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EDFSA09D0015

Indefinite Delivery Contract
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Overview

Government Description
SERVICING OF TITLE IV STUDENT FINANCIAL AID. TAS CODE: TAS::91 0198::TAS TO PROVIDE TITLE IV STUDENT LOAN MANAGEMENT AND SERVICING TO SECONDARY EDUCATION STUDENTS. SPECIFIC COMPLIANCE ACTIVITIES FOR SERVICING FEDERALLY HELD ASSETS MAY INCLUDE, BUT ARE NOT LIMITED TO: (1) SECURITY; (2) LOAN CONVERSION, (3) FINANCIAL RECONCILIATION; (4) SERVICING; (5) REPORTING; (6) RECORD RETENTION; AND (7) AUDIT RESPONSE SUPPORT.
Government Project
TITLE IV ADDITIONAL SERVICES TIVAS
Awarding / Funding Agency
Pricing
Fixed Price With Economic Price Adjustment
Set Aside
None
Extent Competed
Full And Open Competition
Multiple / Single Award
Multiple Award
Who Can Use
Single Agency
Vehicle Ceiling
$2,495,392,310 (80% Used)
Analysis Notes
Amendment Since initial award the Ordering Period End Date was extended from 06/16/14 to 12/15/23 and the Vehicle Ceiling has increased 100% from $1,247,696,155 to $2,495,392,311.
Direct Award $200,511,082.33 was obligated directly to this IDV and does not have an associated task order.
Subcontracting Plan This IDC has an Individual Subcontract Plan. The Department of Education has an overall 2023 small business subcontracting goal of 37%
Maximus Education was awarded Indefinite Delivery Contract EDFSA09D0015 EDFSA09D0015 by the Office of Federal Student Aid in June 2009. The IDC has a duration of 14 years 6 months and was awarded through solicitation Legacy Loan Services Contract - Maximus full & open with NAICS 522390 and PSC R710 via two step acquisition procedures with 5 bids received. To date, $2,110,158,470 has been obligated through this vehicle. The total ceiling is $2,495,392,310, of which 80% has been used. As of today, the IDC has a total reported backlog of $118,697,150 and funded backlog of $118,697,150.

Status
(Complete)

Modified 2/27/24
Period of Performance
6/16/09
Start Date
12/15/23
Ordering Period End Date
100% Complete

Task Order Obligations and Backlog
$2.0B
Total Obligated
$2.1B
Current Award
$2.1B
Potential Award
94% Funded
$118.7M
Funded Backlog
$118.7M
Total Backlog

Award Hierarchy

Indefinite Delivery Contract

EDFSA09D0015

Contracts

-

Subcontracts

-

Federal Award Analysis

Historical federal task order obligations under EDFSA09D0015

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Contracts

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Subcontracts

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Grants

$-

Subgrants

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Total

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Contract Awards

Prime task orders awarded under EDFSA09D0015

Subcontract Awards

Disclosed subcontracts for EDFSA09D0015

Opportunity Lifecycle

Procurement history for EDFSA09D0015

Transaction History

Modifications to EDFSA09D0015

People

Suggested agency contacts for EDFSA09D0015

Competition

Number of Bidders
5
Solicitation Procedures
Two Step
Evaluated Preference
None
Performance Based Acquisition
Yes
Commercial Item Acquisition
Commercial Item
Simplified Procedures for Commercial Items
No

Other Categorizations

Subcontracting Plan
Individual Subcontract Plan
Cost Accounting Standards
Exempt
Business Size Determination
Large Business
Awardee UEI
HSUVUJE1ESU7
Awardee CAGE
96H29
Agency Detail
Awarding Office
910031 FSA ACQUISITIONS OFFICE
Funding Office
910055 FEDERAL STUDENT AID
Created By
eddie.lowe2@ed.gov
Last Modified By
eddie.lowe2@ed.gov
Approved By
eddie.lowe2@ed.gov

Legislative

Legislative Mandates
Labor Standards
Awardee District
VA-11
Senators
Mark Warner
Timothy Kaine
Representative
Gerald Connolly

Budget Funding

Federal Account Budget Subfunction Object Class Total Percentage
Student and Administration, Education (091-0202) Higher education Other services from non-Federal sources (25.2) $949,933,118 93%
Student and Administration, Education (091-0202) Higher education Operation and maintenance of equipment (25.7) $66,787,630 7%
Last Modified: 2/27/24