T2769 Bid Amendment 1 5.2.25~1.docx
DOCX document 74 KB Posted
- Solicitation number
- 25DPP01127
- Issued by
- New Jersey
About this file
This document is a Bid Amendment #1 issued by the New Jersey Department of the Treasury's Division of Purchase and Property for Bid Solicitation #25DPP01127 regarding Non-Tax Debt Collection: Management and Related Services. The amendment extends the quote submission due date from May 14, 2025, to June 5, 2025, at 2:00 p.m. Eastern Time. An optional pre-quote conference was previously held on April 4, 2025, with seven firms in attendance, including TSI, Professional Credit, AllianceOne Receivable Solutions, Harris & Harris, Penn Credit Corporation, Transworld Systems, Inc., and CCS Companies.
The contract seeks a single contractor to collect non-tax debt receivables from various state agencies after the 91st calendar day of debt recording, with a total accounts receivable of $2,480,582,274.25. The procurement will use a contingency rate model where the contractor is compensated through a percentage of collected debt, with rates increasing based on annual collection amounts. The contract includes set-asides and preferences for Small Businesses and Disabled Veteran-Owned Businesses, potentially offering a 5% pricing preference. The contract term is three years with potential two-year extensions, and requires strict information security compliance, including a comprehensive Third-Party Information Security Questionnaire covering 30 security control areas and mandating SOC2 Type II audit reports and privacy policy documentation.
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Text version
PHILIP D. MURPHY
Governor State of New Jersey
DEPARTMENT OF THE TREASURY
DIVISION OF PURCHASE AND PROPERTY
PROCUREMENT BUREAU
33 WEST STATE STREET
P. O. BOX 230
TRENTON, NEW JERSEY 08625-0230
ELIZABETH MAHER MUOIO
State Treasurer
TAHESHA L. WAY
Lt. Governor
AMY F. DAVIS, ESQ.
Director https://www.njstart.gov
May 2, 2025
To: All Interested Bidders
Re: Bid Solicitation # 25DPP01127 T2769 - Non-Tax Debt Collection: Management and Related Services
Previous Quote Submission Due Date: May 14, 2025 (2:00 p.m. Eastern Time) Revised Quote Submission Due Date: June 5, 2025 (2:00 p.m. Eastern Time)
Bid Amendment #1
The following constitutes Bid Amendment #1 to the above referenced Bid Solicitation:
· This Bid Amendment extends the Quote Submission due date from May 14, 2025, to June 5, 2025 (2:00 p.m. Eastern Time);
· A Bid Amendment addressing responses to electronic Bidder Questions submitted will be posted at a later date; and
· An Optional Pre-Quote Conference was held on April 4, 2025. There were seven (7) firms in attendance:
· TSI;
· Professional Credit;
· AllianceOne Receivable Solutions;
· Harris & Harris;
· Penn Credit Corporation;
· Transworld Systems, Inc.; and
· CCS Companies.
It is the sole responsibility of the Bidder to be knowledgeable of all of the additions, deletions, clarifications, and modifications to the Bid Solicitation and/or the New Jersey Standard Terms and Conditions relative to this Bid Solicitation as set forth in all Bid Amendments.
All other instructions, terms, and conditions of the Bid Solicitation shall remain the same.
New Jersey Is an Equal Opportunity Employer • Printed on Recycled and Recyclable Paper image1.png
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