Astd actuarial support services
Active Definitive Contract Awarded Last action
- Contract number
- 16PBGC22C0004
- Awardee
-
Milliman Incorporated UEI LM8QZWD2PYU3 Part of Milliman, Inc.
- Awarding agency
-
Pension Benefit Guaranty Corporation
- Obligated
- $15,865,524
Award facts
- Contract value 24% obligated
-
- $15,865,524.00 Current, with exercised options
- $66,446,225.00 Potential, with all options
- Completion date 48% complete
-
- Current, with exercised options
- Potential, with all options
- Contracting staff
- NAICS code
- 541612 Human Resources Consulting Services
- PSC
- R499 Support- Professional: Other
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 6 offers Negotiated Proposal / Quote
- Pricing
- Time and Materials
- Place of performance
- Seattle, WA 98101, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $138,680 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $3,049,260 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $4,524,465 | |
| Funding Only Action | $169,750 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $2,731,268 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Novation Agreement | $0 | |
| Supplemental Agreement for work within scope | $494,250 | |
| Supplemental Agreement for work within scope | $212,514 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $2,519,973 | |
| Exercise an Option | $320,000 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $65,490 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $160,000 | |
| Supplemental Agreement for work within scope | $0 | |
| Funding Only Action | $189,970 | |
| Original award | $1,289,904 |
Show all 27
About this award
The Pension Benefit Guaranty Corporation awarded a definitive contract to Milliman Incorporated for actuarial support services on February 1, 2022, with a ceiling value of $66.446 million and an ultimate completion date of January 31, 2032.
The contract is priced on a time and materials basis with no set-aside applied. Place of performance is Seattle, WA. The originating solicitation describes actuarial support services for PBGC operations, reflecting the agency's need for specialized actuarial analysis and risk assessment capabilities across its pension insurance and financial assistance programs.
Quick answers
Who was awarded contract 16PBGC22C0004?
16PBGC22C0004 was awarded to Milliman Incorporated by Pension Benefit Guaranty Corporation on February 1, 2022.
How much is contract 16PBGC22C0004 worth?
The government has obligated $15,865,524 on 16PBGC22C0004. Its potential value, with all options, is $66,446,225.
Was contract 16PBGC22C0004 competed?
The extent of competition for 16PBGC22C0004 was full and open competition. The government received 6 offers.
On GovTribe
See this award's full record
- Every transaction and funding action
- The awardee's other awards and teaming partners
- Similar awards and recompete opportunities
- Ask GovTribe AI about this award