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Payment Processing & Interest Calculation Engine

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State & Local

Contract Overview

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

AI Contract Overview

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The contract involves developing a secure system designed to handle borrower payment processing, perform interest calculations for both fixed and variable rates, and ensure fund allocation aligns with federal guidelines. Additionally, the system will manage repayment incentives and handle credit balance refunds, supporting efficient and compliant loan servicing activities. The work is categorized under NAICS code 522298 and is set as a subcontract opportunity posted by the Illinois Department of Administrative and Procurement Policy (IDAPP). The place of performance is located in Deerfield, Illinois, with a postal code of 60015-5209. While specific details regarding set-asides or the contracting officer are not provided, the subcontract invitation aims to address critical financial processes related to loan repayment and compliance. The posted date for this solicitation is January 7, 2026, indicating a future opportunity for interested parties with expertise in financial systems and government contract requirements.

General Info

Develop secure borrower payment system managing interest, fund allocation, repayment incentives, and credit refunds.

Agency

Illinois → IDAPPView Agency

NAICS

522298 - All Other Nondepository Credit IntermediationView NAICS

Place of Performance

Deerfield, IL, 60015-5209, US

Set-Aside

NONE

Documents

(0)

No documents available

AI Contract Breakdown

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Timeline

PostedJan 7

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Organization & Contact Information

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AgencyIllinois → IDAPP

ContactsNo contacts available

OfficeN/A

Organization / Agency

Illinois → IDAPP

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Office AddressN/A

ContactsNo contact information available

Full Description

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Provide a secure system for processing borrower payments, calculating interest (fixed and variable), allocating funds per federal guidelines, and managing repayment incentives and credit balance refunds.

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