Legal services
Ended Definitive Contract Awarded Last action
- Contract number
- 83310121C0010
- Awardee
-
IA Group B.V. UEI ELA2PCTNL8N8
- Awarding agency
-
Export Import Bank of the US
- Obligated
- $10,442
Award facts
- Opportunity
-
- Standard Recovery Contract - India Special Notice · 83310121Q0068 · Posted Jul 20, 2021
- Contract value 100% obligated
- $10,442.46 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 541110 Offices of Lawyers
- PSC
- R418 Support- Professional: Legal
- Set-aside
- No set-aside
- Competition
- Not Competed · 1 offer Only One Source
- Pricing
- Firm Fixed Price
- Place of performance
- India
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | -$542,998 | |
| Other Administrative Action | $0 | |
| Original award | $553,441 |
About this award
The Export-Import Bank of the United States, a civilian agency, awarded a definitive firm-fixed-price contract with a $10,442.46 ceiling to IA Group B.V. on August 20, 2021, for legal services in the form of standard recovery of defaulted loan balances. The award carries no set-aside and was sole-source.
The originating Special Notice, posted July 20, 2021 with responses due July 27, 2021, announced EXIM's intent to award the sole-source contract to IA Group B.V. to collect approximately $2.5 million owed by obligors and guarantors on two defaulted loan cases in India. The scope requires collection investigations, extrajudicial recovery attempted within 90 days, and, on EXIM's instruction, legal proceedings and credit restructurings. Contractors must be qualified and registered to practice law in India. Compensation is 15% of actual cash recoveries.
Place of performance is India. The ultimate completion date is August 19, 2026, and the award is in final closeout, recorded as a de-obligation with an amount of $542,998.46.
Quick answers
Who was awarded contract 83310121C0010?
83310121C0010 was awarded to IA Group B.V. by Export Import Bank of the US on August 20, 2021.
How much is contract 83310121C0010 worth?
The government has obligated $10,442 on 83310121C0010.
Was contract 83310121C0010 competed?
The extent of competition for 83310121C0010 was not competed. The government received 1 offer.
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