JUSTIFICATION FOR OTHER THAN FULL AND OPEN COMPETITION – Perkins Loan Servicing: FAR 6. 302-7 Public Interest
Awarded Limited / Sole Source Justification Posted
- Solicitation number
- ED-FSA-13-D-0003_P00073
- Agency
-
Contracts and Acquisition Management
Department of Education
- Set-aside
- No set-aside
Opportunity facts
- Contract number
- EDFSA13D0003-91003123F0306 Federal contract award
- NAICS code
- 522110 Commercial Banking
- PSC
- R710 Support- Management: Financial
- Place of performance
- Coraopolis, Pennsylvania 15108, United States
- Points of contact
Notice details come from SAM.gov. Updated .
About this opportunity
This Limited/Sole Source Justification Notice is for a non-competitive contract issued by the Department of Education's Federal Student Aid (FSA) office to Educational Computer Systems, Inc. (ECSI) for the continued servicing of federally held Perkins loans. The justification cites public interest, as a lapse in service would harm over 400,000 borrowers and a $2.6 billion portfolio. FSA issued a Request for Information but determined potential small business sources would need extended time to modify their platforms to support Perkins. The proposed 6-month base contract with two 3-month options has an estimated value of $19,587,184. FSA has commenced a small business competitive recompete for these Perkins loan servicing requirements, with an anticipated award in September 2024.
Notice text
In accordance with FAR 6.305 the justification for other than full and open competition is provided for the award to Educational Computer Systems, Inc. of work for the continued servicing of federally held Perkins loans.
Awarded contract EDFSA13D0003 to unknown vendor for unknown amount on 2024-07-31.
Files
| File | Type | Posted |
|---|---|---|
| Perkins JOFOC Signed.pdf |
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