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
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