Smaller asset managers pilot program
Ended Definitive Contract Awarded Last action
- Contract number
- 16PBGC22C0010
- Awardee
-
New Century Advisors LLC UEI XJ7KJADLWF68
- Awarding agency
-
Pension Benefit Guaranty Corporation
- Obligated
- $1,175,711
Award facts
- Opportunity
-
- 16PBGC22Q0013 Solicitation number
- Contract value 100% obligated
- $1,175,711.28 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 523920 Portfolio Management
- PSC
- R710 Support- Management: Financial
- Set-aside
- No set-aside
- Competition
- Not Competed · 1 offer Only One Source
- Pricing
- Firm Fixed Price
- Place of performance
- Chevy Chase, MD 20815, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | -$131,789 | |
| Funding Only Action | $200,000 | |
| Exercise an Option | $400,000 | |
| Funding Only Action | $395,000 | |
| Original award | $312,500 |
About this award
The Pension Benefit Guaranty Corporation (PBGC), a civilian federal agency, awarded a $1,175,711.28 firm fixed price contract to New Century Advisors LLC, a self-certified small disadvantaged and woman-owned limited liability company. The contract, awarded on December 28, 2021, is for the Smaller Asset Managers Pilot Program and has an 18-month period of performance ending on June 30, 2023. This award was not set-aside and demonstrates New Century Advisors' ability to compete effectively for PBGC's investment management services. The company has a history of supporting PBGC's efforts to diversify its investment portfolio, including a $900,000 definitive contract awarded in January 2024 and a $382,226.80 firm fixed price contract in July 2023.
Quick answers
Who was awarded contract 16PBGC22C0010?
16PBGC22C0010 was awarded to New Century Advisors LLC by Pension Benefit Guaranty Corporation on December 28, 2021.
How much is contract 16PBGC22C0010 worth?
The government has obligated $1,175,711 on 16PBGC22C0010.
Was contract 16PBGC22C0010 competed?
The extent of competition for 16PBGC22C0010 was not competed. The government received 1 offer.
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