Debt Recovery Services
Introduction
The Debt Recovery Services Framework, managed by the North Western Universities Purchasing Consortium (NWUPC), is a structured procurement route specifically catering to financial recovery needs within the higher education sector. This framework agreement, which is not a Dynamic Purchasing System (DPS), is set to run until 11th June 2026. It is designed to assist NWUPC member institutions in efficiently recovering outstanding debts, thus supporting their financial stability and operational continuity.
Context & Use Case
The framework is part of a comprehensive suite of over 100 agreements available to NWUPC members, tailored to address various organisational requirements. The Debt Recovery Services Framework is particularly relevant for universities and similar institutions that need professional support in managing overdue payments. Contracting authorities within the education sector often face challenges in debt management, and this framework provides a reliable solution by enabling access to expert debt recovery services. By utilising this framework, universities can ensure that their financial obligations are met promptly and that cash flow is maintained effectively.
Scope of Services
The Debt Recovery Services Framework encompasses a variety of services aimed at facilitating the efficient collection of debts. The typical services covered under this framework include: 1. Pre-litigation advice and consultation to assess the validity and enforceability of debts. 2. Structured debt collection strategies that are compliant with legal and ethical standards. 3. Access to expert negotiators who can engage with debtors to reach amicable settlements. 4. Provision of litigation services if necessary, including court representation. 5. Reporting and analytics services to track recovery progress and improve future strategies.
Who Can Apply
Suitable suppliers for this framework are typically those with a demonstrated track record in financial services, particularly in debt recovery. This includes firms specialising in legal debt collection, financial consultancy, and credit management. While the framework is not a DPS and does not allow for open applications throughout its duration, suppliers interested in participating should have a strong emphasis on compliance, ethical practices, and a deep understanding of the higher education sector's unique financial environment.
Buyer Benefits
Public sector buyers, particularly universities, benefit from this framework by having a compliant and efficient mechanism to address outstanding debts. The framework allows for expedited access to pre-vetted suppliers, reducing the time and resources typically required for procurement processes. Additionally, it fosters competition among suppliers, which can lead to more favourable terms and potentially better recovery rates. By participating in this framework, universities can enhance their financial operations, ensuring that resources are available for their primary educational and research functions.
Lots
Not applicable
Next Steps
Suppliers interested in joining the Debt Recovery Services framework should carefully review the detailed requirements and specifications provided by NWUPC. It is advisable to contact the contracting authority directly to obtain the most accurate and updated information regarding application procedures and eligibility. Engaging with the framework owner will also provide insights into specific service expectations and performance standards.
How Biddable Can Help
Biddable assists suppliers by offering a comprehensive view of available frameworks, including the Debt Recovery Services Framework. Our platform helps suppliers discover relevant opportunities, prepare effectively for applications, and maintain visibility over their procurement pipeline. By providing access to essential information and resources, Biddable supports suppliers in making informed decisions and enhancing their participation in public sector procurement.