Special asset collateral agent (saca) legal services
Active Indefinite Delivery Contract Awarded Last action
- Contract number
- 89303022DLP000010
- Awardee
-
FTI Consulting, Inc. UEI JFXMP1DYAWK9
- Awarding agency
-
Headquarters
Department of Energy
- Task orders
- 1 $149,590 obligated
Award facts
- Opportunity
-
- Special Asset Collateral Agent (SACA) Solicitation · 89303021RLP000007 · Posted Oct 26, 2021
- Combined order value
- $149,590 Current and potential, with all options
- Last date to order 86% complete
- IDV ceiling 4% used
- $4,000,000.00
- Award type
- Single award
- Who can order
- Only the awarding agency
- Contracting staff
- Funding agency
- Office of Loan Programs Department of Energy
- NAICS code
- 522110 Commercial Banking
- PSC
- R711 Support- Management: Banking
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 2 offers Negotiated Proposal / Quote
- Pricing
- Time and Materials
Award details come from SAM.gov/FPDS.
About this IDV
The Department of Energy (DOE) Office of Loan Programs awarded an Indefinite Delivery Contract (IDC) to FTI Consulting, Inc. to provide specialized legal services as a Special Asset Collateral Agent (SACA). The single-award IDC, valued at up to $4,000,000, has a period of performance through June 2027. Under this contract, FTI Consulting provides legal expertise to assist the DOE in managing distressed assets within the agency's Title XVII loan guarantee portfolio, including guidance on workouts, restructurings, and litigation involving underperforming projects supported through the loan programs.
The DOE has issued a $149,590 Delivery Order under this IDC to cover legal transition fees associated with transferring the Syrah loan to the SACA contract. This task order allows the DOE to leverage FTI Consulting's expertise in mitigating risks and maximizing recoveries for energy infrastructure and advanced technology loans. The contract does not have any set-aside designations, and the work is to be performed in Washington, D.C.
Task orders
| Task order | Ordering agency | Obligated | Awarded |
|---|---|---|---|
| The purpose for this task order is to pay for the legal transition fees in the connection with transferring syrah to… | Headquarters | $149,590 |
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Original award | $0 |
Quick answers
Who was awarded contract 89303022DLP000010?
89303022DLP000010 was awarded to FTI Consulting, Inc. by Headquarters (Department of Energy) on July 1, 2022.
How much is contract 89303022DLP000010 worth?
Orders under 89303022DLP000010 have obligated $149,590. 89303022DLP000010's own ceiling is $4,000,000.
How many orders have been placed under contract 89303022DLP000010?
1 order has been placed under 89303022DLP000010, the latest on July 23, 2024.
Which agency awarded contract 89303022DLP000010?
Headquarters (Department of Energy) awarded 89303022DLP000010, with funding from Office of Loan Programs (Department of Energy).
Who can order from contract 89303022DLP000010?
89303022DLP000010 is a single award indefinite delivery contract. Only the awarding agency can place orders on it.
Was contract 89303022DLP000010 competed?
The extent of competition for 89303022DLP000010 was full and open competition. The government received 2 offers.
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