The North American Industry Classification System (NAICS) code 561440 for Collection Agencies encompasses services related to debt recovery, accounts receivable management, and financial collection activities. These services involve tracking, collecting, and recovering outstanding debts and financial obligations for various organizations, including federal government agencies. Collection agencies typically employ methods such as direct communication, legal strategies, asset searches, negotiations, and litigation to facilitate debt resolution. Federal contract awards under this NAICS code demonstrate a range of debt recovery and financial collection services, with contract values predominantly between $10,000 and $6,278,913, and performance periods ranging from several months to nearly five years. Key agencies awarding these contracts include the Export Import Bank, Centers for Medicare and Medicaid Services, Department of State, and Department of Health and Human Services. Frequent contractors include Performant Recovery, Inc., Global Recovery Group, LLC, Pioneer Credit Recovery, Inc., and Coast Professional, Inc. Most awards are firm fixed-price contracts without specific set-aside designations, though some small business and Native American enterprise set-asides were observed. Performance locations span domestic and international settings, with significant work supporting diplomatic missions and federal healthcare programs. The recent federal contract opportunities highlight sophisticated recovery audit and debt collection initiatives, particularly for government agencies. The Centers for Medicare and Medicaid Services is seeking Recovery Audit Contractors to review and correct Medicare Fee-for-Service claims across multiple regions, with an anticipated contract period from May 2025 to October 2033. The Export Import Bank has posted a special notice for a worldwide debt recovery follow-on contract, focusing on continuing legal recovery services for existing defaulted loans. These opportunities emphasize comprehensive claims review, improper payment detection, asset recovery, and complex financial reconciliation services across various governmental domains.
Name | Description | Awardee | Potential Value (Click to sort descending) | Award Date (Click to sort descending) | Last Date To Order (Click to sort descending) | Updated At (Click to sort descending) |
|---|---|---|---|---|---|---|
GS23F051CA | DTG Holdings, Inc. | $475.0k | 5/11/15 | 5/10/20 | 2/4/20 | |
VBPA6180206 | Accelerated Resource Management, Inc. | $1.3m | 10/1/05 | 9/30/10 | 8/19/05 | |
GS23F046CA | Texas Guaranteed Student Loan Corporation | $650.0k | 4/16/15 | 4/15/20 | 5/7/19 | |
SEG30013A0052 | Miscellaneous Foreign Awardees | $0 | 12/31/12 | 12/31/13 | 1/20/13 | |
HHSI241201200013I | Transworld Systems Inc. | $119.7k | 12/8/11 | 12/31/16 | 6/16/15 |
Name | Description | Awardee | Potential Value (Click to sort descending) | Award Date (Click to sort descending) | Completion Date (Click to sort descending) | Updated At (Click to sort descending) |
|---|---|---|---|---|---|---|
Delivery Order VBPA6180206-V438C60230 | Accelerated Resource Management, Inc. | $2.0k | 12/1/05 | 12/31/05 | 12/1/05 | |
Purchase Order HSCEMS08P00056 | State Of Illinois Toll Highway Authority | $118 | 12/31/07 | 9/30/08 | 12/17/12 | |
Delivery Order BPA01126-29000200203CBW0200634BPA01126 |
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| Sher Associates, Inc. | $0 | 3/15/02 | 3/15/02 | 3/15/02 |
Delivery Order V244P00288-V646C80311A | Cbfi LLC | $1.7k | 4/1/08 | 4/30/08 | 4/1/08 | |
Purchase Order SEG30014M0316 | Miscellaneous Foreign Awardees | $20.2k | 3/4/14 | 6/1/15 | 3/1/15 |
Name | Description | Solicitation Number | Federal Agency | Type | Posted Date (Click to sort descending) |
|---|---|---|---|---|---|
Recovery Audit Contractor (RAC) Regions 3, 4, & 5 | 75FCMC25RJ003 | Department of Health and Human Services Centers for Medicare and Medicaid Services | Solicitation 1/1 | 11/22/24, 10:04 AM | |
Worldwide Debt Recovery - Follow-on | 83310125Q0003 | Export Import Bank of the US | Special Notice 1/1 | 12/2/24, 12:28 PM | |
Part A/B Medicare Fee-for-Service Recovery Audit Contractor (RAC) – Region 1 | RAC_Region_1 | Department of Health and Human Services Centers for Medicare and Medicaid Services | Pre-Solicitation 1/2 | 10/6/20, 3:17 PM | |
Limited Sources Justification PCA Services Bridge Coast | RFQ-FSA-48130100-24-002 | Department of the Treasury Bureau of the Fiscal Service | Limited / Sole Source Justification 1/1 | 2/16/24, 12:31 PM | |
Debt Collection Services | Department of Health and Human Services Indian Health Service | Award Notice 1/1 | 11/14/16, 9:28 AM |
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