Primary paying agent

Ended Definitive Contract Awarded Last action

Contract number
16PBGC18C5001
Awardee
Awarding agency
Obligated
$51,642,126

Award facts

Opportunity
Contract value 100% obligated
$51,844,593.90 Current and potential, with all options
Completion date 100% complete
Current and potential, with all options
NAICS code
541214 Payroll Services
Set-aside
No set-aside
Competition
Full and Open Competition · 1 offer Negotiated Proposal / Quote
Pricing
Firm Fixed Price
Place of performance
Boston, MA 02111, USA

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Funding Only Action P00027 -$30,044
Funding Only Action P00026 · Deobligation of FY22 and FY23 funds. $0
Funding Only Action P00025 $26,146
Other Administrative Action P00024 $0
Exercise an Option P00023 $4,917,270
Other Administrative Action P00022 · Primary paying agent services $0
Supplemental Agreement for work within scope P00021 $26,146
Supplemental Agreement for work within scope P00020 -$33,025
Funding Only Action P00019 $9,834,540
Exercise an Option P00018 $0
Funding Only Action P00017 $16,796
Funding Only Action P00016 $9,548,100
Funding Only Action P00015 · Primary paying agent services $50,000
Exercise an Option P00014 · Payroll services $0
Other Administrative Action P00013 $0
Funding Only Action P00012 -$123,324
Other Administrative Action P00011 · Primary paying agent services $0
Funding Only Action P00010 $9,270,000
Other Administrative Action P00009 · Primary paying agent services $0
Funding Only Action P00008 · Primary payment agent $60,000
Exercise an Option P00007 $0
Other Administrative Action P00006 $0
Funding Only Action P00004 $9,000,000
Exercise an Option P00003 $0
Supplemental Agreement for work within scope P00002 $79,520
Supplemental Agreement for work within scope P00001 $0
Original award $9,000,000
Show all 27

About this award

Written by GovTribe AI ·

The federal contract award, with ID 16PBGC18C5001, is for PRIMARY PAYING AGENT services. It was awarded by the Pension Benefit Guaranty Corporation (PBGC), a civilian federal agency, to State Street Corporation, a for-profit organization. The contract has a ceiling value of $51,844,593.90 and is a Definitive Contract with a Firm Fixed Price pricing type. The contract is not set aside for any specific program or business type. The contract has an ultimate completion date of March 31, 2023 and was initially awarded on October 1, 2017. The place of performance is Boston, MA 02111, USA.

Quick answers

Who was awarded contract 16PBGC18C5001?

16PBGC18C5001 was awarded to State Street Corporation by Pension Benefit Guaranty Corporation on October 1, 2017.

How much is contract 16PBGC18C5001 worth?

The government has obligated $51,642,126 on 16PBGC18C5001. Its current value, with exercised options, is $51,844,594.

Was contract 16PBGC18C5001 competed?

The extent of competition for 16PBGC18C5001 was full and open competition. The government received 1 offer.

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