The financial advisory services in support of pbgc interests in sponsors operating in the airline industry
Ended Definitive Contract Awarded Last action
- Contract number
- 16PBGC21C0015
- Awardee
-
Perella Weinberg Partners LP UEI VW76N9T97M95
- Awarding agency
-
Pension Benefit Guaranty Corporation
- Obligated
- $5,100,000
Award facts
- Opportunity
-
- Transportation Industry Single-Employer Pension Plan Sponsor(s) Valuation and Restructuring Financial Advisory Services Engagement 2021 Pre-Solicitation · 16PBGC21R0006 · Posted Feb 2, 2021
- Contract value 21% obligated
-
- $5,100,000.00 Current, with exercised options
- $24,000,000.00 Potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 523930 Investment Advice
- PSC
- R710 Support- Management: Financial
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 4 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- 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 |
|---|---|---|
| Other Administrative Action | $0 | |
| Exercise an Option | $2,100,000 | |
| Other Administrative Action | $0 | |
| Original award | $3,000,000 |
About this award
The Pension Benefit Guaranty Corporation awarded a definitive contract valued at twenty-four million U.S. dollars to Perella Weinberg Partners LP. The firm fixed-price contract is for financial advisory services in support of PBGC interests in sponsors operating in the airline industry. Services include determining the airline industry outlook, assessing sponsor restructuring plans, and evaluating strategic alternatives' effects on PBGC recoveries. The original solicitation sought proposals for valuation and restructuring financial advisory services related to transportation industry single-employer pension plan sponsors over a five-year period. There was no set-aside designation for this engagement to assist the PBGC in assessing the feasibility of pension plan sponsors' businesses. The place of performance is Fort Lesley J. McNair in Washington, D.C. and the period of performance is from June 16, 2021 through June 15, 2023.
Quick answers
Who was awarded contract 16PBGC21C0015?
16PBGC21C0015 was awarded to Perella Weinberg Partners LP by Pension Benefit Guaranty Corporation on June 16, 2021.
How much is contract 16PBGC21C0015 worth?
The government has obligated $5,100,000 on 16PBGC21C0015. Its potential value, with all options, is $24,000,000.
Was contract 16PBGC21C0015 competed?
The extent of competition for 16PBGC21C0015 was full and open competition. The government received 4 offers.
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