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Awarded contract·City of Tucson·Arizona

Delinquent Accounts

Won by Ray Klein, Inc. dba Professional Credit Service$15.4MSingle Award
Contract source

Awarded vendors

  • Ray Klein, Inc. dba Professional Credit Service

Description

The City of Tucson has awarded a contract to Professional Credit Service for the collection of delinquent accounts. The contract has a term of 8 years and includes provisions for the collection of accounts, payment terms, and reporting requirements. Professional Credit Service will provide services to the City, including collection of delinquent accounts, payment processing, and reporting. The contract also includes provisions for the protection of consumer information and compliance with relevant laws and regulations. Key aspects of the contract include: • The contract term is 8 years, with the possibility of renewal. • Professional Credit Service will collect delinquent accounts on behalf of the City. • The company will provide payment processing and reporting services. • The contract includes provisions for the protection of consumer information and compliance with relevant laws and regulations. • The City will pay Professional Credit Service a fee based on the amount collected.

Attached files

Key dates

Starts
9/18/2017
Ends
3/17/2026Renews
Duration
8 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
561440
Solicitation №
171785-01

Contract value

$15,400,000

The contract value is not explicitly stated in the documents, but based on the contract terms, it appears that the City of Tucson will pay Professional Credit Service a fee based on the amount collected. The fee is 18.5% of the amount collected. To estimate the contract value, we would need to know the total amount of delinquent accounts that will be collected over the term of the contract. Assuming an average annual collection amount of $1 million, the total contract value over 8 years would be approximately $15.4 million (18.5% of $1 million per year for 8 years). However, this is a rough estimate and the actual contract value may be higher or lower.

AI estimate from the award documents

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