GovChime
AWARDDOOther than small business

Do 0002NAVIENT CORPORATION

Overview

Award facts

Period of performance
Apr 15, 2015 to Dec 31, 2014
Ended
Modifications
1
Latest action Apr 16, 2015
Contract type
Do
PIID 0002

Description of requirement

IGF::CT::IGF / CRITICAL FUNCTION BASE AWARD: SERVICING OF TITLE IV STUDENT FINANCIAL AID. TAS CODE: TAS::91 0198::TAS TO PROVIDE TITLE IV STUDENT LOAN MANAGEMENT AND SERVICING TO SECONDARY EDUCATION STUDENTS. SPECIFIC COMPLIANCE ACTIVITIES FOR SERVICING FEDERALLY HELD ASSETS MAY INCLUDE, BUT ARE NOT LIMITED TO: (1) SECURITY; (2) LOAN CONVERSION, (3) FINANCIAL RECONCILIATION; (4) SERVICING; (5) REPORTING; (6) RECORD RETENTION; AND (7) AUDIT RESPONSE SUPPORT. TASK ORDER: TO ORDER LOAN CONSOLIDATION SERVICES, IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE BASE CONTRACT

Dates and value

Award date
Signed on Aug 20, 2013
Potential end of performance
Dec 30, 2014
Parent contract vehicle
EDFSA09D0015 — 19 orders recorded under it

Source: Federal Procurement Data System contract actions as published by SAM.gov and USAspending.gov; latest action recorded Apr 16, 2015. View on USAspending · Recipient on SAM.gov

Recipient

NameNAVIENT CORPORATION
LocationNEWARK, DE
UEIN4YBT62XZKP5
Business sizeOther than small businessSize at award, per the contracting officer
Parent companyNAVIENT CORPORATION

Business types and certifications

For-profit organizationCorporation (not tax-exempt)

Self-reported at the time of the action.

Agency and place

Awarding and funding

Awarded by
  1. Department of Education
  2. FEDERAL STUDENT AID PROCUREMENT ACTIVITY
Funded by
  1. Department of Education
  2. FSA BUSINESS OPERATIONS

Place of performance

Place of performance
Wilkes Barre, Luzerne County, Pennsylvania 18773-9533 United States Of America
Congressional district (place of performance)
PA-08As reported at the time of the action

Classification and competition

Classification

NAICS
522390OTHER ACTIVITIES RELATED TO CREDIT INTERMEDIATION
Product or service (PSC)
R710SUPPORT- MANAGEMENT: FINANCIAL (service)

Competition

Extent competed
Full and open competitionA
Solicitation procedures
Subject to multiple award fair opportunityMAFO
Set-aside
No set-aside used
Contract pricing
Fixed price with economic price adjustmentK
Offers received
4

Contract details

Service Contract Act labor standards
Yes
Government-furnished property
Transaction does not use GFE/GFPN
Bundled requirement
Not a bundled requirementD
Consolidated requirement
No
Undefinitized action (terms not final)
No
Multi-year contract
No
Performance-based service acquisition
Yes - service where PBA is used.Y

Transaction history

Modification history

Base award
Aug 20, 2013Base obligation at award: $1,200,000
Latest action
Apr 16, 2015 — CloseoutModification 1; administrative: no change in scope or value
Actions by type
  • Base award1
  • Closeout1
2 actions recorded, Aug 20, 2013 to Apr 16, 2015; each action counted once.

All contract data

All contract data

Every other field reported for this award, as of its latest reported action

Competition

Evaluation preference
No preference used
Synopsized publicly (SAM.gov / FedBizOpps)
Yes
Simplified procedures for commercial items
No

Pricing and financing

Paid by purchase card
No

Socio-economic and policy

Recovered materials and sustainability
No clauses included and no sustainability includedC
EPA-designated product
Not requiredE

Place and origin

Domestic or foreign entity
U.S. owned businessA
Place of manufacture
Not a manufactured end productC

Structure

Award or IDV
Award
Award type
DoC
Parent vehicle agency
Department of Education9100
Awarding agency code
9100
Awarding sub-tier code
9100
Contracting office code
FSAPA
Transactions recorded under this award key
2

Funding

Funding agency code
9100
Funding sub-tier code
9100
Funding office code
ENBO