Specifications include, but are not limited to: STATE is requesting proposals for one entity to provide collection services on a contingency fee basis.
STATE will send accounts to successful offeror each month. STATE requires the option to be able to electronically upload the accounts and the ability to electronically adjust account balances and electronically record payments received by STATE.
The successful offeror shall perform timely collection procedures on the accounts in an effort to collect the maximum amount of funds owed to STATE. The successful offeror will provide STATE with the following monthly reports for each division in both a hard copy and electronic format:
Accumulative totals by month and year of: beginning balance; amounts sent to successful offeror; adjustments; amounts returned to STATE; amounts collected; amounts due to successful offeror; amounts due to STATE; and accumulative total remaining.
All new accounts sent to successful offeror.