RFP 25-29 Student Financial Collection Services
Closed State & local contract opportunity Posted
- Solicitation number
- 25-29
- State
- Texas
- Responses due
Opportunity facts
- NIGP codes
- 946 Financial Services
- 94633 Collection Services, Financial Debt
- 94649 Financial Services (Not Otherwise Classified)
- 949 Financial Services, Higher Education
- 94925 Financial And Accounting Service, Bonds
- 94926 Financial And Accounting Service, Notes And Loans
- 94960 Return Of Loan Funds, Financial Aid Only
- 95149 Sofc, Rent
- 95150 Subs-State-State-After First $25,000
- 95839 Financial Management Services
- UNSPSC codes
- 64101602 Money market account
- 64101603 Simple checking account
- 64111902 Principal unprotected structured financial product
- 93151609 Lotteries services
- 84101704 Debt collection services
- 64000000 Financial Instruments, Products, Contracts and Agreements
- 64101600 Demand deposit accounts
- 64101601 Interest bearing checking account
- 64101701 Bill paying application
- 64101704 Over draft protection
Show all 35
- 64111801 Allotment or bonus right
- 64111903 Exchange traded fund ETF
- 64111904 Single structured product
- 64111906 Variable annuity
- 93151605 Government finance services
- 84101705 Repossession services
- 64101500 Time deposit accounts
- 64111901 Principal protected structured financial product
- 64101501 Certificate of deposit CD
- 64101502 Simple savings account
- 64101702 Currency exchange application
- 64111802 Subscription right
- 64111804 Warrant
- 84000000 Financial and Insurance Services
- 84100000 Development finance
- 93151510 Administrative fees or tax collection services
- 93151610 Tax collection services
- 64100000 Bank offered products
- 64111800 Entitlements or rights
- 64101700 Electronic fund transfer and payment products
- 64111900 Structured financial products
- 64111803 Purchase right
- 64111905 Over the rainbow structured product
- 64101703 Money transfer application
- 84131614 Underwriting service
- Point of contact
-
- Sara Elkharif sara.elkharif@hccs.edu (713) 718-2574
Opportunity details come from txsmartbuy.com. Updated .
About this opportunity
Houston Community College (HCC) has issued Request for Proposal 25-29 seeking Student Financial Collection Services through an electronic submission process via the Bonfire portal, with proposals due on March 17, 2025 at 2:00 p.m. local time. The procurement targets a comprehensive collection service for delinquent student accounts with balances of at least $300, encompassing installment payment plans, tuition and fee balances, NSF checks, and other outstanding receivables. The proposed contract term spans three years with options for two one-year renewals and potential month-to-month extensions for up to three additional months. Proposing firms will be evaluated on a 100-point scale, with points allocated across four key areas: firm qualifications (30 points), methodology (35 points), past performance (30 points), and small business practices (5 points). A virtual pre-proposal conference is scheduled for February 24, 2025 at 10:00 a.m. to provide additional context and answer potential vendor questions. Contractors must specify their collection fee percentage, which will be added to the original balance owed, and maintain separate escrow accounts for collected funds.
The procurement includes a small business participation component, suggesting potential opportunities for smaller or disadvantaged enterprises. Contractors must obtain a surety bond and comply with Chapter 392.101 of the Texas Finance Code, indicating specific regulatory requirements for participation. The pricing structure requires vendors to propose a collection fee percentage that will be added to the original student balance, creating a transparent mechanism for recovering collection costs. While specific budget ranges are not explicitly stated, the scope suggests potential for a significant contract based on the comprehensive collection services required. The evaluation criteria's emphasis on methodology and past performance indicates HCC's focus on selecting a vendor with proven expertise in student financial collections. Proposing firms will need to demonstrate robust collection strategies, technological capabilities, and a track record of successful student account recovery while maintaining ethical collection practices.
Files
| File | Type | Posted |
|---|---|---|
| ESBD_396490_1739571281757_RFP 25-29 Student Financial Collection Services.pdf |
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