Finance Authority of Maine Outside Collections Services Provider RFQ - 2026
Finance Authority of Maine | State of MaineState · Augusta, ME- Due
- Jul 31, 2026
- Deadline passed
- Posted
- Jul 1, 2026
- Primary contact
- Christopher Roney
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THE 30-SECOND BRIEF
The Finance Authority of Maine (FAME) is seeking proposals from interested and qualified parties to serve as outside collections services provider, performing loan collection activities on behalf of FAME and other State of Maine agencies. The portfolio consists of over $80MM of education loans, primarily unsecured, education-related consumer loans originated under several different programs. The scope includes contacting borrowers and/or co-signers, attempting to negotiate repayment plans, implementing and monitoring repayment plans, and potentially initiating and prosecuting judicial collection proceedings to judgment. Interested parties must submit proposals by email to [email protected] no later than 5:00 PM EDT on July 31, 2026. Questions must be received by July 17, 2026. Proposals will be evaluated based on qualifications and experience (40 points) and cost proposal (60 points).
Qualifications and Experience (40), Cost Proposal (60)
SUMMARY
The Finance Authority of Maine (FAME) is seeking proposals from interested and qualified parties to serve as outside collections services provider, performing loan collection activities on behalf of FAME and other State of Maine agencies.
The portfolio consists of over $80MM of education loans, primarily unsecured, education-related consumer loans originated under several different programs. The scope includes contacting borrowers and/or co-signers, attempting to negotiate repayment plans, implementing and monitoring repayment plans, and potentially initiating and prosecuting judicial collection proceedings to judgment. Interested parties must submit proposals by email to [email protected] no later than 5:00 PM EDT on July 31, 2026. Questions must be received by July 17, 2026. Proposals will be evaluated based on qualifications and experience (40 points) and cost proposal (60 points).
EVALUATION CRITERIA
Qualifications and Experience (40), Cost Proposal (60)
REQUIRED ATTACHMENTS
6- Bidder Certification/Proposal Form
- Exhibit A
- Exhibit B
- Cyber Risk Management Questions
- List of all current litigation and closed cases
- Certificate of insurance
- Submit to
- [email protected]
- Scope location
- Maine
- Reported agency
- Finance Authority of Maine
Questions about this RFP
How do I respond to this RFQ from Finance Authority of Maine | State of Maine?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is July 31, 2026. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: [email protected]. For questions, contact Christopher Roney.
Can small businesses or minority-owned firms bid on this RFQ?
Most government agencies, including Finance Authority of Maine | State of Maine in ME, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFQ submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Christopher Roney. Questions and answers are typically shared with all prospective bidders.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Qualifications and Experience (40), Cost Proposal (60)" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Finance Authority of Maine | State of Maine?
All active and historical solicitations from Finance Authority of Maine | State of Maine are tracked and searchable. As a state agency, Finance Authority of Maine | State of Maine regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What documents are required to bid on this RFQ?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Bidder Certification/Proposal Form, Exhibit A, Exhibit B, Cyber Risk Management Questions, list of all current litigation and closed cases, certificate of insurance. Review the full document from Finance Authority of Maine | State of Maine for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Maine. Review the full solicitation for detailed scope requirements.