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University of Minnesota·Minnesota

UWide Agreement for Collections Agency Services

Closes 7/30/2026$100k – $500kRequest for Proposal
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Description

The University of Minnesota is seeking proposals from qualified vendors to provide collections agency services. The intent of this RFP is to identify future collection agency providers and consider the University's use of collection agency services. Firms may propose to provide one or more recovery services, and it is possible that awards to multiple vendors will be made. The University requires contractors to provide information about relevant membership in national organizations and certifications that demonstrate a high commitment to compliance. Key aspects of the job include: • Providing collection agency services to the University of Minnesota • Demonstrating a high commitment to compliance through membership in national organizations and certifications • Possibly providing one or more recovery services • Complying with the University's terms and conditions, which may include requirements for subcontracting and confidentiality • Participating in the University's sourcing process, which includes submitting questions and proposals through the MBid tool

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Sarah Erhardt

[email protected]

Key dates

Opened
6/2/2026
Questions due
6/30/2026
Closes
7/30/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
561440
Solicitation №
U520.2026.SEJST Addendum 2

Budget estimate

$100,000 – $500,000

The budget for this opportunity is not explicitly stated in the document. However, considering the scope of the project, which involves providing collection agency services to the University of Minnesota, the budget could be substantial. The University may have a significant amount of debt to collect, and the selected vendor will likely be paid a percentage of the collected amount. Assuming an average collection rate and a moderate-sized debt portfolio, the budget could range from $100,000 to $500,000 per year, depending on the terms of the contract and the performance of the vendor.

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