SFA actuarial support
Active Definitive Contract Awarded Last action
- Contract number
- 16PBGC23C0001
- Awardee
-
Milliman, Inc. UEI GNA7DJ349Y16 Part of Milliman, Inc.
- Awarding agency
-
Pension Benefit Guaranty Corporation
- Obligated
- $14,555,400
Award facts
- Opportunity
-
- Multiemployer Special Financial Assistance (“SFA”) Actuarial Support Solicitation · 16PBGC22R0007 · Posted Jul 6, 2022
- Contract value 88% obligated
-
- $14,555,400.00 Current, with exercised options
- $16,560,400.00 Potential, with all options
- Completion date 76% complete
-
- Current, with exercised options
- Potential, with all options
- Contracting staff
- NAICS code
- 541611 Administrative Management and General Management Consulting Services
- PSC
- R499 Support- Professional: Other
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 7 offers Negotiated Proposal / Quote
- Pricing
- Labor Hours
- 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 | |
| Supplemental Agreement for work within scope | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $2,709,450 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $2,074,025 | |
| Exercise an Option | $2,074,025 | |
| Funding Only Action | $2,006,975 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $2,006,975 | |
| Exercise an Option | $1,841,975 | |
| Original award | $1,841,975 |
Show all 13
About this award
The Pension Benefit Guaranty Corporation awarded a definitive contract to Milliman, Inc., EB Consulting division, for actuarial support services on January 1, 2023, with a ceiling value of $16.56 million.
The solicitation, posted July 6, 2022, seeks actuarial support for applications for Special Financial Assistance submitted by multiemployer pension plans under the American Rescue Plan Act. Work includes reviewing application information and actuarial assumptions for completeness and reasonableness, performed by credentialed actuaries. The contract carries labor-hours pricing with alignment of AMS CLINs to the contract price schedule.
Place of performance is Washington, DC. The period of performance runs through December 31, 2027, representing a base year plus up to four one-year extensions. NAICS code 541611 and PSC code R425 apply.
Quick answers
Who was awarded contract 16PBGC23C0001?
16PBGC23C0001 was awarded to Milliman, Inc. by Pension Benefit Guaranty Corporation on January 1, 2023.
How much is contract 16PBGC23C0001 worth?
The government has obligated $14,555,400 on 16PBGC23C0001. Its potential value, with all options, is $16,560,400.
Was contract 16PBGC23C0001 competed?
The extent of competition for 16PBGC23C0001 was full and open competition. The government received 7 offers.
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