Contract 91003123F0308

Edfinancial Services Llc · Department Of Education · September 26, 2023

Firm Fixed PriceFull & Open CompetitionNAICS 522320IDIQ Task Order

Edfinancial Services Llc was awarded a federal contract by Department Of Education on September 26, 2023 for $10.64 million of work in financial transactions processing, reserve, and clearinghouse activities. Performance is in Knoxville, TN. This is a task or delivery order issued under parent IDIQ 91003120D0001. The contract has been modified 6 times since the base award It uses firm fixed-price contract pricing. The most recent modification was on September 26, 2024. If all options are exercised, the contract could reach $41.92 million.

Obligated to date
$10.64M
$10,640,933
Current value
$41.92M
Modifications
6
Latest September 26, 2024

Contract details

PIID
91003123F0308
Parent IDIQ
91003120D0001
Award type
Delivery Order
Pricing
Firm Fixed Price
Competition
Full And Open Competition
NAICS
522320 · Financial Transactions Processing, Reserve, And Clearinghouse Activities
Product / service
Support- Management: Financial
Place of performance
Knoxville, TN
First action
September 26, 2023
Latest action
September 26, 2024

Description

THE TOTAL OBLIGATED AMOUNT FOR THIS TASK ORDER HAS INCREASED BY $2,071,593.13 FROM $39,852,555.51 TO $41,924,248.64. TO ADD CRS 6948, 7132, 7069, AND 7131.

Modification timeline

  • September 26, 2024
    Mod P00012 · Supplemental Agreement For Work Within Scope
    $41.92M
  • September 23, 2024
    Mod P00011 · Funding Only Action
    THE TOTAL OBLIGATED AMOUNT FOR THIS TASK ORDER HAS DECREASED BY $750,000.00 FROM $40,602,555.51 TO $39,852,555.51. THE TOTAL TASK ORDER VALUE HAS DECREASED TO $39,852,555.51.
    $39.85M
  • September 5, 2024
    Mod P00010 · Other Administrative Action
    TO ISSUE A STOP WORK ORDER IN ACCORDANCE WITH BPO IDIQ CONTRACT CLAUSE 52.242-15 STOP WORK ORDER FOR CHANGE REQUEST (CR) 7109 BPO SUPPORT OF STUDENT DEBT RELIEF (SDR).
    $40.60M
  • August 15, 2024
    Mod P00009 · Supplemental Agreement For Work Within Scope
    TO IMPLEMENT CR 7109 (BPO SUPPORT OF STUDENT DEBT RELIEF) AND CR 7034 (DCC CCP CLOUD MIGRATION PHASE 1). INCREASED FUNDING BY $1,079,159.07 FROM $39,523,396.44 TO $40,602,555.51. THIS TASK ORDER IS FU…
    $40.60M
  • August 7, 2024
    Mod P00008 · Supplemental Agreement For Work Within Scope
    THE PURPOSE OF THIS MODIFICATION IS TO REVISE TASK BILLING CODES TO REFLECT AN UPDATE IN AVERAGE TASK TIME. TO INCORPORATE CR 7100 UNDER SECTION C.4.4 CHANGE MANAGEMENT REQUIREMENTS.
    $39.52M
  • July 5, 2024
    Mod P00007 · Supplemental Agreement For Work Within Scope
    THIS MODIFICATION MIGRATES SPECIALTY PROGRAMS INTO THE TASK ORDER AS WELL AS INCORPORATE CRS, ADD FUNDING, UPDATE POCS, AND UPDATE EDAR 3452.232-72. THE TOTAL OBLIGATED AMOUNT HAS INCREASED BY $5,140,…
    $39.52M
  • September 26, 2023
    Mod P00001 · Funding Only Action
    PROVIDE INCREMENTAL FUNDING THROUGH DECEMBER 31, 2023.
    $13.33M

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Lifetime obligated dollars across all federal contracts in this NAICS code.

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Frequently asked questions

What is contract 91003123F0308?

Contract 91003123F0308 is a federal contract awarded to Edfinancial Services Llc by Department Of Education on September 26, 2023 for $10.64 million of work classified under FINANCIAL TRANSACTIONS PROCESSING, RESERVE, AND CLEARINGHOUSE ACTIVITIES. It has been modified 6 times since the base award.

Who won contract 91003123F0308?

Edfinancial Services Llc won contract 91003123F0308 from Department Of Education.

How much is contract 91003123F0308 worth?

Contract 91003123F0308 has obligated $10.64 million to date, with a total potential value of $41.92 million if all options are exercised.