LPO is seeking lead outside legal counsel to assist DOE in the evaluation and negotiation of such terms and conditions, and in the preparation of all documents to evidence such terms and conditions of…
Ended Definitive Contract Awarded Last action
- Contract number
- 89303021CLP000010
- Awardee
-
Shearman & Sterling LLP UEI XCBQNHJ4GJE3
- Awarding agency
-
Headquarters
Department of Energy
- Obligated
- $1,169,123
Award facts
- Contract value 100% obligated
- $1,169,123.00 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- Funding agency
- Office of Loan Programs Department of Energy
- NAICS code
- 541199 All Other Legal Services
- PSC
- R699 Support- Administrative: Other
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 6 offers Negotiated Proposal / Quote
- Pricing
- Time and Materials
- Place of performance
- New York, NY 10022, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | -$97,475 | |
| Supplemental Agreement for work within scope | $750,000 | |
| Other Administrative Action | -$83,688 | |
| Funding Only Action | $200,285 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Original award | $400,000 |
About this award
The Department of Energy's Loan Programs Office awarded a contract modification to Shearman & Sterling LLP, a global law firm specializing in federal infrastructure and energy financing matters, to deobligate $97,474.50 from the existing contract. The original contract, awarded on May 19, 2021, carries a ceiling value of $1.17 million and operates on a time and materials pricing basis with an ultimate completion date of May 18, 2026. The engagement involves providing lead outside legal counsel to assist DOE in evaluating and negotiating terms and conditions for underwriting and structuring arrangements, as well as preparing all requisite documentation to evidence such terms. The work will be performed in New York, New York, and no set-aside designation was used in this award.
Shearman & Sterling LLP brings substantial expertise in complex federal financing programs, having served multiple agencies including the Department of Transportation, Environmental Protection Agency, and the Export-Import Bank on critical infrastructure initiatives. The firm maintains a significant $11.45 million Indefinite Delivery/Indefinite Quantity contract with the Department of Transportation's Build America Bureau through February 2029, under which it has delivered over $2.9 million in legal services supporting Transportation Infrastructure Finance and Innovation Act and Railroad Rehabilitation and Improvement Financing programs. This DOE engagement aligns with the firm's established practice of providing specialized transaction support and advisory services for sophisticated federal credit programs and infrastructure projects.
Description
LPO is seeking lead outside legal counsel to assist DOE in the evaluation and negotiation of such terms and conditions, and in the preparation of all documents to evidence such terms and conditions of underwriting, structuring, negotiating, and
Quick answers
Who was awarded contract 89303021CLP000010?
89303021CLP000010 was awarded to Shearman & Sterling LLP by Headquarters (Department of Energy) on May 19, 2021.
How much is contract 89303021CLP000010 worth?
The government has obligated $1,169,123 on 89303021CLP000010.
Which agency awarded contract 89303021CLP000010?
Headquarters (Department of Energy) awarded 89303021CLP000010, with funding from Office of Loan Programs (Department of Energy).
Was contract 89303021CLP000010 competed?
The extent of competition for 89303021CLP000010 was full and open competition. The government received 6 offers.
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