Closed Solicitation · EXPORT-IMPORT BANK OF THE US
AI Summary
The Export-Import Bank of the United States has issued a special notice regarding a follow-on contract for worldwide debt recovery, set to close on December 18, 2024, at 10:00 AM EST. This contract falls under NAICS Code 561440 and is awarded on a sole source basis to the original vendor involved in the recovery case, as per FAR 16.505(2)(c). The decision to grant follow-on contracts is based on the need to maintain fairness among vendors, given the lengthy nature of recovery processes and the existing contingency payment agreements. It is important to note that this contract does
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.
WORLDWIDE DEBT RECOVERY - FOLLOW-ON is a federal acquisition solicitation issued by EXPORT-IMPORT BANK OF THE US. Review the full description, attachments, and submission requirements on SamSearch before the response deadline.
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