Description
The Kentucky Department of Fish and Wildlife Resources (KDFWR) is seeking proposals from qualified law firms to provide professional legal services for the recovery of funds on a contingency fee basis. The services relate to the recovery of funds owed to the Commonwealth of Kentucky, KDFWR, pursuant to a terminated contract with a contractor. The scope of work includes initial case assessment and strategy, recovery and enforcement, and potential litigation management. The contract will be awarded based on a comprehensive evaluation of technical and cost proposals, with a maximum contingency fee of 20% of the amount recovered up to $10 million.
• The contractor will be responsible for conducting an initial assessment of the terminated contract and related loan documents.
• The contractor will identify the total amounts recoverable, including loan principal, accrued interest, paid incentives, and contractual damages.
• The contractor will develop and present a comprehensive recovery plan.
• The contractor will prepare and issue demand letters, engage in negotiations, and pursue settlements or judgments.
• The contractor will enforce liens and other security interests.
• The contractor will coordinate all recovery actions with KDFWR.
• The contractor will submit an initial assessment and recovery plan within 30 days of award.
• The contractor will provide monthly status reports and a final recovery report within 30 days of contract completion.