Financial advisory services
Ended Definitive Contract Awarded Last action
- Contract number
- 16PBGC20C0006
- Awardee
-
Jefferies LLC UEI LQZTZ2AQUKC3
- Awarding agency
-
Pension Benefit Guaranty Corporation
- Obligated
- $2,700,000
Award facts
- Opportunity
-
- Single-Employer Pension Plan Sponsor Valuation and Restructuring Financial Advisory Services Engagement 2020 Pre-Solicitation · 16PBGC20R0003 · Posted Nov 1, 2019
- Contract value 45% obligated
-
- $3,600,000.00 Current, with exercised options
- $6,000,000.00 Potential, with all options
- Completion date 100% complete
-
- Current, with exercised options
- Potential, with all options
- NAICS code
- 524292 Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds
- PSC
- R710 Support- Management: Financial
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 5 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- Washington, DC 20005, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | -$900,000 | |
| Exercise an Option | $2,700,000 | |
| Original award | $900,000 |
About this award
The Pension Benefit Guaranty Corporation (PBGC), a U.S. government agency, awarded a $6,000,000.00 definitive, firm-fixed-price contract for financial advisory services to Jefferies LLC, a for-profit limited liability company. The contract was awarded on December 18, 2019 with a completion date of December 17, 2021. The contract was not set aside for any specific business type. The contract originated from a pre-solicitation notice posted on November 1, 2019, seeking proposals for a firm to provide valuation and restructuring advisory services related to the PBGC's interests in single-employer pension plans. The contract is for experienced financial advisory services related to distressed valuations, turnaround engagements, and complex in- or out-of-court restructuring transactions.
Quick answers
Who was awarded contract 16PBGC20C0006?
16PBGC20C0006 was awarded to Jefferies LLC by Pension Benefit Guaranty Corporation on December 18, 2019.
How much is contract 16PBGC20C0006 worth?
The government has obligated $2,700,000 on 16PBGC20C0006. Its current value, with exercised options, is $3,600,000. Its potential value, with all options, is $6,000,000.
Was contract 16PBGC20C0006 competed?
The extent of competition for 16PBGC20C0006 was full and open competition. The government received 5 offers.
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