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Awarded contract·City of Independence, Missouri·Missouri

Collection Services

Won by Kansas Counselors Inc.$125kSingle Award
Contract source

Awarded vendors

  • Kansas Counselors Inc.

Description

The City of Independence, Missouri is seeking a contractor to provide collection services for the city's utility department. The contractor will be responsible for collecting debts from customers who have outstanding balances. The contract will be for a period of one year, with the option to renew. The city received bids from several vendors, including Aargon, Berlin-Wheeler, IC Collection System, Kansas Counselors Inc., and The Affiliated Group. After evaluating the bids, the city recommended awarding the contract to Kansas Counselors Inc. • The contractor will be responsible for collecting debts from customers who have outstanding balances. • The contract will be for a period of one year, with the option to renew. • The city received bids from several vendors, including Aargon, Berlin-Wheeler, IC Collection System, Kansas Counselors Inc., and The Affiliated Group. • The contractor will be required to provide a detailed report of their collection activities on a regular basis. • The city reserves the right to terminate the contract if the contractor fails to meet the requirements of the contract.

Attached files

Key dates

Starts
5/1/2014
Ends
4/30/2015
Duration
1 year

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
561440
Solicitation №
P-14-388

Contract value

$125,000

The value of the contract is not explicitly stated, but based on the information provided, it appears that the contractor will be collecting debts from customers who have outstanding balances. The contract mentions percentage fees for accounts of different ages, ranging from 12.5% to 14.5%. Assuming an average annual debt collection amount of $1 million, the total contract value would be around $125,000 to $145,000 per year, depending on the actual debt collection amount and the fees charged by the contractor.

AI estimate from the award documents

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