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  5. ›CITYWIDE DEBT COLLECTION SERVICES

Awarded contract·City of Palm Bay·Florida

CITYWIDE DEBT COLLECTION SERVICES

Won by Gila LLC dba Municipal Services Bureau +2 more$200kMultiple Award
Contract source

Awarded vendors

  • Gila LLC dba Municipal Services Bureau
  • Penn Credit Corporation
  • SWC Group

Description

The City of Palm Bay is seeking proposals from qualified collection agencies/firms for the administration, collection, and adequate reporting of debt collection services for the City. The services include the collection of delinquent utility accounts, false alarm fines, and parking citation fines. The contract was awarded to Gila LLC dba Municipal Services Bureau, Penn Credit Corporation, and SWC Group. The contract terms and conditions, including the fee structures, are outlined in the final award tabulation document. • The City's Utilities Department provides billing to approximately 33,000 customers for water, wastewater, stormwater, and waste management services. • The City intends to turn delinquent utility accounts over to the collection agency within 90 days of termination date. • The City's False Alarm Reduction Program has 15,106 active monitored alarm systems, with total billed amount of $72,986.05 and total outstanding amount of $12,587.04. • The City's Parking Citation Program has a total of 800 citations written, with revenue of $99,020.48 collected and $19,975.48 still outstanding. • The contract includes the collection of debt from various sources, including utility bills, false alarm fines, and parking citation fines.

Attached files

Key dates

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
561440
Solicitation №
40-02015

Contract value

$200,000

The contract value is difficult to estimate without more information on the total amount of debt to be collected. However, based on the fee structures outlined in the final award tabulation document, the contract value could be significant. For example, if the total debt to be collected is $1 million, and the fee structure is 20% for 120-day-old accounts, the contract value could be $200,000. However, this is a rough estimate and the actual contract value could be higher or lower.

AI estimate from the award documents

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