Government Contract | Texas
COLLECTION OF DELINQUENT ACCOUNTS

Bid Information


Bid Alert No: 00000453405

Bid Title: COLLECTION OF DELINQUENT ACCOUNTS

Agency Bid No. Title: RMJ0307

Received Date: 01/07/2016

Close Date: 02/12/2016

Purchase Type: 24 month contract term

Delivery Point:

Delivery Date: Not Stated

Special Notices: Pre-Bid Conference Optional 01/20/2016 11:00 AM, Bidder Preregistration

Specifications

Specifications include, but are not limited to:COLLECTION OF SECONDARY LEVEL DELINQUENT UTILITY ACCOUNTS RECEIVABLE 1. Contractor for Secondary level collections shall maintain the referrals up to 12 months before being recalled by AE and transferred to a Tertiary Contractor for Tertiary-level collection activities. 2. On a monthly basis AE is expecting to refer an average of 600 accounts with average balances of $795 to the respondent awarded the Contract. The age of initial account placements with Secondary Contractor ranges from approximately 13 to 24 months. Future placements with the Secondary Contractor will depend on the Primary Contractors recovery rates. 3 . The process of recalling and placing accounts with Secondary Contractor will occur at the sole discretion of the AE Credit & Collections department. AE makes no guarantee regarding quantity, age or value of account placements . 4. AEs minimum expectation for Net Recovery Rates at the Secondary level is 3%. Net Recovery Rate will be cumulatively measured every 6 months (from referral date). Net Recovery Rate will be calculated as follows: (Total Dollars Collected- Collection Fees)/(Total Dollars placed at an agency-recalls due to bankruptcy, deceased and at AE discretion

Product Code: 94633

Agency Information


Issuing Agency: City of Austin

State: Texas

Agency Type: State and Local

Contact: Ray Moncada PO Box 1088, Austin, Texas, 78767

Phone: 512-322-6594

Email: ray.moncada@austinenergy.com

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