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
- Solicitation number
- 12RADA21C0001_P00009
- 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
- New York, New York 10022, United States
Notice details come from SAM.gov. Updated .
About this opportunity
The United States Department of Agriculture Rural Utilities Service published a Limited/Sole Source Justification Notice to modify an existing contract with Alvarez & Marsal for financial and restructuring advisory and appraisal services to assist in securing $1.8 billion in loans made by the Federal Financing Bank and guaranteed by Rural Utilities Service to Brazos Electric Power Cooperative. The modification increases the total contract value to Alvarez & Marsal from $3,899,175.81 to $4,049,175.81 to extend services through December 31, 2023. As the contractor has provided expertise supporting the bankruptcy case over the past two years, changing contractors could delay the government's response and increase financial risk.
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 $3,899,175.81 and the modification to increase the value of the contract by $150,000.00 will result in a total contract value of $4,049,175.81.
Awarded contract 12RADA21C0001 to unknown vendor for unknown amount on 2023-04-05.
Files
| File | Type | Posted |
|---|---|---|
| 12RADA21C0001 P00009 Sole Source JA.pdf |
Notice history
| Notice | Type | Posted |
|---|---|---|
| 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. . | 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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