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  5. ›Municipal Accounts Receivable Collection Services, RFP #…

Maryland Town of Riverdale Park·Maryland

Municipal Accounts Receivable Collection Services, RFP # 005 - 2026

Closes 10/30/2026$300k – $1.6MInvitation for Bid
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Description

The Town of Riverdale Park, MD is seeking a qualified collection agency to provide comprehensive accounts‑receivable collection services for delinquent municipal fees and fines. The contractor will handle a wide range of receivable categories—including parking tickets, code‑enforcement fines, business license fees, tax balances, and other municipal assessments—under a contingency‑fee structure for an initial one‑year term with up to two optional one‑year extensions. Services must commence on December 1 2026, and the contractor will remit 100 % of gross collections monthly, providing detailed reports and invoicing only the agreed‑upon contingency percentages. No additional fees (setup, skip‑tracing, administrative, etc.) are allowable. • Scope covers all delinquent municipal receivables identified by the Town. • Compensation is purely contingency‑based (percentage of amounts actually collected). • Contract term: 1 year, renewable for two additional one‑year periods. • Mandatory start date: December 1 2026. • Submission deadline: October 30 2026 (12:00 PM EST). • Required to be authorized to do business in Maryland. • No small‑business set‑aside; open to all qualified firms.

Attached files

Contact

Jessica Barnes(Procurement Officer / Buyer)

[email protected]

Key dates

Opened
9/23/2026
Questions due
10/5/2026
Pre-bid meeting
9/30/2026
Closes
10/30/2026
Duration
1 years

Last updated

Details

Type
Invitation for Bid
Industry
Financial Services
NAICS
561440
Solicitation №
BPM059000

Budget estimate

$300,000 – $1,600,000

The contract’s revenue will depend on the total amount of delinquent receivables the Town has and the contingency percentages the winning firm proposes. Assuming Riverdale Park has roughly $5 million in outstanding fees and the contractor negotiates an average contingency fee of 15 % (typical for municipal collections), expected gross revenue would be about $750,000 for the first year. If the fee structure is more aggressive (e.g., 10 % on lower‑value accounts and 20 % on higher‑value accounts) and the total collectable balance ranges between $3 million and $8 million, the annual budget could vary from $300,000 to $1,600,000. Extensions could double the total contract value.

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