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AWARDDELIVERY ORDEROther than small business

Delivery order EDFSA09O0010FINANCIAL ASSET MANAGEMENT SYSTEMS, INC.

Overview

Award facts

Net obligations
$168.49M
$168,488,297of $169.20M potential value
Period of performance
Jul 1, 2009 to Apr 21, 2015
Ended
Modifications
90
Latest action Apr 14, 2020
Contract type
Delivery order
PIID EDFSA09O0010

Description of requirement

PRIVATE COLLECTION AGENCY PERFORMS COLLECTION AND ADMINISTRATIVE RESOLUTION ACTIVITIES ON DEBTS RESULTING FROM NON-PAYMENT OF STUDENT LOANS MADE UNDER THE VARIOUS FEDERAL STUDENT AID LOAN PROGRAMS.

Dates and value

Award date
Signed on Apr 7, 2009
Potential end of performance
Apr 20, 2015
Current value
$169,204,393Base and exercised options
Potential value (if all options are exercised)
$169,204,393
Parent contract vehicle
GS23F0264K (FSS, multiple award) — 2 orders recorded under it

Obligations by fiscal year of action

  • FY2020: -$1,321,583 (de-obligation)
  • FY2017: $3,493,925
  • FY2016: $10,612,271
  • FY2015: $20,451,074
  • FY2014: $46,139,000
  • FY2013: $36,195,490
  • FY2012: $20,050,126
  • FY2011: $22,394,905
Show all 10 years
  • FY2010: $10,473,089
  • FY2009: $1

Total across 10 fiscal years: $168,488,297

Net de-obligation in that fiscal year (obligations withdrawn).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 Apr 14, 2020. View on USAspending · Recipient on SAM.gov

Recipient

NameFINANCIAL ASSET MANAGEMENT SYSTEMS, INC.
LocationWOODSTOCK, GA
UEIRW52V6ZQP993
CAGE code1X2K3
Business sizeOther than small businessSize at award, per the contracting officer
Parent companyFINANCIAL ASSET MANAGEMENT SYSTEMS, INC.

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
091-0230Federal accounts (agency financial reports)

Place of performance

Place of performance
Woodstock, Cherokee County, Georgia 30189-3733
Congressional district (place of performance)
GA-11As reported at the time of the action

Classification and competition

Classification

NAICS
523999MISCELLANEOUS FINANCIAL INVESTMENT ACTIVITIES
Product or service (PSC)
R705SUPPORT- MANAGEMENT: DEBT COLLECTION (service)

Competition

Extent competed
Competitive delivery orderCDO
Solicitation procedures
Negotiated proposal/quoteNP
Set-aside
No set-aside used
Contract pricing
Fixed price incentiveL
Offers received
26

Contract details

Cost Accounting Standards clause
Not applicable exempt from CASX
Commercial procedures
Commercial item procedures not usedD
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
Apr 7, 2009Base obligation at award: $1
Latest action
Apr 14, 2020 — CloseoutModification P00091; administrative: no change in scope or value
Latest substantive action
Jan 21, 2015 — Option exercisedModification 66
Latest funding action
Nov 14, 2016 — Funding onlyModification 88; obligation change +$4,340,000; funding only: changes obligations, not scope
Actions by type
  • Base award1
  • Funding only51
  • Other administrative action33
  • Option exercised5
  • Closeout1
91 actions recorded, Apr 7, 2009 to Apr 14, 2020; 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
Simplified procedures for commercial items
No
A-76 (FAIR Act) action
No

Pricing and financing

Paid by purchase card
No

Socio-economic and policy

EPA-designated product
Not requiredE
Clinger-Cohen Act planning (IT)
No

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
Delivery orderC
Parent vehicle type
FSSC
Parent vehicle: multiple or single award
Multiple awardM
Parent vehicle agency
Federal Acquisition Service4730
Awarding agency code
9100
Awarding sub-tier code
9100
Contracting office code
910031
Transactions recorded under this award key
91

Funding

Funding agency code
9100
Funding sub-tier code
9100
Funding office code
910055
Treasury accounts
  • 091-X-0230-000
Object classes
  • 25.2: Other services from non-Federal sources