Introduction
The St. Louis Economic Development Partnership (the “SLEDP”) is a nonprofit corporation, established under Section 501(c)(4) of the Internal Revenue Code for the purpose of promoting and developing industry, commerce, and economic development in St. Louis County and the City of St. Louis, creating high-quality business and employment opportunities, and enhancing the quality of life by advancing long-term, diversified growth throughout the St. Louis region.
Affiliate entities of the SLEDP include, among others: The Industrial Development Authority of the County of St. Louis, Missouri; the Land Clearance for Redevelopment Authority of the County of St. Louis; the St. Louis County Port Authority; St. Louis Center for International Relations d/b/a World Trade Center – St. Louis; Midwest China Hub Commission d/b/a Midwest Cargo Hub Commission; the Gateway to the Midwest Investment Center, Inc.; STL Partnership CDC; and STLVentureWorks (collectively, the “Affiliates”). Hereinafter, SLEDP and the Affiliates are collectively referred to as the “Partnership.”
The Partnership issues this Request for Proposals (the “RFP”) for a qualified professional collection services firm to collect delinquent commercial outstandings. This may include, but is not limited to, delinquencies related to commercial loans, business leases, or various other transactions (the “Services”). The successful firm is anticipated to provide the Services on an as-needed basis for up to a three-year period, ending January 2027.
See the full RFP here.
Scope of Services
- The successful firm’s Services to be furnished pursuant to this RFP shall include, but are not limited to, the following:
- The successful firm shall provide collection services on delinquent commercial loans, business leases, and various other transactions as the need arises. The collection firm will establish repayments terms or collect the full outstanding balances, in consultation with Partnership staff.
- The selected firm must have a valid business license and must be in good standing with the State of Missouri and/or Illinois. Also, the firm cannot have delinquent federal, state, or local tax obligations. In addition, the firm cannot have any pending legal issues.
- The successful firm must carry professional malpractice insurance coverage with limits of at least $1,000,000/$1,000,000.
Submission of Responses
To be considered, proposals must be received no later than Thursday, December 21, 2023, at 3:00 PM CT.
Schedule
RFP Newspaper Advertisement Thursday, November 30, 2023
Submission of Proposals by Thursday, December 21, 2023
Electronic proposals should be in PDF format and sent by email to: [email protected].
St. Louis Economic Development Partnership
Attn: Missy DeMarco
120 S. Central Ave., Suite 200
St. Louis, Missouri 63105
(314) 615-7675