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  5. ›Term Contract for Collection Agency Services for the City…

Awarded contract·City & Borough of Juneau (CBJ)·Alaska

Term Contract for Collection Agency Services for the City & Borough of Juneau (CBJ)

Won by Ray Klein, Inc.$475kSingle Award
Contract source

Awarded vendors

  • Ray Klein, Inc.

Description

The City & Borough of Juneau (CBJ) is seeking a collection agency to manage the collection of unpaid accounts assigned by the CBJ's Finance Department, Revenue Collections Office. The contract will be for a term of five years, with an option to renew. The selected vendor will be required to provide collection services, including skip-tracing, letters, phone contact, and legal action, and will be paid a commission based on the amount collected. The CBJ anticipates transferring approximately 300-400 accounts per year, with a total value of around $190,000. The vendor will be required to provide monthly reports, including payments received, collection success rates, and account balances. Some key points about this contract include: • The contract is for collection agency services for the City & Borough of Juneau (CBJ) • The term of the contract is five years, with an option to renew • The selected vendor will be paid a commission based on the amount collected • The CBJ anticipates transferring approximately 300-400 accounts per year • The vendor will be required to provide monthly reports, including payments received, collection success rates, and account balances • The contract requires the vendor to comply with the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA)

Attached files

Key dates

Starts
7/1/2023
Ends
6/30/2028Renews
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
561440
Solicitation №
24-003

Contract value

$475,000

The value of the contract is not explicitly stated, but based on the information provided, it can be estimated. The CBJ anticipates transferring approximately 300-400 accounts per year, with a total value of around $190,000. The vendor will be paid a commission based on the amount collected, but the exact commission rate is not specified. Assuming an average commission rate of 10-20%, the total contract value could be estimated to be around $95,000 to $190,000 per year, depending on the actual commission rate and the amount collected. Over the five-year term of the contract, the total value could be estimated to be around $475,000 to $950,000.

AI estimate from the award documents

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