Worldwide Debt Recovery - Follow-on
Closed Special Notice Posted
- Solicitation number
- 83310125Q0003
- Agency
- Export Import Bank of the US
- Responses due
- Set-aside
- No set-aside
Opportunity facts
- NAICS code
- 561440 Collection Agencies
- PSC
- R418 Support- Professional: Legal
- Place of performance
- Herndon, Virginia 20170, United States
- Points of contact
-
- Brent Finagin william.finagin@exim.gov (202) 565-3157
- Travis Finkle travis.finkle@exim.gov (571) 328-9859
Notice details come from SAM.gov. Updated .
About this opportunity
The Export Import Bank of the US has issued a Special Notice for a Worldwide Debt Recovery Follow-on Contract, focusing on continuing legal recovery services for existing defaulted loans. The contract will be awarded on a sole-source basis to Global Recovery Group, LLC (GRG), which has been providing these services since 2004. This follow-on contract will replace the existing contract 20-F-0006 and cover a five-year period. The notice emphasizes that no new recovery cases will be added under this contract, but instead will continue ongoing legal work and recovery actions already in progress. The procurement is categorized under the Collection Agencies NAICS code 561440 and the Professional Legal Support PSC code R418.
The primary objective of this Special Notice is to ensure continuity of debt recovery efforts for EXIM Bank's legacy portfolio by retaining the current vendor with extensive institutional knowledge. The contractor will be responsible for services including asset searches, site visits, negotiations, litigation, and executing asset collections across international jurisdictions. Key requirements include preparing written recovery plans within 60 days of contract execution, conducting preliminary research, and attempting extrajudicial collection within 90 days. Compensation is structured as a contingency fee based on actual cash recoveries, and the contractor must maintain a 99% Acceptable Quality Level for litigation services. Eligibility is limited to the incumbent vendor due to the sole-source justification, which cites FAR provisions allowing award to the original vendor when recovery actions are still pending. The contract aims to establish fairness for vendors, retain good relations with a limited vendor pool, and maximize long-term benefits for the government.
Notice text
When an individual AMD recovery contract ends but the recovery action is still pending resolution, we award follow-on contracts on a sole source basis to the original vendor (per FAR 16.505(2)(c)) as long as it is for the same recovery case(s). The rationale for this is the combination of contingency payment agreement and the frequent long length of the recovery process. With limited vendor availability, if we did not follow this practice, the original vendor could perform most of the work and the subsequent vendor would reap the rewards of any funds recovered. By awarding follow-on contracts in this manner, we establish fairness for the vendors in an unusual situation, retain good relations with a limited vendor pool for future needs, and therefore get the best long-term benefit to the government. No new work is coming of this follow-on contract, all work performed is a continuation of legal work that has already been started.
Attachments
| File | Type | Posted |
|---|---|---|
| COR Memo to File - Sole-Source Justification (JOFOC) - Worldwide Debt Recovery - REDACTED.pdf | ||
| Performance Work Statement (PWS) - Worldwide Debt Recovery - REDACTED.pdf |
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