Standard Recovery - India (Follow-on)

EXIM Bank is issuing a sole-source follow-on contract for asset protection and recovery services related to defaulted claims in India, continuing work previously performed by IA Group B.V. under contract 83310121C0010, which expires August 19, 2026. The new solicitation, numbered 83310126Q0054, is justified under FAR 16.505(b)(2)(iii) to ensure continuity in long-running recovery proceedings, preventing an unrelated vendor from benefiting from the initial efforts of the original provider. This contract is performance-based and contingent upon actual cash recoveries, with compensation structured as a fee tied to collections rather than fixed pricing. The NAICS code 541110 applies, classifying the work as legal services with a $16 million size standard, and the contractor must be a duly registered and qualified legal practitioner within the Indian judicial system to conduct litigation, asset searches, site visits, negotiations, and documentation of agreements as directed by EXIM’s Asset Management Division. Performance occurs in Washington, D.C., India, and the Netherlands, with all deliverables submitted to the Washington, D.C. office for review and acceptance. The contract spans five years and includes mandatory reporting requirements such as a recovery plan within 60 days of award, extrajudicial reports within 90 days, and biannual litigation outcome updates, all of which must be submitted in approved formats. Evaluation is based on litigation success rate, schedule adherence, cost control, business relations, and management of key personnel, using a five-tier adjectival rating system with thresholds for Exceptional, Very Good, Satisfactory, Marginal, and Unsatisfactory performance. No formal FAR clauses are listed, and no packaging, marking, or billing instructions are specified, as this is a professional services arrangement. The contractor is required to maintain confidentiality, avoid conflicts of interest, and obtain prior written approval for litigation and extraordinary expenses. IA Group B.V. remains the only qualified source due to its irreplaceable expertise in U.S. government recovery matters within India’s legal framework, with no other entities having demonstrated the necessary experience or access to EXIM’s historical case data. The contracting officer is Travis Finkle, and submissions are due by August 4, 2026, to the Office of Contract Services at EXIM Bank's Washington, D.C. address.