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Awarded contract·Sedgwick County·Kansas

Check Collection Services

Won by RECHECK, Inc.$45kAwarded 8/3/2022Single Award
Contract source

Awarded vendors

  • RECHECK, Inc.

Description

This contract provides Sedgwick County with professional check‑collection services for returned (NSF) checks across multiple county departments. The County handles initial processing and notification, then transfers each case electronically to the vendor, who must contact debtors within seven days and continue weekly attempts for twelve weeks, reporting results and handling any litigation at the vendor’s expense. The fee structure is a per‑check charge ($30 per check, with the vendor retaining $20) plus a share of any interest or civil damages recovered. The agreement runs for a two‑year base term with two one‑year renewal options, and the award was made to RECHECK, Inc. after an open competition that attracted 35 invited firms. • Scope: electronic case transfer, debtor contact, weekly follow‑up, monthly reporting, and optional litigation. • Financial: $30 fee per check; historical volume ≈ 2 checks/day (~730/yr) equating to roughly $22 k annual County cost. • Term: 2 years with two optional 1‑year extensions; award effective mid‑June 2022.

Attached files

Key dates

Bids closed
5/3/2022
Intent to award
8/3/2022
Awarded
8/3/2022
Contract modified
4/14/2022
Starts
6/1/2022
Ends
6/1/2024Renews
Duration
2 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
561440
Solicitation №
22-0024

Contract value

$45,000

The RFP notes an average annual NSF‑check value of about $200,000 and an estimated 2 checks per day (~730 checks per year). The County’s fee to the vendor is $30 per check, of which the vendor retains $20, yielding an estimated County cost of $21,900 per year and a vendor revenue of $14,600 per year. Historical proposal amounts for the two‑year base term ranged from $38,000 to $50,000, indicating that bidders priced the contract around $45,000 for the full term. Assuming similar volume and fee structures, a reasonable ballpark for the contract value is roughly $45,000 for the two‑year base period, with potential additional value if renewal options are exercised.

AI estimate from the award documents

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