PWS - Intl. Recovery (Germany) - FINAL_Redacted.pdf

EXPORT-IMPORT BANK ON BEHALF OF

OFFICE OF THE BOARD OF DIRECTORS TO PROVIDE RECOVERY

PERFORMANCE WORK STATEMENT (PWS)

January 2, 2025

1.0 INTRODUCTION

EXIM Bank seeks to contract for loan recovery assistance from a recovery firm principally collecting balances of certain paid claims under its credit guarantee and insurance programs.

The Contractor shall provide all personnel, equipment, supplies, facilities, transportation, tools, materials, supervision, and other items and non-personal services necessary to perform loan recovery services as stated “standard recovery for case for a total buyer debt of ” as defined in this Performance

Work Statement except for those items specified as Government furnished property and services.

The Period of Performance for this contract will be five (5) years.

2.0 BACKGROUND

(a) The Export-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 insurance policies and guarantees. Upon payment of the claim it becomes the responsibility of the Asset Recovery Group

(“ARG”) within the Asset Management Division of EXIM 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 purposes 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, restructuring, and workout agreements. The Contractor shall provide the following but not limited to provide loan recovery services, institute legal proceedings, provide credit restructuring services and take such other actions required to effect recovery for

EXIM Bank. Before beginning the recovery and collection services, the Contractor shall prepare and forward a written report to the Requesting Officer, outlining the plan for recovery and estimated amount of the defaulted principal that is collectable. Legal services shall be in accordance with the Statement of Work.

4.0 OBJECTIVES (NATURE OF WORK)

To recover a s s e t s , institute legal proceedings and/or provide credit restructuring related to the claim(s), involving the d e b t o r and guarantor(s).

Desired Outcome: Recovery of outstanding debt,

5.0 APPLICABLE DIRECTIVES

Full knowledge of the Germany/Netherlands judicial system, duly qualified / registered attorney in Germany/Netherlands, if litigation is pursued.

6.0 GOVERNMENT FURNISHED INFORMATION OR PROPERTY

EXIM Bank will notify contractor by email from the COR as to the specifics of case to be recovered.

7.0 SPECIFIC REQUIREMENTS/TASKS

The firm is to attempt recovery on behalf of and, if provided EXIM Bank' s express instruction to do so, institute legal proceedings and/or provide credit restructuring services to EXIM Bank's Asset Management Division ("AMD") related to the referenced claim(s), involving the referenced debtor and guarantor(s), located in Germany/Netherlands.

The firm shall take such other action as AMD may require to effect recovery for EXIM

Bank. The firm is instructed to: (i) perform a preliminary research and evaluation of the case, including, but not limited to, asset search, credit analysis and legal actions registered against the Obligor; (ii)attempt extrajudicial collection of the claim amount within 90 days of the date hereof and report the results of such attempt to AMD in acceptable format; and

(iii) under written instructions received from AMD, file legal proceedings against the

Debtor and the Guarantors if the firm is unable to effect an extrajudicial collection of all amounts due under the claim.

Task 1:

The Contractor shall provide all labor, equipment, materials, postage, supervision, expenses, and travel necessary to conduct collection investigation services for EXIM Bank on the above stated case(s). Before beginning the recovery and collection services, the

Contractor shall prepare and forward a written report to the Requesting Officer, outlining the plan for recovery and estimated amount of the defaulted principal that is collectable.

Legal services shall be in accordance with the Statement of Work.

Contractor’s written report shall be submitted in the suggested format and shall be presented within 60 days of execution of Contract.

Task 2: Filing Fee(s)

This Line Item will be activated by means of a modification only from EXIM Bank's contracting office. The Contractor will forward a written report to EXIM Bank's Requesting

Officer, which will outline the costs and risks associated with the anticipated filing fee(s).

Task 3: Payment for Recovery of Defaulted Principal respond to the request and timeliness of the response.

performed on a monthly

Very Good (between

99.8% and 96%)

Satisfactory (between

95.9% and 92%)

Marginal (between

91.9% and 90%

Unsatisfactory (less than

90%).

Schedule Every 6 months All deliverables as described in the PWS and specified

100%

Inspection

Exceptional

Very Good Satisfactory

Marginal Unsatisfactory

Ongoing as per

Contract

Cost Control Within Line 2

(legal costs) and

Line 3 (actual cash recoveries)

All deliverables as described in the PWS and specified in the approved

Schedule of

Deliverables

100%

Inspection

Exceptional

Very Good Satisfactory

Marginal Unsatisfactory

As stated in

Contract – contingency fee on actual cash recoveries

Business

Relations

Professional and respectful of all parties

Regular and ad-hoc meetings between contractor and

Government

Semi-Annual

Performance

Evaluation

Exceptional

Very Good Satisfactory

Marginal Unsatisfactory

Ongoing

Managemen t of Key

Personnel

Appropriate credentials for the work involved.

Registration within the

Germany/Nethe rlands judicial system to perform legal work.

Regular and ad-hoc meetings between contractor and

Government as needed

Semi-Annual

Performance

Evaluation

Exceptional

Very Good Satisfactory

Marginal Unsatisfactory

Ongoing