title
PROPOSED CONTRACT
Department(s): Department of Revenue, Clerk of the Circuit Court, Cook County Health and Hospital Systems, State’s Attorney’s Office
Vendor:
AllianceOne Receivables Management, Inc., Trevose, Pennsylvania
Pioneer Credit Recovery, Arcade, New York
Harris & Harris Ltd. Chicago, Illinois
Nationwide Credit and Collections, Oakbrook, Illinois
Request: Authorization for the Chief Procurement Officer to enter into and execute
Good(s) or Service(s): Debt Collection Services
Contract Value: Revenue Generating - Contingency Fee Based
Contract period: 2/17/2022 - 2/16/2027 with one (1), one-year renewal option
Potential Fiscal Year Budget Impact: Contingency Fee Based
Accounts: Various
Contract Number(s):
2053-18384A - AllianceOne Receivables Management, Inc.
2053-18384B - Pioneer Credit Recovery
2053-18384C - Harris & Harris Ltd.
2053-18384D - Nationwide Credit and Collections
Concurrences:
The vendors have met the Minority- and Women-owned Business Enterprise Ordinance via direct participation.
The Chief Procurement Officer concurs.
Summary: These contracts are for Countywide Debt Collection Services. The vendors will provide comprehensive debt collection services on behalf of the Cook County State’s Attorney’s Office on outstanding accounts classified as uncollectible by the Department of Revenue, Clerk of the Circuit Court, Cook County Health and Hospital Systems.
These contracts include three types of contingency fees: (1) Primary Accounts are new debt; (2) Secondary Accounts are old debt that has been transferred to the new servicer; (3) Litigation is debt that has been otherwise uncollectable and recovery necessitated litigation.
Contingency fees on collections are as follows:
2053-18384A - AllianceOne Receivables Management, Inc.
(Revenue): Primary Accounts (14.99%), Secondary Accounts (14.99%) Litigation (14.99%)
(Clerk): Primary (14.75%,) Secondary Accounts (14.75%) Litigation (14.75%)
2053-18384B - Pioneer Credit Recovery
(Revenue): Primary Accounts (14.50%), Secondary Accounts (21.90%) Litigation (30.00%)
2053-18384C - Harris & Harris Ltd.
(Clerk): Primary (14.95%,) Secondary Accounts (14.95%) Litigation (14.95%)
2053-18384D - Nationwide Credit and Collections
(Health & Hospital Systems) Primary Accounts (13.50%), Secondary Accounts (16.00%) Litigation (16.00%)
Request for Proposal (RFP) procedures were followed in accordance with the Cook County Procurement Code and the contract awards are being selected based on established evaluation criteria.
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