Strategic BCP today announced it would review, free of charge, the business continuity and disaster recovery portions of any proposals collection agency vendors intend to submit to the Department of Treasury, Financial Management Service, which are due in Washington, DC, on Friday, July 28, 2006.
Plans will be reviewed by Strategic BCP President Frank Perlmutter, a nationally renowned expert on Business Continuity Planning and a former standards developer, contracting officer, risk management advisor, and auditor for the U.S. Department of Treasury?s Financial Management Service.
?Given today?s heightened awareness in the Federal government regarding disaster planning, and the importance of maintaining cash flow under collection contracts, the quality of a potential vendor?s contingency plans will undoubtedly be one differentiator for vendors aggressively pursuing this contract,? noted Mr. Perlmutter.
The contract calls for the selection vendors to start work by October 1, 2006. As of this writing, 95 collection agencies are qualified to submit a proposal.
Strategic BCP announced it completed its mapping of the business continuity ?genome? for collection agencies and creditors earlier this year, effectively creating a single Business Continuity ?gold standard? for the industry.