Irrevocable Letter of Credit (ILOC) Financial Assurance
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
AI Contract Overview
This subcontract involves the provision and management of an Irrevocable Letter of Credit (ILOC) as financial assurance to guarantee contract performance. The ILOC is set at 40% of the total contract value, serving as a security measure to ensure compliance and fulfillment of contractual obligations. The contract is associated with NAICS code 522110, indicating its relation to financial services, specifically those involving credit and escrow agents. The contracting agency is the Department of State, specifically the Acquisitions - Rpso Frankfurt office. The place of performance for this contract is Berlin, and the contract was posted on April 8, 2026. While no solicitation number or set-aside details are provided, the arrangement emphasizes financial risk mitigation through the use of an irrevocable letter of credit, which is a common instrument to protect the government's interests in subcontracting agreements.
General Info
Agency
NAICS
Place of Performance
Berlin , DE-BE, DEUSet-Aside
Documents
This scope was carved out of 19GE5026R0056.
The full solicitation package (1 document), including the RFP, is on the prime solicitation, not on this scope.
professional design services, and construction necessary to Replace existing Demarc building including Transformers, Low Voltage switchgear and Main Utility Switchgear; also Improve draining around building site. At the U.S. Embassy Berlin – Clay Allee c
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