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Irrevocable Letter of Credit (ILOC) Financial Assurance

Active
Federal

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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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

Provision and management of 40% Irrevocable Letter of Credit for contract performance in Berlin.

Agency

Department Of State → Acquisitions - Rpso FrankfurtView Agency

NAICS

522110 - Commercial BankingView NAICS

Place of Performance

Berlin , DE-BE, DEU

Set-Aside

NONE

Documents

(0)

No documents available

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Organization & Contact Information

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AgencyDepartment Of State → Acquisitions - Rpso Frankfurt
ContactsNo contacts available
OfficeN/A
Organization / Agency
Department Of State → Acquisitions - Rpso Frankfurt
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Office AddressN/A
ContactsNo contact information available

Full Description

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Provision and management of an Irrevocable Letter of Credit (ILOC) for 40% of the contract value as financial assurance for contract performance.

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