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Small Business Opportunities

Small Business Opportunities. Gary Hopkins, Director Collections Group. Third-Party Private Collection Services. Defaulted Student Loan Collection Services Task Order Awards Made Through GSA Schedule Contracts (SIN 520-4) Up to 5 Small Business Task Order Awards Are Planned

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Small Business Opportunities

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  1. Small Business Opportunities Gary Hopkins, Director Collections Group

  2. Third-Party Private Collection Services • Defaulted Student Loan Collection Services • Task Order Awards Made Through GSA Schedule Contracts (SIN 520-4) • Up to 5 Small Business Task Order Awards Are Planned • Contingency Fee Task Orders

  3. Performance-Based Contracts • Accustomed to working in highly competitive environment • All Aspects of Performance is Measured • Highly Sensitive Debt Type • Close Monitoring\Mentoring

  4. Portfolio Size 2.45 Million (Active Accounts) in Default $16.8 Billion Outstanding $7,000 Average Balance

  5. Monthly Transfers Totals Average Transfer 225,000 $1.25 Billion Small Pool Average 17,000 $ 95 Million *Account Transfer Totals and Allocations are at the Complete Discretion of the Government!!

  6. Agency Commissions & Fees Targeted Rates Administrative Fees Incentive Structure

  7. Contract Totals Top Earning Agencies in FY03 Over $2,250,000 Monthly (Average - $1.25M Monthly) Small Agencies Over $330,000 Monthly

  8. Tentative Schedule • Market Research/Pre-Solicitation Phase • July 2003 through May 2004 • Solicitation Phase • May 2004 through July 2004 • Evaluation/Award Phase • July 2004 through October 2004

  9. GSA Schedule GSA Financial and Business Solutions - Schedule 520, SIN 520-4 (Bertha Gelhaus, 703-305-7130) FSA Contracting Officer: Rich Galloway, 202-377-3611 Websites: www.fs-s.gsa.gov/services/fabs www.1800IWILLPAY.com/pca

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