USDA's Rural Housing Service awards $2.2M for loan servicing support to Chickasaw Business Solutions
Contract Overview
Contract Amount: $2,244,816 ($2.2M)
Contractor: Chickasaw Business Solutions, LLC
Awarding Agency: Department of Agriculture
Start Date: 2025-09-26
End Date: 2026-06-25
Contract Duration: 272 days
Daily Burn Rate: $8.3K/day
Competition Type: NOT AVAILABLE FOR COMPETITION
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: THE PURPOSE OF THIS TASK ORDER IS TO PROVIDE TECHNICAL AND PROFESSIONAL SUPPORT SERVICES FOR THE SERVICING OFFICE'S CUSTOMER LOAN SERVICING DIRECTORATE.
Place of Performance
Location: SAINT LOUIS, SAINT LOUIS CITY County, MISSOURI, 63102
State: Missouri Government Spending
Plain-Language Summary
Department of Agriculture obligated $2.2 million to CHICKASAW BUSINESS SOLUTIONS, LLC for work described as: THE PURPOSE OF THIS TASK ORDER IS TO PROVIDE TECHNICAL AND PROFESSIONAL SUPPORT SERVICES FOR THE SERVICING OFFICE'S CUSTOMER LOAN SERVICING DIRECTORATE. Key points: 1. Spending focuses on technical and professional support for loan servicing. 2. The contract is a delivery order under an unspecified contract. 3. No specific competition details are available, raising potential concerns. 4. The sector is primarily administrative support within the housing finance domain.
Value Assessment
Rating: fair
The total award is $2.24M over 272 days. Without a clear benchmark or comparison to similar contracts for loan servicing support, assessing value is difficult. The firm fixed price structure provides some cost certainty.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract is listed as 'NOT AVAILABLE FOR COMPETITION', indicating a limited competition approach. This limits price discovery and potentially leads to higher costs for taxpayers.
Taxpayer Impact: The limited competition may result in a higher cost to taxpayers compared to a fully competitive procurement.
Public Impact
Impacts homeowners and borrowers who rely on the Servicing Office's functions. Ensures continuity of essential loan servicing operations. Supports the Department of Agriculture's mission in rural housing.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of competition
- Limited transparency on contract vehicle
Positive Signals
- Firm fixed price contract
- Clear period of performance
Sector Analysis
This contract falls under professional and technical consulting services, specifically related to financial services and administration. Benchmarks for similar loan servicing support contracts are not readily available, but the award amount appears moderate for the duration.
Small Business Impact
The awardee, Chickasaw Business Solutions, LLC, is listed. However, it is unclear if they are a small business or if small business participation was a requirement or outcome of this specific task order.
Oversight & Accountability
Oversight would typically be managed by the Department of Agriculture's Rural Housing Service contracting officers. The limited competition aspect warrants closer scrutiny to ensure fair pricing and performance.
Related Government Programs
- Other Scientific and Technical Consulting Services
- Department of Agriculture Contracting
- Rural Housing Service Programs
Risk Flags
- Limited competition raises cost concerns.
- Lack of transparency regarding the parent contract.
- Potential for vendor lock-in.
- Need for robust government oversight to ensure performance.
Tags
other-scientific-and-technical-consultin, department-of-agriculture, mo, delivery-order, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Agriculture awarded $2.2 million to CHICKASAW BUSINESS SOLUTIONS, LLC. THE PURPOSE OF THIS TASK ORDER IS TO PROVIDE TECHNICAL AND PROFESSIONAL SUPPORT SERVICES FOR THE SERVICING OFFICE'S CUSTOMER LOAN SERVICING DIRECTORATE.
Who is the contractor on this award?
The obligated recipient is CHICKASAW BUSINESS SOLUTIONS, LLC.
Which agency awarded this contract?
Awarding agency: Department of Agriculture (Rural Housing Service).
What is the total obligated amount?
The obligated amount is $2.2 million.
What is the period of performance?
Start: 2025-09-26. End: 2026-06-25.
What is the specific nature of the technical and professional support services required for loan servicing?
The data indicates the need for technical and professional support services for the Servicing Office's Customer Loan Servicing Directorate. This likely encompasses a range of activities such as loan processing, customer inquiries, data management, compliance assistance, and potentially system support related to loan portfolios.
What are the risks associated with a 'not available for competition' award for essential loan servicing functions?
The primary risk is the potential for inflated costs due to the lack of competitive bidding, which can lead to inefficient use of taxpayer funds. It also limits the government's ability to explore innovative solutions or secure better pricing from a wider pool of qualified vendors.
How effective is this contract in ensuring the continuity and quality of loan servicing operations?
Effectiveness hinges on the vendor's performance and the clarity of the statement of work. While the firm fixed price and defined period offer some structure, the lack of competition means the government relies heavily on the chosen vendor's capabilities and the agency's internal oversight to ensure quality service delivery.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Other Scientific and Technical Consulting Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES
Competition & Pricing
Extent Competed: NOT AVAILABLE FOR COMPETITION
Solicitation Procedures: ONLY ONE SOURCE
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 2600 JOHN SAXON BLVD STE 2223, NORMAN, OK, 73071
Business Categories: 8(a) Program Participant, American Indian Owned Business, Category Business, Limited Liability Corporation, Minority Owned Business, Native American Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Tribally Owned Firm, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $2,993,088
Exercised Options: $2,244,816
Current Obligation: $2,244,816
Actual Outlays: $997,696
Contract Characteristics
Multi-Year Contract: Yes
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 12C0BA22D0004
IDV Type: IDC
Timeline
Start Date: 2025-09-26
Current End Date: 2026-06-25
Potential End Date: 2026-09-25 00:00:00
Last Modified: 2026-03-02
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