Asset management services - novation
Ended Definitive Contract Awarded Last action
- Contract number
- 16PBGC20C0026
- Awardee
-
CSM Advisors LLC UEI M31CBWSAJVZ9
- Awarding agency
-
Pension Benefit Guaranty Corporation
- Obligated
- $488,915
Award facts
- Opportunity
-
- PBGC01RP150025 Solicitation number
- Contract value 23% obligated
-
- $2,146,401.92 Current, with exercised options
- $2,150,000.00 Potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 523920 Portfolio Management
- PSC
- R710 Support- Management: Financial
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 30 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- Pittsburgh, PA 15222, USA
- Legislative mandates
-
- Employment Eligibility Verification (E-Verify) FAR subpart 22.18
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | -$2,742 | |
| Funding Only Action | -$84,850 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $191,507 | |
| Original award | $385,000 |
About this award
The Pension Benefit Guaranty Corporation awarded CSM Advisors LLC, doing business as CS McKee, a $2.15 million firm fixed price definitive contract for asset management services under a novation. CS McKee will provide the services from its location in Pittsburgh, Pennsylvania over a 15-month period concluding on December 31, 2021. The Pension Benefit Guaranty Corporation insures the pension benefits of over 40 million American workers and retirees. This contract for specialized asset management likely supports the agency's investment of funds to pay future pension benefits. No set aside designation or subcontractors were identified.
Quick answers
Who was awarded contract 16PBGC20C0026?
16PBGC20C0026 was awarded to CSM Advisors LLC by Pension Benefit Guaranty Corporation on September 14, 2020.
How much is contract 16PBGC20C0026 worth?
The government has obligated $488,915 on 16PBGC20C0026. Its current value, with exercised options, is $2,146,402. Its potential value, with all options, is $2,150,000.
Was contract 16PBGC20C0026 competed?
The extent of competition for 16PBGC20C0026 was full and open competition. The government received 30 offers.
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