FINANCIAL_SERVICESAWARDED

NY-State-Bridge Authority Awards Financial Services Contract to Transworld Systems Inc (tsi) (July 2024)

The New York State Bridge Authority awarded a two-year collections contract to Transworld Systems Inc. (TSI) for Toll by Mail past-due accounts, with fees of 9.9% on revenue TSI collects and 8.9% on debt recovered by the Authority and the E-ZPass NY Customer Service Center, capped at $350,000. The agreement includes options for three additional one-year renewals.

Document date · July 18, 2024

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $350,000 for initial two-year term; 9.9% fee on revenue collected by TSI and 8.9% fee on debt collected by the Authority and E-ZPass NY CSC
Contract type
FINANCIAL_SERVICES
Contract term
Initial two (2) year term commencing with initial collection activities, with option to renew for three (3) additional one-year terms
Renewal
Initial two-year term with the Authority’s option to renew for three additional one-year periods; payment is contingency-based on amounts collected.
Document type
AgendaPacket
Source document
New York State Bridge Authority AgendaPacket Regular Board Meeting 2024-07-18

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by NY-State-Bridge Authority?

Transworld Systems Inc (tsi) was awarded this financial services contract by NY-State-Bridge Authority, as recorded on July 18, 2024. The contract value is Not to exceed $350,000 for initial two-year term; 9.9% fee on revenue collected by TSI and 8.9% fee on debt collected by the Authority and E-ZPass NY CSC.

How much is the Transworld Systems Inc (tsi) contract with NY-State-Bridge Authority worth?

The Transworld Systems Inc (tsi) contract with NY-State-Bridge Authority is valued at Not to exceed $350,000 for initial two-year term; 9.9% fee on revenue collected by TSI and 8.9% fee on debt collected by the Authority and E-ZPass NY CSC, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in New York State Bridge Authority AgendaPacket Regular Board Meeting 2024-07-18 (AgendaPacket), dated July 18, 2024 from NY-State-Bridge Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Transworld Systems Inc (tsi) hold?

Transworld Systems Inc (tsi) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Transworld Systems Inc (tsi)'s profile

What is NY-State-Bridge Authority currently buying?

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