Export- Import Bank Of The U. S. - Export- Import Bank Of The U. S. - Export Import Bank Of Us - Agency Bids & RFPs

The bid notice states that this is a sole-source award, implying that the award criterion is based on the unique qualifications of the selected contractor. The rationale for this is the combination of contingency payment agreement and the frequent long length of the recovery process, with limited vendor availability. The bid notice states: 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.

The bid notice states that the contractor must have specialized knowledge to minimize risks and maximize chances of success in executing rights under finance documents, and a need for confidentiality. Specifically, the local counsel in Brazil must have experience in locating assets, especially potential hidden assets, and embargoing and executing upon such assets; drafting and negotiating restructuring agreements; and litigating collection matters in all levels of courts throughout the debtors country. They must also have experience handling collection matters on behalf of foreign entities, especially foreign government entities, and be familiar with Exim Bank's policies and procedures, handling of funds, facilitation of payments, and fraud. The firm Varella Advogados Associados is described as uniquely qualified due to seasoned recovery expertise, commercial legal expertise, and a full understanding of Exim Bank's activities, collection processes, rules, and regulations. The bid notice states: it is imperative to hire local counsel in brazil where the claim is to be litigated with experience in: locating assets, especially potential hidden assets,, and embargoing and executing upon such assets drafting and negotiating restructuring agreements appropriate for debtors of the type in this matter and litigating the collection matter in all levels of courts throughout the debtors country.

The bid notice mentions site visits as part of the services to be provided. The bid notice states: These efforts will include, as Exim may direct, asset searches, site visits, negotiations, litigation, documentation of agreements, embargoing assets and executing upon assets.

The delivery of database access begins when database has been successfully installed and customizations completed.

Successful offeror must have the ability to fully access the existing database and transition all records to the new system.

The estimated value for this contract is pertaining to recovery fees of of recovery estimated at .