Creditsights risk products subscription services
Ended Definitive Contract Awarded Last action
- Contract number
- 16PBGC20C0025
- Awardee
-
Creditsights Inc. UEI C4RKTBA1GLS8 Part of The Hearst Corporation
- Awarding agency
-
Pension Benefit Guaranty Corporation
- Obligated
- $955,645
Award facts
- Opportunity
-
- Notice of Intent to Award Sole Source Special Notice · 16PBGC20Q0061 · Posted Aug 4, 2020
- Contract value 100% obligated
- $955,645.00 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 519130 Internet Publishing and Broadcasting and Web Search Portals
- Set-aside
- No set-aside
- Competition
- Not Competed under SAP · 1 offer Simplified Acquisition
- Pricing
- Firm Fixed Price
- Place of performance
- New York, NY 10016, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | $0 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $202,592 | |
| Exercise an Option | $196,691 | |
| Supplemental Agreement for work within scope | $190,962 | |
| Supplemental Agreement for work within scope | $185,400 | |
| Original award | $180,000 |
About this award
The Pension Benefit Guaranty Corporation (PBGC) awarded a definitive contract to CreditSights Inc. on August 24, 2020, for subscription services to CreditSights' Risk Products platform. Under this firm fixed-price contract with a ceiling value of $955,645, the PBGC's Corporate Finance & Restructuring Department will receive fifteen user licenses providing access to web-based financial analytics and customized quarterly reports. The subscription delivers critical financial intelligence on credit quality, debt obligations, and company-specific financial news, enabling PBGC personnel to assess creditworthiness and support pension plan termination determinations. The contract was awarded as a sole-source engagement without small business set-aside designation, with performance scheduled through August 23, 2025, comprising a one-year base period and four option years.
CreditSights Inc., a subsidiary of The Hearst Corporation, serves as the prime contractor with no identified subcontractors. The Hearst Corporation, a diversified media and information services company, maintains an active federal contracting portfolio through multiple subsidiaries providing financial data, analytics, and specialized information services to various government agencies. The work will be performed in New York, New York, supporting PBGC's mission to insure and protect the pensions of American workers covered by defined benefit pension plans.
Quick answers
Who was awarded contract 16PBGC20C0025?
16PBGC20C0025 was awarded to Creditsights Inc. by Pension Benefit Guaranty Corporation on August 24, 2020.
How much is contract 16PBGC20C0025 worth?
The government has obligated $955,645 on 16PBGC20C0025.
Was contract 16PBGC20C0025 competed?
The extent of competition for 16PBGC20C0025 was not competed under sap. The government received 1 offer.
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