Performance Work Statement.pdf
PDF 335 KB Posted
- Solicitation number
- 83310120Q0036
- Issued by
-
Export Import Bank of the US
About this file
This document provides a performance work statement and notice of intent for a sole source contract award. The Export Import Bank of the United States seeks loan recovery assistance from a contractor to collect an outstanding $3,000,000 debt from Banco Santos in Brazil. Services required include borrower negotiations, restructuring, legal proceedings, and credit restructuring to recover assets on Export Import Bank Claim numbers 123992 and 123993. The notice expresses intent to award noncompetitively to Varella e Advogados Associados in Brazil. Responses to the notice will be considered by May 26, 2020. The contract type will be firm fixed price for services performed in the United States and Brazil. The purpose is to assist in collecting amounts owed and executing upon assets as directed, including asset searches, site visits, negotiations, litigation, and agreement documentation.
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| File | Type | Posted |
|---|---|---|
| Justification and Approval_Redacted.pdf |
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Text version
EXPORT-IMPORT BANK ON BEHALF OF
OFFICE OF THE BOARD OF DIRECTORS TO PROVIDE RECOVERY
PERFORMANCE WORK STATEMENT (PWS)
December 10, 2019
1.0 INTRODUCTION
EXIM Bank seeks to contract for loan recove1y assistance from a recovery finn principally collecting balances of certain paid claims under its credit guarantee and insurance programs.
The Conh·actor shall provide all personnel, equipment, supplies, facilities, transportation, tools, materials, supervision, and other items and non-personal services necessary to perform loan recovery services of an EXIM Bank defaulted debt of $3,000,000 [EXIM Bank Claim No.
123992/123993] from Banco Santos located in Brazil, as defined in this Performance Work Statement except for those items specified as Government furnished property and services.
2.0 BACKGROUND
(a) The Expmi-Import Bank of the United States ("EXIM Bank") supports the financing of U.S.
goods and services. It assumes credit and country risks the private sector is unable or unwilling to accept. In covering these risks EXIM Bank pays on claims related to insmance policies and guarantees. Upon payment of the claim it becomes the responsibility of the Asset Recovery Group ("ARG") within the Asset Management Division ofEXIM Bank ("AMD") to seek repayment from the debtor and/or guarantors.
(b) Throughout this document the term "recovery officer(s )" will be used. For the pmposes of this document, recovery officer(s) refers to the International Recovery Officers, Working Capital Officers, and Managing Director - Recoveries; within ARG.
3.0 SCOPE
The contractor shall provide collection services and servicing of defaulted loans which may include borrower negotiations, restmcturing, and workout agreements. The Contractor shall provide the following but not limited to provide loan recovery services, institute legal proceedings, provide credit restructming services and talce such other actions required to effect recovery for EXIM Bank.
4.0 OBJECTIVES (NATURE OF WORK)
To recover a s s e t s, institute legal proceedings and/or provide credit resh·ucturing related to the claim(s), involving the d e b t or and guarantor(s).
Desired Outcome: Recovery of outstanding debt
Constraints: Debtor failed to comply with a resh'uctmed repayment agreement.
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