PWS_Redacted_Final.pdf
PDF 314 KB Posted
- Attached to
- Standard Recovery - Italy Federal contract opportunity
- Solicitation number
- 83310126Q0066
- Issued by
- Export Import Bank of the US
About this file
This is a Performance Work Statement (PWS) for loan recovery services issued by the Export-Import Bank (EXIM Bank) on September 10, 2026. EXIM Bank seeks to contract with a recovery firm to collect defaulted loan balances from certain paid claims under its credit guarantee and insurance programs. The work involves a specific case in Italy (case number G084779) regarding recovery and release of a lien pledged under a claim, with the contractor expected to work in coordination with EXIM Bank's Asset Management Division (AMD) and Asset Recovery Group (ARG).
The contractor must provide all necessary personnel, equipment, materials, transportation, supervision, and other services to perform loan recovery services. Three primary tasks are defined: Task 1 requires a written recovery plan and collectable amount assessment within 60 days of contract execution, including asset searches, credit analysis, and legal action research; Task 2 involves filing fees (activated by contract modification only) with a written cost-benefit analysis; and Task 3 covers payment for actual recovered defaulted principal amounts on a contingency basis. The contractor must attempt extrajudicial collection within 90 days and, under EXIM Bank's written instruction, institute legal proceedings if necessary. The contractor must hold duly qualified registration as an attorney in Italy, possess full knowledge of the Italian judicial system, and meet performance requirements including 99% acceptable quality level for litigation responsiveness, 100% schedule compliance, cost control within approved budgets, and professional business relations. Semi-annual performance evaluations are required, with meetings scheduled every six months.
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| File | Type | Posted |
|---|---|---|
| Recovery_JOFOC_Final_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)
September 10, 2026
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 contract with the IA Group, B.V legal services firm, for the following case in Italy: G084779).” as defined in this
Performance Work Statement in Section C except for those items specified as Government furnished property and services. Contractor to provide services to release a lien of the settled outstanding debt.
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.
4.0 OBJECTIVES (NATURE OF WORK)
To recover assets, institute legal proceedings and/or provide credit restructuring related to the claim(s), involving the debt or and guarantor(s).
Desired Outcome: Release of lien pledged under claim.
5.0 APPLICABLE DIRECTIVES
Full knowledge of the Italian judicial system, duly qualified / registered attorney in Italy, 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 Italy.
The firm shall take such other action as AMD may require to undertake 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 request and timeliness of the response.
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
Management of Key
Personnel
Appropriate credentials for the work involved.
Registration within the
Italian 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
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