Financial & Restructuring Advisory and Appraisal/Evaluation Services for Loans made by the Federal Financing Bank (FFB) and guaranteed by the Rural Utilities Service (RUS) to Brazos Electric Power Cooperative, Inc. .
Awarded Limited / Sole Source Justification Posted
A later notice was posted: the Limited / Sole Source Justification from .
- Solicitation number
- 12RADA21C0001_P00007
- Agency
-
Rural Housing Service
Department of Agriculture
- Set-aside
- No set-aside
Opportunity facts
- Contract number
- 12RADA21C0001 Federal contract award
- NAICS code
- 541611 Administrative Management and General Management Consulting Services
- PSC
- R710 Support- Management: Financial
- Place of performance
- United States
Notice details come from SAM.gov. Updated .
About this opportunity
The United States Department of Agriculture Rural Development published a Limited/Sole Source Justification Notice to modify an existing contract with an unnamed vendor providing financial and restructuring advisory services for loans made by the Federal Financing Bank and guaranteed by the Rural Utilities Service to Brazos Electric Power Cooperative. The bankruptcy case involving Brazos Electric has not progressed as quickly as anticipated, requiring an additional year of services through April 2023 to assist in retaining the security of the RUS/FFB loan and maximizing receipts upon the loan. The contract modification increases the period of performance and award amount by $1,700,000, bringing the total value to $4,999,775, and extends services through April 2023 to evaluate loan collateral assets and analyze Brazos Electric's financials.
Notice text
The purpose of this requirement is to assist in securing the RUS/FFB loan with Brazos Electric Power Cooperative, Inc. The contractor is providing financial/restructuring advisory and appraisal/evaluation services to assist in retaining the security of the RUS/FFB loan and retaining receipts upon the loan. Services include evaluation of all the assets securing the RUS/FFB loans and an in-depth analysis of the financials of Brazos Electric Power Cooperative, Inc. to ensure maximal recovery for RUS. The current contract value is $3,299,775.00 and the modification to increase the value of the contract by $1,700,000.00 will result in a total contract value of $4,999,775.00.
Awarded contract 12RADA21C0001 to unknown vendor for unknown amount on 2022-04-04.
Files
| File | Type | Posted |
|---|---|---|
| 12RADA21C0001 P00007 Sole Source JA.pdf |
Notice history
| Notice | Type | Posted |
|---|---|---|
| Financial & Restructuring Advisory and Appraisal/Evaluation Services for Loans made by the Federal Financing Bank (FFB) and guaranteed by the Rural Utilities Service (RUS) to Brazos Electric Power Cooperative, Inc. . | Limited / Sole Source Justification | |
| This notice | Limited / Sole Source Justification | |
| Financial & Restructuring Advisory and Appraisal/Evaluation Services for Loans made by the Federal Financing Bank (FFB) and guaranteed by the Rural Utilities Service (RUS) to Brazos Electric Power Cooperative, Inc. . | Award Notice |
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