Standard Recovery - Argentina/Brazil (Follow-on)
Overview
Buyer
Place of Performance
NAICS
PSC
Set Aside
Original Source
Timeline
Qualification Details
Fit reasons
- NAICS alignment with historical contract wins in similar service areas.
- Scope strongly matches core technical capabilities and delivery model.
Risks
- Past performance thresholds may require one additional teaming partner.
- Potential clarification needed on staffing minimums before bid/no-bid.
Next steps
Validate eligibility requirements, assign capture owner, and schedule partner outreach to confirm teaming strategy before submission planning.
Quick Summary
The Export-Import Bank of the U.S. (EXIM Bank) has issued a Special Notice indicating its intent to award a sole-source follow-on contract for asset protection and recovery services related to claims in Argentina and Brazil. This notice is for a follow-on award to an existing vendor, Bertone, Santiago, for ongoing recovery efforts. The response date for this notice is March 5, 2026.
Scope of Work
The requirement is to assist EXIM Bank in collecting outstanding amounts owed by obligors/buyers and guarantors. Services include asset searches, site visits, negotiations, litigation, documentation of agreements, embargoing assets, and executing upon assets. The work primarily concerns a specific case in Brazil/Argentina, with legal proceedings and related activities to be conducted in Argentina. The contractor must possess full knowledge of the Argentinian judicial system and employ qualified attorneys registered in Argentina if litigation is pursued.
Contract & Timeline
- Type: Special Notice (Intent to Sole Source)
- Product/Service Code: R418 (Legal Services)
- NAICS Code: 541110 (Offices of Lawyers) - Size Standard: $16M
- Set-Aside: None (Sole Source)
- Response Date: March 5, 2026, 3:00 PM EST
- Published: February 17, 2026
- Place of Performance: EXIM Bank in Washington, D.C. and Argentina
Rationale for Sole Source
EXIM Bank intends to award this follow-on contract to the original vendor (Bertone, Santiago) on a sole-source basis (per FAR 16.505(2)(c) and FAR 13.106-1(b), 13.501). This approach is justified by the combination of contingency payment agreements, the long duration of recovery processes, and the need to ensure fairness to the original vendor who has performed most of the work. This strategy helps retain good relations with a limited pool of specialized vendors, benefiting the government long-term. The original vendor is uniquely qualified due to their experience with EXIM's administrative requirements, policies, and specific expertise in recovery matters in Brazil/Argentina.
Performance Standards
Performance for litigation is rated on contractor response and timeliness (99% AQL). Payment includes a contingency fee based on actual cash recoveries. Deliverables include semi-annual reports on litigation proceedings and outcomes.