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Nevada Controller's Office·Nevada

Debt Collection Services

Closes 8/14/2020$70M – $140MRequest for Qualification
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Description

The State of Nevada is seeking qualified vendors to provide debt collection services to recover monies from delinquent receivables from individuals and businesses located in and out of the State of Nevada on an as-needed basis. The scope of work includes collecting various types of receivables, such as tuition fees, administrative fines, assessments, permits, application fees, inspection fees, supervision fees, health insurance premiums, business licenses fees, payroll overpayments, NSF checks, and taxes. Vendors will be required to use current technologies to send, receive, and store the Controller's Office data in various electronic formats and conduct skip-tracing services for the Controller's Office when a debtor's current address is unknown or not current. Some key points to consider: • The State does not guarantee any minimum amount of work under the resulting contract(s). • The State reserves the right to divide accounts among several vendors based on performance and expertise. • Vendors must comply with all federal and state general or special laws relating to the provision of debt collection services. • Vendors shall maintain complete and accurate records of collection service transactions and keep all such financial records and statements pertaining to the collection service operations in a safe and secure manner.

Attached files

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

Contact

Ryan Vradenburg(Purchasing Officer II)

[email protected]

(775) 684-0197

Key dates

Opened
7/10/2020
Questions due
7/24/2020
Closes
8/14/2020
Duration
4 years

Last updated

Details

Type
Request for Qualification
Industry
Financial Services
NAICS
561440
Solicitation №
06CO-S1215

Budget estimate

$70,000,000 – $140,000,000

The budget for this opportunity is difficult to estimate, as the contract will be based on a percentage of collected revenue. However, considering the State of Nevada has an approximate $700 million in delinquent debt, and assuming a 10-20% collection rate, the total budget could range from $70 million to $140 million over the four-year contract term. This estimate is highly speculative and may vary depending on the actual collection rates and the number of vendors awarded contracts.

AI estimate from the solicitation

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