T2769 Bid Amendment 4 6.30.25.docx

This document is Bid Amendment #4 for Bid Solicitation #25DPP01127 issued by the New Jersey Department of the Treasury's Division of Purchase and Property, addressing a Non-Tax Debt Collection contract. The amendment extends the quote submission due date from July 10, 2025, to July 24, 2025, at 2:00 p.m. Eastern Time. The procurement seeks a single contractor to manage non-tax debt collection services for various state agencies, with responsibilities including skip-tracing, debtor contact, payment processing, reporting, and potential litigation services. The contract will cover debt collection after the 91st calendar day following debt recording, spanning multiple state departments such as Agriculture, Banking and Insurance, Children and Families, and Corrections.

The contract will utilize a contingency rate model, where the contractor is compensated through a percentage of collected debt, with rates increasing based on annual collection amounts. 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 a 5% pricing preference to encourage diverse vendor participation. Strict information security requirements are mandated, including a comprehensive Third-Party Information Security Questionnaire covering 30 security control areas. Vendors must provide detailed security documentation, including SOC2 Type II audit reports and privacy policies, with a strong emphasis on confidentiality and compliance with the Federal Fair Debt Collection Practices Act.