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FBO DAILY ISSUE OF MAY 10, 2003 FBO #0527
SPECIAL NOTICE

D -- Direct Loan Servicing System

Notice Date
5/8/2003
 
Notice Type
Special Notice
 
Contracting Office
Department of Education, Federal Student Aid, Acquisitions and Contracts Performance, Union Center Plaza, RM 101H4 830 First Street, NE, Washington, DC, 20202-5405
 
ZIP Code
20202-5405
 
Solicitation Number
Reference-Number-PM94017001
 
Response Due
6/23/2003
 
Point of Contact
Roscoe Price, III, Contracting Officer, Phone 202-377-3609, Fax 202-275-0912,
 
E-Mail Address
roscoe.price@ed.gov
 
Description
Single source procurement for continued service and turnover. The Department of Education has conducted extensive market research to fulfill its loan servicing needs between October 1, 2003 and September 30, 2007. In performing this market research, the Department has determined that the extension to the Direct Loan Servicing System with ACS contract is appropriate. The Department has determined that a transition period of, at a minimum, 24 to 36 months will be necessary for any contractor to build out an infrastructure and begin processing the more than seven million borrowers in the current Direct Loan portfolio. The Department has completed market research for the procurement of "Common Services for Borrowers", which will absorb all loan servicing requirements for the Department. Award of this contract is expected on or about 9/30/2003. The single source extension is required to allow for a reasonable transition period from the current direct loan servicer to the awardee of the "Common Services for Borrower" acquisition.
 
Record
SN00320239-W 20030510/030508213247 (fbodaily.com)
 
Source
FedBizOpps.gov Link to This Notice
(may not be valid after Archive Date)

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