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Doing Business with the FDIC

Legal Support Services Deskbook

Last Updated: May 10, 2021
Legal Support Services Deskbook Printable Format

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Statement of Work


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— SAMPLE —


FEDERAL DEPOSIT INSURANCE CORPORATION
LEGAL DIVISION

STATEMENT OF WORK

I. SCOPE OF WORK

Independently, and not as an agent of the Federal Deposit Insurance Corporation (“FDIC”), (Firm/Individual) (“Vendor”) will provide court reporting as requested.

II. STANDARD OF PERFORMANCE

The Vendor will provide court reporting services to an equal or higher standard, acceptable to an experienced court reporter, to act in good faith and in the best interest of the FDIC, and to use its best efforts in exercising sound business judgment in providing these goods and services. Vendor agrees:

1. The Vendor will provide a rate of $150 for a full day’s work (with transcript, $300 if no transcript); or

2. The Vendor will provide a rate of $75 for a half day’s work with transcript, $200 if no transcript); or

3. The Vendor will provide a rate of $4.95 per page (1 exempt page requesting a rough ASCII);

4. The Vendor is advised that FDIC will not be responsible for any injury sustained by Vendor;

5. The Vendor is advised that FDIC will not pay any late payment charges;

6. The Vendor is advised that individuals authorized to request services, as designated by Regional Counsel (Name), (Telephone Number) are:

a. (Name), (Telephone Number); and
b. (Name), (Telephone Number).

III. PERIOD OF PERFORMANCE:

The Vendor is advised that orders for services covered by this contract may commence on (Date) through (Date), or will terminate at the end of the case cited in the Agreement or Contract (“Period of Performance”).

The Vendor is advised that the option to renew this contract for any subsequent cases will depend in part upon fully satisfactory performance during this period.

IV. CONSIDERATION:

The Vendor is advised that in consideration for fully satisfactory performance and acceptance of the goods and services described herein, the Vendor will be paid in accordance with the price(s) agreed upon.

The Vendor is advised that any price changes that are billed by Vendor during the contract performance will not be paid.

The Vendor is advised that all invoices should be promptly submitted for payment during the period of performance.

V. WARRANTY:

The Vendor certifies that it currently possesses all necessary licenses, permits and approvals, required in the applicable jurisdiction, needed to provide and sell these goods or services, and has the authority to enter into this contract. The Vendor will be required to provide proof of insurance coverage for Worker’s Compensation and Employers’ Liability Insurance (minimum $100,000 policy) and General Liability Insurance (minimum $500,000 policy) upon award or contract.

VI. DELIVERY INSTRUCTIONS

Delivery will be made as specified by the individual authorized to request services. See Standard of Performance. Paragraph 11, above. If no place of delivery is stated, delivery will be made to person and place stated for receipt of invoices or bills.

VII. BILLING INSTRUCTIONS

The Vendor is advised that all invoices must be in duplicate and must include the price of each item listed in the invoice. All invoices shall be submitted for payment to:

(Name)
FDIC, Legal Division
(Address)
(City, State, Zip)

VIII. TAXES:

The Vendor is advised that FDIC is exempt from paying any and all City, County, State, and Federal taxes as provided by Tax Exempt No. 53-0185558.

Agreed and accepted by:

_________________________________
For (Firm or Company’s Name)

_________________________________
Date