Special studies/analysis- other
Ended Definitive Contract Awarded Last action
- Contract number
- 16PBGC20C0024
- Awardee
-
Lynchval Systems Worldwide, Inc. UEI V5JDCFMNZK45
- Awarding agency
-
Pension Benefit Guaranty Corporation
- Obligated
- $11,337,724
Award facts
- Opportunity
-
- Legacy Pension Insurance Modeling System (PIMS) Solicitation · 16PBGC20Q0036 · Posted May 14, 2020
- Contract value 98% obligated
- $11,562,625.04 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 541611 Administrative Management and General Management Consulting Services
- PSC
- B599 Special Studies/Analysis- Other
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 1 offer Negotiated Proposal / Quote
- Pricing
- Labor Hours
- Place of performance
- Washington, DC 20024, USA
- Legislative mandates
-
- Employment Eligibility Verification (E-Verify) FAR subpart 22.18
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | -$609,448 | |
| Other Administrative Action | $777,044 | |
| Additional Work (new agreement, FAR part 6 applies) | $0 | |
| Exercise an Option | $1,462,993 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | -$224,901 | |
| Exercise an Option | $2,441,152 | |
| Supplemental Agreement for work within scope | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $2,330,028 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $300,000 | |
| Supplemental Agreement for work within scope | -$117,582 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $2,412,163 | |
| Supplemental Agreement for work within scope | $150,000 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $220,000 | |
| Original award | $2,196,275 |
Show all 22
About this award
The Pension Benefit Guaranty Corporation awarded a definitive contract valued at $11.56M to Lynchval Systems Worldwide Inc. on September 1, 2020, for professional services supporting the Legacy Pension Insurance Modeling System. Under this labor-hour contract, Lynchval provides actuarial support, operations and maintenance services, and system modifications for PBGC's stochastic simulation tool used to model single-employer and multi-employer pension plan universes. The contract, which does not utilize a set-aside designation, was structured with a one-year base period and four one-year option periods for a maximum 60-month performance period, with ultimate completion targeted for August 31, 2025. Work is performed in Washington, DC.
Lynchval Systems Worldwide Inc., a specialized pension and OPEB software consulting firm based in Herndon, Virginia, was selected based on technical approach, past performance references, and pricing using fixed hourly rates across multiple labor categories. The company has exclusively supported PBGC's pension-related technical and analytical needs since its initial contract in 2020, demonstrating deep expertise in complex actuarial modeling and insurance program support for federal agencies. The current contract is in closeout status with de-obligation of excess funds from fiscal years 2022, 2023, and 2025 in preparation for final contract closure.
Quick answers
Who was awarded contract 16PBGC20C0024?
16PBGC20C0024 was awarded to Lynchval Systems Worldwide, Inc. by Pension Benefit Guaranty Corporation on September 1, 2020.
How much is contract 16PBGC20C0024 worth?
The government has obligated $11,337,724 on 16PBGC20C0024. Its current value, with exercised options, is $11,562,625.
Was contract 16PBGC20C0024 competed?
The extent of competition for 16PBGC20C0024 was full and open competition. The government received 1 offer.
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