Collection RFPs from Government Totaled over $2 billion in value in Q1

Net Gain Marketing today released data from the firm?s GovWatch operations indicating that requests for proposal (RFPs) from public sector entities seeking to outsource collection operations yielded $2,002,647,183 in portfolios available for bidding and eventual servicing during the first quarter of 2006. Of this number, $4,368,425 represented portfolios from entities that had never before outsourced.

Entities releasing RFPs during the first quarter included long-time outsourcers such as the Illinois Student Assistance Commission, the State of Oregon, and the State of Maryland. Newcomers to outsourcing during the first quarter included the State of New Hampshire?s Department of Health and Human Services, the New York City Housing Authority, and Smith County, TX.

Nick Bernardo, principal consultant of Net Gain Marketing, remarked, ?The first quarter saw some interesting opportunities released by well known public sector buyers and some released by entities new to using private collection agencies, with a lot of overlapping due dates for responses. During high volume periods, it?s especially important that collection agencies target the right opportunities based on their relative strengths in relation to particular contracts and on other available data.?

Net Gain Marketing?s GovWatch service enables collection agencies to outsource the front-end and back-end data collection efforts needed to market more efficiently to public sector buyers. Through GovWatch, Net Gain Marketing (www.netgain4results.com) researches contracts nationally, providing clients with a consolidated snapshot of every opportunity to save time for busy collection agency executives.

Additional GovWatch operations include following up with buyers to capture additional information and submitting FOIA requests (Freedom of Information Act) to buyers after various contracts have been awarded to uncover additional details. Through GovWatch, Net Gain Marketing provides comparable pricing data to assist clients in pricing their bids while helping them tell their unique stories in a compelling, compliant format.