 2 | — |
| 8.8% Contingency Rate for Revenue Dollars Collected from $6,000,001 to $8,000,000, Year 2 | — |
| 9.1% Contingency Rate for Revenue Dollars Collected from $8,000,001 to $10,000,000, Year 2 | — |
| 9.8% Contingency Rate for Revenue Dollars Collected from $12,000,001 to $14,000,000, Year 2 | — |
| 9.5% Contingency Rate for Revenue Dollars Collected from $10,000,001 to $12,000,000, Year 2 | — |
| 10.1% Contingency Rate for Revenue Dollars Collected including and above $14,000,001, Year 2 | — |
| Technology Reimbursement and Related Services as specified in Bid Solicitation Section 4.2.4, Interface Requirements, Year 2 | — |
| 7.8% Contingency Rate for Revenue Dollars Collected from $0 to $2,000,000, Year 3 | — |
| 8.1% Contingency Rate for Revenue Dollars Collected from $2,000,001 to $4,000,000, Year 3 | — |
| 8.5% Contingency Rate for Revenue Dollars Collected from $4,000,001 to $6,000,000, Year 3 | — |
| 8.8% Contingency Rate for Revenue Dollars Collected from $6,000,001 to $8,000,000, Year 3 | — |
| 9.1% Contingency Rate for Revenue Dollars Collected from $8,000,001 to $10,000,000,Year 3 | — |
| 9.5% Contingency Rate for Revenue Dollars Collected from $10,000,001 to $12,000,000, Year 3 | — |
| 9.8% Contingency Rate for Revenue Dollars Collected from $12,000,001 to $14,000,000, Year 3 | — |
| 10.1% Contingency Rate for Revenue Dollars Collected including and above $14,000,001, Year 3 | — |
| Technology Reimbursement and Related Services as specified in Bid Solicitation Section 4.2.4, Interface Requirements, Year 3 | — |
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Quick answers
Who was awarded contract 25-PROS1-124704?
Contract 25-PROS1-124704 was awarded to Credit Control Services, Inc. by Division of Purchase and Property in New Jersey on May 1, 2026.
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