Debt Collection

City College Plymouth is looking to appoint a new debt collection agency. This contract is for the supply of debt collection services to the College for an initial contract period of 3 years with 2 possible twelve month extensions. Annually, the College raises approximately 2600 invoices totalling around £8million. The value of the total debt referred can be up to £150,000 from 40 debtors. The College offers no guarantee of any work or any set volume of work throughout the contract period.