Friday 3 June 2011

HMRC in £1.5bn debt collection tender

HM Revenue and Customs has selected 10 debt collection agencies (DCAs) to work placements valued at between £500 million and £1.5 billion following a tender process.
The 10 agencies selected are in line to share between £30 million and £70 million in fees from the two-year deal, were notified of their selection on May 20, following what one DCA chief executive called “the largest tender the industry has seen in 20 years”.

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