NGM Releases Government Debt Collection Contract Data for Third Quarter

Net Gain Marketing, Inc. (www.netgain4results.com) today released data from the firm’s GovWatch operations (www.mygovwatch.com) indicating that requests for proposal (RFPs) from public sector entities seeking to outsource collection operations yielded more than $1 billion in portfolios available for bidding and eventual servicing during the second quarter of 2008.

From July 1, 2008 through the end of September, there were more than 50 contracts let out for bid, including those let out by:

•    The State of Kansas
•    The City of St. Petersburg, Florida
•    Parkland Health and Hospital System (Texas)

New outsourcing opportunities this past quarter from entities that have either never before outsourced collections or that outsourced a new portfolio included those announced by:

•    The State of Texas
•    The University of Houston at Clear Lake

More complete information on government collection contracts is available in the fourth quarter edition of The Public Eye.

NGM’s GovWatch service helps companies win more government contracts by enabling them to know the past history of contracts, know what contracts are out for bid at any given time, and predict which contracts will be coming out for bid soon.