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This Government Contract opportunity from Department Of Education was posted on December 26, 2023. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

Legacy Loan Services Contract - PHEAA

Awarded
Legacy_Awards_EDFSA09D0014Federal

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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NAICS: 522390
Federal
VA Loan Servicing
Solicitation # 36C10X27R0002
The Department of Veterans Affairs, through the Strategic Acquisition Center in Frederick, Maryland, has issued a draft solicitation for the Portfolio Loan Servicing Contract (PLSC). This firm-fixed-price contract requires a contractor to provide all resources necessary to manage loan servicing and loan sale activities, including the boarding of various loan types within seven calendar days and the maintenance of searchable electronic records for borrower communications. The performance period consists of a base period from FY27 through FY28, with four one-year option periods for a total of five years. Services will be performed at the contractor's site, and the contractor must comply with OMB Circular A-123 and maintain specific insurance coverages, including Fidelity Bond and Errors and Omissions insurance. Award will be based on a best value assessment where non-price factors are significantly more important than price. The evaluation follows a four-phased approach: Phase I screens for minimum operational capabilities (Pass/Fail), Phase II evaluates the technical approach (requiring a Good rating or higher to advance), Phase III assigns a risk rating, and Phase IV assesses past performance and veteran preference. Preference is given to verified Service-Disabled Veteran-Owned Small Businesses (SDVOSB) and Veteran-Owned Small Businesses (VOSB). Proposals must be submitted in six distinct volumes with strict page limits and formatting requirements, including a requirement for proof of 50 million dollars in corporate funds or a line of credit.
Sac Frederick (36C10X)

POSTED

8 days ago

DEADLINE

in 6 days

AI Contract Overview

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The Legacy Loan Services Contract, identified by solicitation number EDFSA09D0014, is an Indefinite Delivery, Indefinite Quantity award issued by the Department of Education's Federal Student Aid Acquisitions Office. Established on June 17, 2009, the contract focuses on legacy loan services under NAICS code 522390. The agreement includes a minimum guarantee of 5,000,000 dollars and was structured with an initial base period of performance running from June 17, 2009, through June 16, 2014, with provisions for an optional extension through 2019. Managed by the Fsa Acquisitions Office in Washington, DC, the contract incorporates standard Federal Acquisition Regulation and Education Department Acquisition Regulation clauses pertaining to commercial items and ordering procedures. The administrative point of contact for this award is Elvis Taylor. This legal instrument serves as the primary framework for the procurement of specialized loan services required to maintain legacy student aid accounts.

General Info

Contract Value

$191,993,054.99

NAICS

522390 - Other Activities Related to Credit Intermediation

Place of Performance

DC, USA

Set-Aside

NONE

Award Issued Date

Documents

1

Contract ED-FSA-09-D-0014

PDF, High priority: read this firstaward
High

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Timeline

PhaseAwarded
Posted

Award Notice

Awarded

Contract was awarded

Submission Closed

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Organization & Contact Information

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AgencyDepartment Of Education → Fsa Acquisitions Office
Contacts1 person available
OfficeWASHINGTON, DC, 20202, USA
Office AddressWASHINGTON, DC, 20202, USA

Full Description

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See attached contract.

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