Lockbox service for missing participants program.

Ended Definitive Contract Awarded Last action

Contract number
16PBGC20C0005
Awardee
Awarding agency
Obligated
$33,749

Award facts

Opportunity
  • 16PBGC20Q0005 Solicitation number
Contract value 93% obligated
  • $33,749.15 Current, with exercised options
  • $36,464.62 Potential, with all options
Completion date 100% complete
Current and potential, with all options
NAICS code
522110 Commercial Banking
Set-aside
No set-aside
Competition
Competed under SAP · 1 offer Simplified Acquisition
Pricing
Firm Fixed Price
Place of performance
Washington, DC 20024, USA

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Close Out P00010 · DE-obligate FY-22 through FY-25 funds in preparation for contract closeout. -$17,163
Other Administrative Action P00009 · This is a migrated award please review the award for detailed description $2,800
Exercise an Option P00008 · The purpose of this modification is to extend the services of this contract from december 15, 2024 to february 13, 2024. $1,400
Other Administrative Action P00007 · Add IPP, fascsa, and TIK TOK clauses to contract. $0
Exercise an Option P00006 · Exercising option period four for lockbox services for missing participants program. $9,886
Supplemental Agreement for work within scope P00005 -$2,715
Exercise an Option P00004 $9,886
Exercise an Option P00003 $9,886
Supplemental Agreement for work within scope P00002 $0
Exercise an Option P00001 $9,886
Original award $9,886
Show all 11

About this award

Written by GovTribe AI ·

This is a definitive contract awarded by the Pension Benefit Guaranty Corporation (PBGC), a civilian federal agency, to U.S. Bancorp (doing business as US Bank NA) for lockbox services related to the agency's Missing Participants Program. The contract has a firm fixed price of $36,464.62 and a period of performance from December 15, 2019 to June 13, 2025. There was no set-aside designation for this award. U.S. Bancorp, a large, for-profit financial services corporation, has a significant history of providing specialized financial services to various federal agencies through multiple contract vehicles, including a $700,000 Federal Supply Schedule contract with the General Services Administration.

Quick answers

Who was awarded contract 16PBGC20C0005?

16PBGC20C0005 was awarded to U.s. Bancorp by Pension Benefit Guaranty Corporation on December 15, 2019.

How much is contract 16PBGC20C0005 worth?

The government has obligated $33,749 on 16PBGC20C0005. Its potential value, with all options, is $36,465.

Was contract 16PBGC20C0005 competed?

The extent of competition for 16PBGC20C0005 was competed under sap. The government received 1 offer.

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