Perkins Recompete
Closed Pre-Solicitation Posted
- Solicitation number
- 91003124RFI0001
- Agency
-
Department of Education
- Responses due
- Set-aside
- Total Small Business
Opportunity facts
- NAICS code
- 522110 Commercial Banking
- PSC
- R710 Support- Management: Financial
- Place of performance
- Washington, District of Columbia 20002, United States
Notice details come from SAM.gov. Updated .
About this opportunity
The Department of Education seeks a contractor to service the Federal Perkins Loan portfolio, which includes approximately 1.9 million school-held loans and 525,000 non-defaulted loans held by the Department. The contractor must develop an electronic loan servicing system to manage the portfolio, process loan assignments from institutions, and accommodate increased volume from loan liquidations. Responses to the RFI are due by December 12, 2023 and will be evaluated based on the vendor's capabilities to meet the technical and functional requirements.
This requirement has been set aside for small businesses under NAICS 522110 for commercial banking. The incumbent contractor is Educational Computer Systems, Inc. The anticipated follow-on award is for a base period of five years with four additional one-year options, and will require servicing over 2.4 million loans. Key details include that 90% of assigned loans are expected to default, and the contractor must comply with all applicable regulations and the Department's IT security and records management standards.
Notice text
This is a Request for Information (RFI) to determine available sources and their capability to provide the product or service described below. This RFI does not constitute a solicitation and is not an indication the Government will contract for any of the items and services discussed in this notice. Submission of a response to this RFI is entirely voluntary. The voluntary submissions of answers to this RFI shall not obligate the Department of Education (DoEd) Federal Student Aid (FSA) to pay or entitle the submitter of information to claim any direct or indirect costs, charges, or other compensation whatsoever. This contract was previously awarded to a small business using NAICS 522110 – Commercial Banking. The re-competed effort is anticipated to be awarded to a small business under the same NAICS.
Any information considered proprietary should be noted via appropriate markings. The Government will use such information only to inform and support any potential solicitation and contract or for such other purposes as described below.
The purpose of this RFI is to gain information on current industry capabilities for developing an electronic, secure full spectrum loan servicing system to allow for the management of the current Federal Perkins portfolio held at the Department, the submission, processing, and validation of assignment data (single loan and multiple loan batches) from institutions and/or third-party contractors to support the requirements and design approved by FSA. The result of which will allow the recording and storing of all loan assignment activities for each loan including the upload and storage of loan documents; and which will permit querying and report creation of all loan assignment data.
Files
| File | Type | Posted |
|---|---|---|
| Amendment 0001 RFI Perkins Recompete 12042023.docx | DOCX document | |
| RFI_Perkins Recompete_Final 112023.docx | DOCX document | |
| Perkins Loan Performance Work Statement_DRAFT_11132023.docx | DOCX document |
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