91003120D0002 - THE SERVICES CONTEMPLATED UNDER THIS NEXGEN BPO IN...
Federal Contract Award Search » IDC Award - NextGen Business Process Operations (2020)
This IDC contract for Business Admin Services, Financial services was awarded in FY2020 on Jun 23, 2020 to Missouri Higher Education Loan Authority by Federal Student Aid. There have been $54.7M in obligations to date with a ceiling value of $1.7B, showing a 3% burn rate so far on the contract. The contract was not competed under any preference program with 12 offers received. We expect a 6 year duration with ultimate completion date of Jun 21, 2026.
Missouri Higher Education Loan Authority is a contractor located in MO, doing primarily Financial services work for Education. The company receives $46.5M annually in federal awards (as of FY2020). Also, they have shown success winning IDC contracts concentrated mainly on a singular customer focused portfolio.
The Federal Government competes and awards an Indefinite Delivery Contract (IDC) to support requirements where the quantity and time of delivery are unknown. Typically referred to as Indefinite Delivery-Indefinite Quantity (IDIQ) contracts, the Government has the option of awarding a single or multiple award IDIQ. Once awarded, an IDIQ acts as a master agreement between the Federal Government and one or more contractors. On an as-needed basis, Federal buying organizations place orders, commonly referred to as Task Orders against an IDIQ, to purchase goods or services available through the IDIQ.
- Contract Number
- 91003120D0002
- Contractor
- MISSOURI HIGHER EDUCATION LOAN AUTHORITY
- Obligations to Date
- $54.7M
- Ceiling Value
- $1.7B
- Award Date
- 06/23/2020
- Contract Type
- IDC
- Contract Vehicle
- NextGen Business Process Operations (2020)
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Education»Federal Student Aid
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Task Order History
| Task Order No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| 91003121F0302 | MISSOURI HIGHER EDUCATION LOAN AUTHORITY | $1.5M | 11/13/2020 |
| 91003122F0302 | MISSOURI HIGHER EDUCATION LOAN AUTHORITY | $19.6M | 11/04/2021 |
| 91003123F0314 | MISSOURI HIGHER EDUCATION LOAN AUTHORITY | $28.3M | 05/05/2023 |
| 91003125F0301 | MISSOURI HIGHER EDUCATION LOAN AUTHORITY | $4.3M | 10/31/2024 |
