DEBT COLLECTION SERVICES (Add _2).pdf
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- Attached to
- RFP - DEBT COLLECTION SERVICES - 102423
- Solicitation number
- PE-66061-NONST-2024-000000003
- Issued by
- Fulton County, Georgia
About this file
This document is a Request for Proposals (RFP) issued by the City of College Park, Georgia for Debt Collection Services. The City is seeking a contractor to provide debt collection services for an estimated 100-250 accounts valued at $40,000 per month. The current provider of these services is identified, and the reason for the change is cited as the need to reconcile recovery and collection services. The RFP provides details on the current collection rate of up to 1% and the projected number of delinquent accounts to be placed, which is 1,000 with an average age of 90 days. The document clarifies that this is a debt collection contract, not a construction project.
The RFP outlines the pricing terms, indicating that the current rate setup is up to 1% and the existing vendor and College Park are collecting 0.05% monthly on these accounts. The document does not mention any set-asides or funding requirements and sources. Prospective bidders are advised to review the full RFP for complete details on the scope of work, submission requirements, and evaluation criteria.
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Text version
RFP – DEBT COLLECTION SERVICES - 102423 Page 1
ADVERTISEMENT for CONTRACTUAL SERVICES
RFP – DEBT COLLECTION SERVICES - 102423
ADDENDUM No. 2
OWNER’S BID PROPOSAL FORM
OWNER: City of College Park 3667 Main Street College Park, GA 30337
PROJECT: Debt Collection Services
DATE: October 17, 2023
BID #102423 is hereby revised as instructed throughout attached ADDENDUM No. 2.
This Addendum forms a part of the contract documents and modifies the original bid documents.
The following items shall take precedence over the originally published bid documents for the above-named project and shall become a part of the contract documents.
1. How many accounts do you anticipate placing monthly?
a. Estimated 100 – 250 monthly
2. What is the total $ value of the accounts being placed monthly?
a. $40,000.00
3. Who is the current provider?
a. See RFP
4. Why the reason for a change?
a. Reconciliation of recovery and collection services
5. What’s the current rate setup?
a. Up to 1%
6. What is the amount collected by the existing vendor and college park monthly on these accounts?
a. Currently .005%
7. What the projected number of accounts placed monthly?
a. Estimated 100 – 250 monthly
8. What’s the total number of delinquent accounts to be placed?
a. 1,000
9. What’s the average age of the delinquent accounts to be placed?
a. 90 days
10. What is the amount collected by the existing vendor and college park monthly on these accounts? (liquidation rate)
a. Up to 1%
11. What’s driving the vendor change? (Recovery rate, service, etc)
a. Reconciliation of recovery and collection services
12. I am requesting clarification on RFP 102423. Is this a debt collections contract or construction?
a. See RFP Scope of Work
File details come from the government source that posted it. Updated .