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  5. ›24088-AIDEA Outside Legal Counsel

Awarded contract·Alaska Energy Authority·Alaska

24088-AIDEA Outside Legal Counsel

Won by Awarded to$7MAwarded 1/24/2024Single Award
Contract source

Awarded vendors

  • Awarded to

Description

The Alaska Industrial Development and Export Authority (AIDEA) issued RFP 24088 to obtain as‑needed legal counsel across eleven specialty areas, including commercial transactions, development projects, environmental law, bankruptcy, collections, project financing, personnel & employment, contract work, easements & access rights, constitutional matters, and tort liability defense. The agency may award multiple separate contracts (or task orders) to qualified firms, each contract having an initial three‑year term with the possibility of up to three one‑year extensions. Proposals were due 27 Dec 2023, with contract award expected in January 2024. Payment is on a monthly, item‑by‑item basis, reflecting hourly rates and reimbursable expenses. The solicitation emphasizes a minimum of ten years experience in the selected specialty and includes robust insurance and indemnification requirements. • Scope: “As‑needed” legal services in 11 defined specialties, allowing AIDEA to call on awarded firms for individual matters as they arise. • Term: Initial ≈ 3‑year period beginning 24 Jan 2024, with up to three optional one‑year renewals (potentially through 24 Jan 2030). • Evaluation: 55 % weight on specialty experience, 20 % on cost, 15 % on firm organization, and a 10 % Alaska‑offeror preference. • Submission: Separate technical and cost PDFs emailed to the procurement officer; registration required for amendment notifications. • Insurance: Minimum $5 M coverage in workers’ comp, commercial general liability, automobile liability, and professional liability.

Attached files

Key dates

Bids closed
12/27/2023
Intent to award
1/24/2024
Awarded
1/24/2024
Starts
1/24/2024
Ends
1/24/2030Renews
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Indefinite Delivery / Indefinite Quantity (IDIQ)
Industry
Legal Services
NAICS
541110
Solicitation №
RFP 24088 – Outside Legal Counsel

Contract value

$7,000,000

No explicit contract value is disclosed. The RFP allows multiple as‑needed contracts across eleven specialties, each potentially ranging from a few hundred thousand to over one million dollars annually depending on case complexity. Assuming AIDEA will award 2–3 firms per specialty, with an average annual fee of $800,000 per firm, the three‑year base period could approximate $4.8 million (3 years × 2 firms × $800k). Adding three optional one‑year extensions could increase the ceiling by another $2.4 million, yielding a rough total ceiling of $7.2 million. Therefore a reasonable ballpark estimate for the full contract (including all possible renewals) is around $7 million.

AI estimate from the award documents

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