NOTICE OF INTENT TO AWARD A SOLE SOURCE CONTRACT FOR COMMERCIAL LEGAL SERVICES

Country: United States
Language: EN
Customer: Overseas Private Investment Corporation
Number: 4460271
Publication date: 26-09-2017
Source: Federal Business Opportunities

Description

NOTICE OF INTENT TO AWARD A SOLE SOURCE CONTRACT FOR COMMERCIAL LEGAL SERVICESSolicitation Number: OPIC-17-Q-0008
Agency: Overseas Private Investment Corporation
Office: Contracts and Administrative Services
Location: Contracts and Administrative Services

Solicitation Number: OPIC-17-Q-0008

Notice Type: Combined Synopsis/Solicitation

Synopsis: Added: Sep 25, 2017 3:53 pm **THIS IS A NOTICE OF INTENT TO AWARD A SOLE SOURCE CONTRACT
FOR COMMERCIAL LEGAL SERVICES**
The Overseas Private Investment Corporation (OPIC) is the U.S. Government"s Development Finance Institution. OPIC"s mission is to provide loans, guaranties, political risk insurance, and investment funds to assist American businesses expand into emerging markets.
This is a notice issued as required by FAR 5.203. Because this procurement will be for commercial services and have a not-to-exceed value of below the $7000000, OPIC intends to award this sole source contract under the authority of FAR 13.501(a)(1).
OPIC requires legal counsel to represent and advise OPIC in connection with decisions regarding potential remedies regarding multiple events of default now existing under loan documents related to the Intermac transaction. OPIC"s interests may require the exercise of enforcement rights on all or part of the trust entities tied to the project and loan collateral. It is essential for OPIC to engage a law firm that has existing knowledge of and experience with this transaction in order to minimize risk of serious financial injury to OPIC in its recovery prospects.
In order to perform this work, a law firm must have attorneys directly employed by the firm who have provided representation or counsel in connection with the Intermac project in Honduras and who are experienced in enforcing legal rights to sweep available cash, foreclose on trust assets, and exercise share pledges. The attorneys must also not be limited or prevented by conflict of interest from representing OPIC in this matter.
The North American Industry Classification System (NAICS) code for this requirement is 541110 with the size standard of $11 million. This notice of intent is not a request for proposals or quotes; however, all responsible and capable sources may submit statements of capabilities, which, if received within seven calendar days of publication of this notice, shall be considered by OPIC. A determination by the Government not to open the requirement to competition based upon the responses to this notice is solely within the discretion of the Government. Information received will be considered solely for the purpose of determining whether to conduct a competitive procurement.


Contracting Office Address: 1100 New York Ave, NW
Washington, District of Columbia 20527


Primary Point of Contact.: George Sullivan

george.sullivan@opic.gov Phone: 2023368495


General Information Notice Type: Combined Synopsis/Solicitation

Posted Date: September 25, 2017

Response Date: Oct 02, 2017 5:00 pm Eastern

Archiving Policy: Manual Archive

Archive Date: -

Original Set Aside: N/A

Set Aside: N/A

Classification Code: R -- Professional, administrative, and management support services

NAICS Code: 541 -- Professional, Scientific, and Technical Services/541110 -- Offices of Lawyers


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