Standard Recovery - El Salvador (Follow-on)

This contract is a sole-source follow-on award under FAR 6.302-1 to La Cima International for asset protection and recovery services related to defaulted loan claims in El Salvador, specifically Claim Nos. I201089 and I201090. The purpose is to continue ongoing recovery efforts that were initiated under a prior contract, ensuring continuity in the process due to the unique qualifications of the vendor and the lengthy, complex nature of asset recovery involving judicial proceedings in El Salvador. The work includes asset searches, site visits, negotiations, litigation, drafting and enforcing restructuring agreements, embargoing assets, and executing upon recovered assets. The contractor must be a duly registered attorney in El Salvador with full knowledge of the local judicial system and must maintain qualified personnel appropriately registered to perform legal work there. The contractor is required to conduct semesterly meetings with EXIM Bank’s recovery officer and Office of General Counsel, submit biannual reports on litigation outcomes—one in El Salvador and one in Washington, D.C.—and provide detailed written plans for recovery and estimated collectable amounts. The contract has a five-year period of performance and is performed in both Washington, D.C., and El Salvador. Payment is solely on a contingency fee basis, meaning the contractor receives a percentage of actual cash recoveries made, with no upfront payment. Extraordinary expenses outside the defined scope require prior written approval for reimbursement. Performance is rigorously monitored through a Performance Requirement Summary, with key metrics including litigation response timeliness and accuracy (targeting a 99%+ threshold), professionalism in business relations, and appropriate credentialing of key personnel. Quality assurance includes monthly surveillance by the Contracting Officer’s Representative, 100% inspection of deliverables, and semi-annual formal evaluations. The contractor must demonstrate proven experience in locating hidden assets, executing asset seizures, and litigating recovery cases across all levels of El Salvador’s courts. The procurement is non-competitive, justified under FAR 6.302-1 due to the need for continuity and the limited availability of vendors with specialized local expertise. The contracting officer is Travis Finkle, with oversight managed through the Office of Contract Services in Washington, D.C.