T2769 Bid Amendment 2 5.28.25.docx

This document is a Bid Amendment issued by the New Jersey Department of the Treasury's Division of Purchase and Property for Bid Solicitation #25DPP01127, specifically for Non-Tax Debt Collection: Management and Related Services. The amendment extends the original quote submission due date from June 5, 2025, to June 24, 2025, at 2:00 p.m. Eastern Time. The procurement seeks a single contractor to collect non-tax debt receivables from various state agencies after the 91st calendar day following debt recording, with services including skip-tracing, debtor contact, payment processing, reporting, and potential litigation across multiple state departments.

The contract will utilize a contingency rate model, where the contractor is compensated through a percentage of collected debt, with rates escalating based on total dollars collected annually. The total accounts receivable across state departments is $2,480,582,274.25. The solicitation includes set-asides and preferences for Small Businesses and Disabled Veteran-Owned Businesses, potentially offering 5% pricing preferences to encourage diverse vendor participation. The contract has a base three-year term with potential extensions up to two additional years. Strict information security requirements are mandated, including completion of a detailed Third-Party Information Security Questionnaire and compliance with the Federal Fair Debt Collection Practices Act, emphasizing confidentiality and data protection.