Contract EDFSA13C0021
Maximus Federal Services, Inc. · Department Of Education · September 25, 2020
Maximus Federal Services, Inc. was awarded a federal contract by Department Of Education on September 25, 2020 for $71.48 million of work in commercial banking. Performance is in Mclean, VA. It was awarded under full and open competition. The contract has been modified 26 times since the base award It uses firm fixed-price contract pricing. The most recent modification was on September 16, 2025. If all options are exercised, the contract could reach $945.08 million.
Contract details
- PIID
- EDFSA13C0021
- Award type
- Definitive Contract
- Pricing
- Firm Fixed Price
- Set-aside
- No Set Aside Used.
- Competition
- Full And Open Competition
- NAICS
- 522110 · Commercial Banking
- Product / service
- Support- Management: Financial
- Place of performance
- Mclean, VA
- First action
- September 25, 2020
- Latest action
- September 16, 2025
Description
DEBT MANAGEMENT AND COLLECTIONS SYSTEM (DMCS) -DE-OBLIGATE FY22-24 FUNDS IN THE AMOUNT OF $11,842.93 FROM, CONTRACT LINE ITEM 7001AB, 7003AC, 7003AD, 8002AB, AND 8002AM.
Modification timeline
-
September 16, 2025Mod P00311 · Funding Only Action$906.92M
-
August 19, 2025Mod P00310 · Other Administrative ActionDEBT MANAGEMENT AND COLLECTIONS SYSTEM (DMCS) -DE-OBLIGATE FY24 FUNDS IN THE AMOUNT OF $1,890,408.31 FROM (REFERENCE CONTRACT MODIFICATION NO. P00304 PURCHASE REQUEST NO. EDOFSA-24-001121), UNDER CONT…$906.93M
-
July 1, 2025Mod P00309 · Other Administrative ActionDEBT MANAGEMENT AND COLLECTIONS SYSTEM (DMCS)$908.82M
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September 25, 2024Mod P00304 · Exercise An OptionDEBT MANAGEMENT AND COLLECTIONS SYSTEM OPERATIONS CONTRACT (FSA'S BORROWER DEFAULT PORTFOLIO SYSTEM). EXERCISE FAR 52.217-8 OPTION TO EXTEND SERVICES FROM 01 NOV 2024 TO 31 JAN 2025 DUE TO DMCS-NEXT A…$911.19M
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September 20, 2024Mod P00303 · Supplemental Agreement For Work Within ScopeTHE PURPOSE OF THIS MODIFICATION IS TO OBLIGATE FUNDS OF $7,445,836.20 FOR CR 7008, TOP 65 DAY NOTICES END OF FRESH START, ADDITIONAL FUNDING FOR BORROWER DEFENSE CR 6346, 5239 ON DEBT MANAGEMENT AND …$893.08M
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September 13, 2024Mod P00302 · Supplemental Agreement For Work Within ScopeTHE PURPOSE OF THIS MODIFICATION IS TO OBLIGATE FUNDS OF $116.074.11 FOR CR 7054, NSLDS IDR PROXY INELIGIBLE MONTHS, ON DEBT MANAGEMENT AND COLLECTIONS SYSTEM OPERATIONS CONTRACT (FSA'S BORROWER DEFAU…$885.64M
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September 6, 2024Mod P00301 · Supplemental Agreement For Work Within ScopeTHE PURPOSE OF THIS MODIFICATION IS TO OBLIGATE FUNDS OF $400.786.24 FOR CR 7011, DMCS - NEW PAYMENT CALCULATION METHODOLOGY, ON DEBT MANAGEMENT AND COLLECTIONS SYSTEM OPERATIONS CONTRACT (FSA'S BORRO…$885.52M
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August 26, 2024Mod P00300 · Funding Only ActionTHE PURPOSE OF THIS MODIFICATION IS TO PROVIDE ADDITIONAL FUNDS OF $2,237,884.90 FOR MAILOUTS ON CR 7039, DMCS SDR - DMCS STUDENT DEBT RELIEF DISCHARGE PROCESSING ON DEBT MANAGEMENT AND COLLECTIONS SY…$885.12M
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August 21, 2024Mod P00299 · Funding Only ActionTHE PURPOSE OF THIS MODIFICATION IS TO DE-OBLIGATE FY22 FUNDING FROM DEBT MANAGEMENT AND COLLECTIONS SYSTEM CONTRACT IN THE AMOUNT OF $1,116,413.81 FOR PARTIAL CANCELLATION OF CR 6120, DMCS ENABLEMENT…$882.88M
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July 29, 2024Mod P00298 · Exercise An OptionDEBT MANAGEMENT AND COLLECTIONS SYSTEM -DMCS EXERCISE FAR 52.217-8 OPTION TO EXTEND SERVICES FROM 1 AUG 2024 TO 31 OCT 2024 DUE TO DMCS-NEXT ACQUISITION DELAY.$884.00M
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Top contractors in NAICS 522110
Lifetime obligated dollars across all federal contracts in this NAICS code.
| # | Contractor | Contracts | Obligated |
|---|---|---|---|
| 1 | Citibank, N.A. | 15 | $134.07M |
| 2 | U.S. Bank National Association | 12 | $3.76M |
| 3 | Umb Bank, N.A. | 1 | $250.0K |
| 4 | U.S. Bancorp | 16 | $7.2K |
| 5 | Hancock Whitney Bank | 1 | $2.2K |
| 6 | Bank Of New York Mellon (The) | 1 | $0 |
| 7 | Citibank, National Association | 2 | $0 |
| 8 | Armed Forces Bank, National Association | 1 | $0 |
| 9 | Miscellaneous Foreign Awardees | 1 | $0 |
| 10 | Principal Bank | 1 | $-500 |
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Frequently asked questions
What is contract EDFSA13C0021?
Contract EDFSA13C0021 is a federal contract awarded to Maximus Federal Services, Inc. by Department Of Education on September 25, 2020 for $71.48 million of work classified under COMMERCIAL BANKING. It has been modified 26 times since the base award.
Who won contract EDFSA13C0021?
Maximus Federal Services, Inc. won contract EDFSA13C0021 from Department Of Education.
How much is contract EDFSA13C0021 worth?
Contract EDFSA13C0021 has obligated $71.48 million to date, with a total potential value of $945.08 million if all options are exercised.