GovChime
AWARDDELIVERY ORDEROther than small business

Delivery order 0008NAVIENT CORPORATION

Overview

Award facts

Net obligations
$141.16M
$141,164,210of $141.16M potential value
Period of performance
Aug 1, 2019 to Dec 31, 2016
Ended
Modifications
31
Latest action Jul 31, 2019
Contract type
Delivery order
PIID 0008

Description of requirement

IGF::CT::IGF / CRITICAL FUNCTION IDIQ: SERVICING OF TITLE IV STUDENT FINANCIAL AID. TASK ORDER: SERVICING OF TITLE IV STUDENT FINANCIAL AID, FROM 9/1/2015 THROUGH 8/31/2016. PROVIDES FUNDING FOR TITLE IV AID SERVICING THROUGH APPROXIMATELY 12/31/2015. PROVIDES FUNDING FOR THE DELINQUENCY REDUCTION COMPENSATION PROGRAM, IN A NOT-TO-EXCEED AMOUNT OF $500,000 PER QUARTER AND $2,000,000 ANNUALLY.

Dates and value

Award date
Signed on Sep 1, 2015
Potential end of performance
Dec 30, 2016
Current value
$141,164,210Base and exercised options
Potential value (if all options are exercised)
$141,164,210
Parent contract vehicle
EDFSA09D0015 (IDC, multiple award) — 19 orders recorded under it

Obligations by fiscal year of action

  • FY2019: -$300,000 (de-obligation)
  • FY2016: $95,063,240
  • FY2015: $46,400,970

Total across 3 fiscal years: $141,164,210

Net de-obligation in that fiscal year (obligations withdrawn).

Source: Federal Procurement Data System contract actions as published by SAM.gov and USAspending.gov; latest action recorded Jul 31, 2019. View on USAspending · Recipient on SAM.gov

Recipient

NameNAVIENT CORPORATION
LocationWILMINGTON, DE
UEIMPZ6YQV1EVX7
CAGE code7GGQ3
Business sizeOther than small businessSize at award, per the contracting officer
Organization typeCorporate not tax exempt
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. FSA ACQUISITIONS OFFICE
Funded by
  1. Department of Education
  2. FEDERAL STUDENT AID
Funded from
091-0202Federal accounts (agency financial reports)

Place of performance

Place of performance
Wilmington, New Castle County, Delaware 19801-5363
Congressional district (place of performance)
DE-00As 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
Commercial procedures
Commercial itemA
Government-furnished property
Transaction uses GFE/GFPY
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
Sep 1, 2015Base obligation at award: $36,249,970
Latest action
Jul 31, 2019 — Funding onlyModification P00028; funding only: changes obligations, not scope
Latest substantive action
Oct 31, 2016 — Supplemental agreement (within scope)Modification P00026
Latest funding action
Jul 31, 2019 — Funding onlyModification P00028; funding only: changes obligations, not scope
Actions by type
  • Base award1
  • Supplemental agreement (within scope)13
  • Funding only11
  • Change order7
32 actions recorded, Sep 1, 2015 to Jul 31, 2019; 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
Local area set-aside
No
Synopsized publicly (SAM.gov / FedBizOpps)
Yes
Simplified procedures for commercial items
No
A-76 (FAIR Act) action
No

Pricing and financing

Paid by purchase card
No

Socio-economic and policy

Inherently governmental functions
Critical functionsCT
Recovered materials and sustainability
No clauses included and no sustainability includedC
EPA-designated product
Not requiredE
Clinger-Cohen Act planning (IT)
No

Place and origin

Domestic or foreign entity
U.S. owned businessA
Country of product or service origin
United statesUSA
Place of manufacture
Not a manufactured end productC

Structure

Award or IDV
Award
Award type
Delivery orderC
Parent vehicle type
IDCB
Parent vehicle: multiple or single award
Multiple awardM
Parent vehicle agency
Department of Education9100
Awarding agency code
9100
Awarding sub-tier code
9100
Contracting office code
910031
Transactions recorded under this award key
32

Funding

Funding agency code
9100
Funding sub-tier code
9100
Funding office code
910055
Treasury accounts
  • 091-2015/2016-0202-000
Object classes
  • 25.2: Other services from non-Federal sources