EDFSA13D0001 - CT "CRITICAL FUNCTION"- SERVICING OF TITLE IV ST...
Federal Contract Award Search » IDC Award - Servicing of Title IV Student Financial Aid (2013)
This IDC contract for Financial services was awarded in FY2013 on Oct 29, 2012 to VERMONT STUDENT ASSISTANCE CORPORATION by Federal Student Aid. There have been $12.5M in obligations to date with a ceiling value of $2.8B, showing a 0% burn rate so far on the contract. The contract was not competed under any preference program with 13 offers received. We expect a 5 year duration with ultimate completion date of Oct 29, 2017.
VERMONT STUDENT ASSISTANCE CORPORATION is a contractor located in VT, doing primarily Financial services work for Education. Also, they have shown success winning No/Limited Bias 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
- EDFSA13D0001
- Contractor
- VERMONT STUDENT ASSISTANCE CORPORATION
- Obligations to Date
- $12.5M
- Ceiling Value
- $2.8B
- Award Date
- 10/29/2012
- Contract Type
- IDC
- Contract Vehicle
- Servicing of Title IV Student Financial Aid (2013)
- 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 |
|---|---|---|---|
| 0001 | VERMONT STUDENT ASSISTANCE CORPORATION | $4.4M | 10/29/2012 |
| 0002 | VERMONT STUDENT ASSISTANCE CORPORATION | $2.1M | 12/17/2013 |
| 0003 | VERMONT STUDENT ASSISTANCE CORPORATION | $2.9M | 09/17/2014 |
| 0004 | VERMONT STUDENT ASSISTANCE CORPORATION | $3.1M | 09/15/2015 |
| 0005 | VERMONT STUDENT ASSISTANCE CORPORATION | $31.1k | 09/23/2015 |
