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  5. ›2023-SWB-78 Debt Collection Agency Services

Sewerage and Water Board of New Orleans·Louisiana

2023-SWB-78 Debt Collection Agency Services

Closes 12/4/2023$250k – $2MRequest for Proposal
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Description

The Southwest Board of ... (SWBNO) issued a solicitation for debt‑collection agency services (RFP 2023‑SWB‑78). Vendors were asked to submit proposals by the bid opening deadline of December 4 2023. The tabulation posted on January 9 2024 lists four respondents—Ability Recovery Services, Coast Professional, Inc., IC Systems, and The CMI Group—but does not disclose award results, contract value, or detailed scope beyond “debt collection.” This pre‑award document serves mainly for benchmarking competitors and confirming that the solicitation has moved past the submission phase. Key points for the client: • Service focus: provision of debt‑collection activities for the agency’s receivables. • Deadline already passed; the opportunity is closed for new bids. • No budget, contract term, or performance metrics are provided in the summary. • No contact or location information is included, so further inquiry would require obtaining the full RFP package or contacting SWBNO directly.

Attached files

Key dates

Opened
1/9/2024
Closes
12/4/2023

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
561440
Solicitation №
2023-SWB-78

Budget estimate

$250,000 – $2,000,000

No contract value is disclosed, but debt‑collection contracts are typically structured as a percentage of amounts collected, often ranging from 5 % to 25 % of recoveries, with minimum base fees. Assuming a modest portfolio of $5 M‑$10 M in recoverable debt, the agency might budget roughly $250 K‑$2 M for the service. Thus, a realistic earnings estimate for a winning contractor would be in the low‑hundreds‑thousands to low‑millions dollar range, depending on volume and success rate.

AI estimate from the solicitation

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